Notable Analyst Rating Changes 07/16: (MMM) (SVU) (WFC) Upgraded; (SNDK) (ANR) (GE) Downgraded

July 16, 2012 10:50 AM EDT Send to a Friend
UPGRADES
Morgan Stanley upgrades 3M (NYSE: MMM) from Equalweight to Overweight.

Goldman Sachs boosts SUPERVALU (NYSE: SVU) from Sell to Neutral with a price target of $3.00 (from $5.00). Click Here for more color.

Sterne Agee lifts Wells Fargo (NYSE: WFC) from Neutral to Buy with a price target of $38.

Barclays raises Sirius XM Radio (Nasdaq: SIRI) from Underweight to Equalweight with a price target of $2.25 (from $2.00).

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

DOWNGRADES
Baird trims SanDisk (Nasdaq: SNDK) from Outperform to Neutral, moving its price target of $32.00 (from $48.00).

BMO Capital cuts Alpha Natural Resources (NYSE: ANR) from Outperform to Underperform, chopping its price target from $18 down to $5. Click Here for more color.

Morgan Stanley downgrades General Electric (NYSE: GE) from Overweight to Equialweight. Click Here for more color.

FBR Capital reduces Texas Instruments (Nasdaq: TXN) from Market Perform to Underperform with a price target of $24.50 (from $30.00).

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

NEW COVERAGE
Leerink Swann resumes Orexigen Therapeutics (Nasdaq: OREX) with a Outperform rating and $10 price target. Click Here for more color.

Atlantic Equities initiates coverage on Expedia (Nasdaq: EXPE) with a Overweight and $57 price target.

Goldman Sachs assumes General Growth Properties (NYSE: GGP) at Neutral and $18 price target. Click Here for more color.

BofA Merrill Lynch starts Cognizant Technology (Nasdaq: CTSH) with a Buy.

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

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Morgan Stanley, Merrill Lynch, Robert W Baird, Bank of America, BMO Capital, Sterne Agee, Barclays, Notable Analyst Rating Changes, Wells Fargo

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