Notable Analyst Rating Changes 07/12: (MRK) (SVU) (CVX) Upgraded; (ADTN) (TSL) (TSN) Downgraded


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July 12, 2012 10:46 AM EDT Send to a Friend
UPGRADES
Citi upgrades Merck (NYSE: MRK) from Neutral to Buy.

UBS raises SUPERVALU (NYSE: SVU) from Sell to Neutral, but lowered its price target from $4.50 to $4. Click Here for more color.

JPMorgan upgrades Chevron (NYSE: CVX) from Underweight to Neutral, keeping a $120 price target on the stock.

Wells Fargo boosts Walt Disney (NYSE: DIS) from Market Perform to Outperform, increasing its valuation range from $44 - $46 up to $56 - $58. Click Here for more color.

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

DOWNGRADES
ADTRAN (Nasdaq: ADTN) cut by a handful of firms today:
  • Citi from Buy to Neutral;

  • Mizuho Securities from Neutral to Underperform;

  • Stifel Nicolaus from Buy to Hold;

  • MKM Partners from Neutral to Sell with a price target of $18; and

  • Capstone Investments from Buy to Hold with a price target of $26.
Tyson Foods (NYSE: TSN) downgraded by two today:
  • Morgan Stanley from Equalweight to Underweight; and

  • BofA/Merrill Lynch from Buy to Underperform.
Piper Jaffray trims Trina Solar (NYSE: TSL) from Overweight to Neutral with a price target of $6.

Credit Suisse reduces Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) from Outperform to Neutral.

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

NEW COVERAGE
Goldman Sachs assumes Delta Air Lines (NYSE: DAL) at Sell and $9.30 price target. Click Here for more color.

ISI Group initiates coverage on CVS Caremark (NYSE: CVS) with a Overweight and price target of $53.50.

Janney Montgomery Scott begins Adobe (Nasdaq: ADBE) with a Buy and $38 target.

Goldman Sachs initiates United Continental (NYSE: UAL) with a Sell and $21.30 price target. Click Here for more color.

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

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