Notable Analyst Rating Changes 05/23: (GPS) (AKS) (LTD) Upgraded; (LDK) (ERIC) (ONNN) Downgraded
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UPGRADES
Deutsche Bank upgrades Gap, Inc. (NYSE: GPS) from Sell to Hold, with a price target of $18. Click Here for more color.
Morgan Stanley ups AK Steel (NYSE: AKS) from Neutral to Overweight.
Goldman Sachs lifts Limited Brands (NYSE: LTD) from Sell to Neutral with a $39 price target. Click Here for more color.
Mosaic (NYSE: MOS) raised by two today:
DOWNGRADES
Argus downgrades LDK Solar (NYSE: LDK) from Buy to Hold.
BofA/Merrill Lynch lowers Ericsson (Nasdaq: ERIC) from Neutral to Underperform.
Goldman Sachs cuts ON Semi (Nasdaq: ONNN) from Buy to Neutral with a $12 price target.
Jefferies reduces PG&E Corporation (NYSE: PCG) from Buy to Hold and lowered their price target from $51 to $48.50. Click Here for more color.
JMP Securities cuts DemandTec (Nasdaq: DMAN) from Market Outperform to Market Perform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Goldman Sachs resumes coverage on LSI Corporation (NYSE: LSI) with a Neutral rating and $8 price target. Click Here for more color.
ISI Group starts Dendreon (Nasdaq: DNDN) at Buy with $47 price target.
William Blair initiates JinkoSolar Holding Co., Ltd. (NYSE: JKS) with an Outperform.
Barclays begins CVR Partners (NYSE: UAN) at Equalweight, and $20 price target.
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Deutsche Bank upgrades Gap, Inc. (NYSE: GPS) from Sell to Hold, with a price target of $18. Click Here for more color.
Morgan Stanley ups AK Steel (NYSE: AKS) from Neutral to Overweight.
Goldman Sachs lifts Limited Brands (NYSE: LTD) from Sell to Neutral with a $39 price target. Click Here for more color.
Mosaic (NYSE: MOS) raised by two today:
- Stifel Nicolaus from Hold to Buy; and
- JPMorgan from Neutral to Overweight.
DOWNGRADES
Argus downgrades LDK Solar (NYSE: LDK) from Buy to Hold.
BofA/Merrill Lynch lowers Ericsson (Nasdaq: ERIC) from Neutral to Underperform.
Goldman Sachs cuts ON Semi (Nasdaq: ONNN) from Buy to Neutral with a $12 price target.
Jefferies reduces PG&E Corporation (NYSE: PCG) from Buy to Hold and lowered their price target from $51 to $48.50. Click Here for more color.
JMP Securities cuts DemandTec (Nasdaq: DMAN) from Market Outperform to Market Perform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Goldman Sachs resumes coverage on LSI Corporation (NYSE: LSI) with a Neutral rating and $8 price target. Click Here for more color.
ISI Group starts Dendreon (Nasdaq: DNDN) at Buy with $47 price target.
William Blair initiates JinkoSolar Holding Co., Ltd. (NYSE: JKS) with an Outperform.
Barclays begins CVR Partners (NYSE: UAN) at Equalweight, and $20 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street
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