Notable Analyst Rating Changes 05/29: (BTU) (TEX) (MT) Upgraded; (XOM) (STX) (GFA) Downgraded

May 29, 2012 11:02 AM EDT Send to a Friend
UPGRADES
Goldman Sachs upgrades Peabody Energy (NYSE: BTU) from Neutral to Buy with a price target of $37.

BMO Capital raises Terex (NYSE: TEX) from Market Perform to Outperform with a price target of $30.

HSBC lifts Arcelor Mittal (NYSE: MT) from Neutral to Overweight.

Janney Montgomery Scott increases it rating on Williams-Sonoma (NYSE: WSM) from Sell to Neutral, while raising its price target from $30 to $36.

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

DOWNGRADES
Goldman Sachs removes ExxonMobil (NYSE: XOM) from its Conviction Buy List but maintained a Buy rating with a price target of $102. Click Here for more color.

Barclays downgrades Seagate Technology (Nasdaq: STX) from Overweight to Equalweight.

JPMorgan reduces Gafisa S.A. (NYSE: GFA) from Neutral to Underweight.

Roth Capital trims Ariba (Nasdaq: ARBA) from Neutral to Sell with a price target of $45.

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

NEW COVERAGE
Credit Agricole initiates Facebook (Nasdaq: FB) with a Buy and $40 target.

BofA/Merrill Lynch begins Sandridge Mississippian Trust II (NYSE: SDR) with a Neutral and $22 target.

Tilly's (NYSE: TLYS) started by several firms:
  • Stifel Nicolaus at Hold;
  • BofA/Merrill Lynch with a Neutral and $18 target;
  • William Blair at Outperform; and
  • Piper Jaffray at Overweight and $20 target.
EverBank Financial (NYSE: EVER) initiated by a slew of firms:
  • Goldman Sachs with a Neutral and $13 target. Click Here for more color;
  • BofA/Merrill Lynch at Buy and $14 target;
  • Credit Suisse with a Neutral and $12 target; and
  • Keefe, Bruyette & Woods with an Outperform and $14 target.
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Goldman Sachs Conviction Buy List, Credit Suisse, Piper Jaffray, Stifel Nicolaus, Keefe, Bruyette & Woods, William Blair, JPMorgan, Merrill Lynch, Bank of America, BMO Capital, Roth Capital, Janney Montgomery Scott, Barclays, HSBC, Notable Analyst Rating Changes, Credit Agricole

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