Notable Analyst Rating Changes 07/03: (ZION) (LEAP) (AN) Upgraded; (MJN) (ACCO) (AA) Downgraded

July 3, 2013 10:28 AM EDT Send to a Friend
UPGRADES
Citi boosts Zions Bancorp (Nasdaq: ZION) from Neutral to Buy.

Macquarie moves Leap Wireless (Nasdaq: LEAP) from Underperform to Neutral, moving its price target from $4.50 up to $7.50. Click Here for more color.

Credit Suisse raises AutoNation Inc. (NYSE: AN) from Neutral to Outperform.

UBS upgrades ARM Holdings (Nasdaq: ARMH) from Neutral to Buy.

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

DOWNGRADES
Wells Fargo lowers Mead Johnson Nutrition (NYSE: MJN) from Outperform to Market Perform, moving its price target from $88 down to $77. Click Here for more color.

Credit Suisse trims ACCO Brands (NYSE: ACCO) from Outperform to Neutral.

JPMorgan downgraded Alcoa (NYSE: AA) from Buy to Neutral, while its $12 price target was lowered to a December 2014 target of $9. Click Here for more color.

BofA/Merrill Lynch reduces Overstock.com (Nasdaq: OSTK) from Buy to Underperform, moving its price target from $20 to $23. Click Here for more color.

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

NEW COVERAGE
Goldman Sachs reinstates Best Buy (NYSE: BBY) at Buy rating and a price target of $34. Click Here for more color.

RBC Capital initiates Ecolab Inc. (NYSE: ECL) at Outperform and $97 target.

Guggenheim starts Celldex Therapeutics (Nasdaq: CLDX) with a Buy and price target of $24.

Needham & Company begins 21st Century Fox (Nasdaq: FOXA) with a Buy rating and $36 price target.

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

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Credit Suisse, UBS, JPMorgan, Citi, Merrill Lynch, Needham & Company, Bank of America, RBC Capital, Notable Analyst Rating Changes, Wells Fargo

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