Notable Analyst Rating Changes 05/22: (MTW) (GPS) (REXX) Upgraded; (ABMD) (CBE) (LOW) Downgraded


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May 22, 2012 11:10 AM EDT Send to a Friend
UPGRADES
Goldman Sachs upgrades Manitowoc (NYSE: MTW) from Neutral to Buy with a price target of $15 (down from $17). Click Here for more color.

Lazard Capital lifts Gap, Inc. (NYSE: GPS) from Neutral to Buy.

BMO Capital raises REX Energy (Nasdaq: REXX) from Market Perform to Outperform.

Wells Fargo moves Humana (NYSE: HUM) from Market Perform to Outperform and valuation range of $87 - $96. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Lazard Capital downgraded Abiomed, Inc. (Nasdaq: ABMD) from Buy to Neutral.

Cooper Industries (NYSE: CBE) cut by three:
  • KeyBanc from Buy to Hold. Click Here for more color;

  • FBR Capital from Outperform to Market Perform; and

  • JMP Securities from Market Outperform to Market Perform.
Piper Jaffray reduces Lowe's (NYSE: LOW) from Overweight to Neutral, choping its price target from $41 to $28.

Sterne Agee downgrades Assurant (NYSE: AIZ) from Neutral to Underperform, its price target lowered from $43 to $30.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Morgan Stanley initiates Hertz Global (NYSE: HTZ) at Overweight and $17 target.

Jefferies assumes Heckmann Corporation (NYSE: HEK) with a Buy and $5.25 target. Click Here for more color.

Credit Agricole starts LyondellBasell Industries (NYSE: LYB) with an Underperform and $39 target.

Forum Energy Technologies (NYSE: FET) started by several firms:
  • BofA/Merrill Lynch at Buy and $31 target;

  • CapitalOne with an Add and $27 price target;

  • Howard Weil with a Market Outperform and price target of $28;

  • Tudor Pickering with a Buy;

  • FBR Capital with an Outperform and $28 price target;

  • Citi at Buy and $29 target;

  • JPMorgan at Overweight and target of $29; and

  • Dahlman Rose with a Buy and $28 target. Click Here for more color.
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Piper Jaffray, JPMorgan, Citi, KeyBanc, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, BMO Capital, Lazard, Sterne Agee, JMP Securities, Notable Analyst Rating Changes, Credit Agricole, Wells Fargo

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