UBS upgrades Medivation (Nasdaq: MDVN) from Neutral to Buy, moving its price target from $59 up to $74. Click Here for more color.
FBR Capital raises Adobe (Nasdaq: ADBE) from Underperform to Market Perform with a price target of $45. Click Here for more color.
Goldman Sachs lifts LINN Energy (Nasdaq: LINE) from Neutral to Buy, seeing 44 percent upside to its $36 price target. Click Here for more color.
Baird moves BorgWarner (NYSE: BWA) from Neutral to Outperform.
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DOWNGRADES
Buckingham Research downgrades American Express (NYSE: AXP) from Buy to Neutral.
Piper Jaffray reduces Hologic (Nasdaq: HOLX) from Overweight to Neutral, moving its price target from $27 down to $21.
Canaccord Genuity drops Pan Am Silver (Nasdaq: PAAS) from Buy to Hold, adjusting its price target from $19.50 down to $13.
Credit Suisse cuts Unilever (NYSE: UN) from Neutral to Underperform.
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NEW COVERAGE
Muddy Waters assumes American Tower Corporation (NYSE: AMT) at Strong Sell. Click Here for more color.
Gogo (NASDAQ: GOGO) started by two today:
- Morgan Stanley at Equalweight; and
- Evercore Partners with an Overweight and price target of $15.
William Blair starts CIENA (Nasdaq: CIEN) with an Outperform.
RBC Capital initiates Fortress Investment Group (NYSE: FIG) with an Outperform and $9 price target.
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