Notable Analyst Rating Changes 06/24: (SRC) (MTOR) (MU) Upgraded; (WWWW) (CTRP) (ITG) Downgraded

June 24, 2014 10:52 AM EDT Send to a Friend

UPGRADES
BofA/Merrill Lynch upgrades Spirit Realty Capital (NYSE: SRC) from Neutral to Buy and moves its price target from $11.50 up to $12. Click Here for more color.

CRT Capital raises Meritor (NYSE: MTOR) from Fairly Valued to Buy and adjusts its price target from $14 to $15.

Needham & Company lifts Micron Technology (Nasdaq: MU) from Buy to Strong Buy and moves its price target from $40 up to $50. Click Here for more color.

Argus moves Southern Co. (NYSE: SO) from Hold to Buy.

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

DOWNGRADES
B. Riley cuts Web.com Group (Nasdaq: WWWW) from Buy to Neutral with a price target of $40.

Stifel Nicolaus lowers Ctrip.com (Nasdaq: CTRP) from Buy to Hold and removed its $58 price target.

JPMorgan downgrades Investment Technology Group (NYSE: ITG) from Overweight to Neutral and moves its price target from $23 down to $19.

Morgan Stanley drops Lorillard (NYSE: LO) from Equalweight to Underweight.

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

NEW COVERAGE
Morgan Stanley assumes Best Buy (NYSE: BBY) at Overweight and price target of $36.

Stifel Nicolaus begins LeMaitre Vascular (Nasdaq: LMAT) with a Buy rating and $11 price target.

Wells Fargo starts Ruckus Wireless (NYSE: RKUS) with a Market Perform rating and price target of $11 to $13. Click Here for more color.

Atlantic Equities initiates Sensata Technologies (NYSE: ST) with an Overweight rating and a price target of $56.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Stifel Nicolaus, JPMorgan, Morgan Stanley, Merrill Lynch, Needham & Company, Bank of America, B. Riley, Argus, Notable Analyst Rating Changes, Wells Fargo

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