Notable Analyst Rating Changes 05/26: C, NVDA, BA, RIG Upgraded; ADBE, DWA, JCG, SLRY Downgraded
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UPGRADES
Oppenheimer upgraded Citigroup (NYSE: C) from Market Perform to Outperform today with a $4.58 18-month price target.
FBR Capital upgrades NVIDIA (Nasdaq: NVDA) from Market Perform to Outperform while maintaining its $18 price target. Click Here for more color.
Morgan Stanley upgrades Boeing (NYSE: BA) from Underweight to Equalweight.
Macquarie upgrades Transocean (NYSE: RIG) from Neutral to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
RBC Capital downgrades Adobe Systems (Nasdaq: ADBE) from Outperform to Sector Perform, price target lowered from $46 to $36
Jefferies & Co downgrades DreanWorks Animation (NYSE: DWA) from Buy to Hold, with a price target cut from $49 to $28.
BMO Capital downgrades J. Crew Group (NYSE: JCG) from Outperform to Market Perform, with a price target lowered from $55 to $48.
Thomas Weisel downgrades Salary.com (Nasdaq: SLRY) from Overweight to Marketweight, and lowers their price target from $5 to $3.50.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Benchmark initiates coverage on Clarient, Inc. (Nasdaq: CLRT) with a Buy rating, with a price target of $4. Click Here for more color.
Raymond James initiates coverage on ValueClick (Nasdaq: VCLK) with a Strong Buy rating, with a price target of $15.
Morgan Joseph reiterates a 'Buy' rating on Cree, Inc. (Nasdaq: CREE), price target $100. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Oppenheimer upgraded Citigroup (NYSE: C) from Market Perform to Outperform today with a $4.58 18-month price target.
FBR Capital upgrades NVIDIA (Nasdaq: NVDA) from Market Perform to Outperform while maintaining its $18 price target. Click Here for more color.
Morgan Stanley upgrades Boeing (NYSE: BA) from Underweight to Equalweight.
Macquarie upgrades Transocean (NYSE: RIG) from Neutral to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
RBC Capital downgrades Adobe Systems (Nasdaq: ADBE) from Outperform to Sector Perform, price target lowered from $46 to $36
Jefferies & Co downgrades DreanWorks Animation (NYSE: DWA) from Buy to Hold, with a price target cut from $49 to $28.
BMO Capital downgrades J. Crew Group (NYSE: JCG) from Outperform to Market Perform, with a price target lowered from $55 to $48.
Thomas Weisel downgrades Salary.com (Nasdaq: SLRY) from Overweight to Marketweight, and lowers their price target from $5 to $3.50.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Benchmark initiates coverage on Clarient, Inc. (Nasdaq: CLRT) with a Buy rating, with a price target of $4. Click Here for more color.
Raymond James initiates coverage on ValueClick (Nasdaq: VCLK) with a Strong Buy rating, with a price target of $15.
Morgan Joseph reiterates a 'Buy' rating on Cree, Inc. (Nasdaq: CREE), price target $100. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Citi, Raymond James, Morgan Stanley, Jefferies & Co, BMO Capital, RBC Capital, Morgan Joseph, Thomas Weisel Partners Group, Notable Analyst Rating ChangesSign up for StreetInsider Free!
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