Notable Analyst Rating Changes 06/07: (SINA) (RFMD) (PHM) Upgraded; (TPX) (JNPR) (PTEN) Downgraded
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UPGRADES
Oppenheimer boosts SINA Corporation (Nasdaq: SINA) from Perform to Outperform with a price target of $70.
Davenport upgrades RF Micro Devices (Nasdaq: RFMD) from Neutral to Buy with a price target of $6.50.
FBR Capital raises PulteGroup (NYSE: PHM) from Market Perform to Outperform with a price target of $11.00 (from $10.00).
Macquarie moves Regions Financial (NYSE: RF) from Neutral to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Tempur-Pedic (NYSE: TPX) lowered by three firms today:
Macquarie chops Patterson-UTI Energy (Nasdaq: PTEN) from Outperform to Neutral with a price target of $17.00 (from $18.00).
Wells Fargo cuts Invesco Mortgage Capital (NYSE: IVR) from Outperform to Market Perform, its price target range lowered from $18.50 to 20.50 to a range of $16.50 to $18.50. Click Here for more color.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Wells Fargo initiates MFA Mortgage (NYSE: MFA) with a Market Perform and price target range $7 to $8. Click Here for more color
Pritchard Capital starts EnCana Corp. (NYSE: ECA) with a Buy and $25 price target.
Wunderlich starts Chesapeake (NYSE: CHK) at Buy with a price target of $22.
Wells Fargo assumes Chimera Investment Corp (NYSE: CIM) with a Market Perform and price target rangte of $2 to $3. Click Here for more color.
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Oppenheimer boosts SINA Corporation (Nasdaq: SINA) from Perform to Outperform with a price target of $70.
Davenport upgrades RF Micro Devices (Nasdaq: RFMD) from Neutral to Buy with a price target of $6.50.
FBR Capital raises PulteGroup (NYSE: PHM) from Market Perform to Outperform with a price target of $11.00 (from $10.00).
Macquarie moves Regions Financial (NYSE: RF) from Neutral to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Tempur-Pedic (NYSE: TPX) lowered by three firms today:
- William Blair from Outperform to Market Perform;
- Piper Jaffray from Overweight to Neutral with a price target of $22; and
- Wedbush from Outperform to Neutral with a price target of $25 (from $72). Click Here for more color.
Macquarie chops Patterson-UTI Energy (Nasdaq: PTEN) from Outperform to Neutral with a price target of $17.00 (from $18.00).
Wells Fargo cuts Invesco Mortgage Capital (NYSE: IVR) from Outperform to Market Perform, its price target range lowered from $18.50 to 20.50 to a range of $16.50 to $18.50. Click Here for more color.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Wells Fargo initiates MFA Mortgage (NYSE: MFA) with a Market Perform and price target range $7 to $8. Click Here for more color
Pritchard Capital starts EnCana Corp. (NYSE: ECA) with a Buy and $25 price target.
Wunderlich starts Chesapeake (NYSE: CHK) at Buy with a price target of $22.
Wells Fargo assumes Chimera Investment Corp (NYSE: CIM) with a Market Perform and price target rangte of $2 to $3. Click Here for more color.
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Piper Jaffray, William Blair, Davenport, Needham & Company, Notable Analyst Rating Changes, Wells Fargo
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