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Notable Analyst Rating Changes 07/18: (TIF) (ERF) (KMT) Upgraded; (SKS) (CAT) (EDU) Downgraded

July 18, 2012 11:16 AM EDT Send to a Friend
UPGRADES
Goldman Sachs lifts Tiffany & Co. (NYSE: TIF) from Neutral to Buy, moving its price target from $64 to $70. Click Here for more color.

Barclays upgrades Enerplus (NYSE: ERF) from Underweight to Equalweight.

Jefferies raises Kennametal (NYSE: KMT) from Buy to Hold, its price target moved from $50 to $34. Click Here for more color.

Drexel Hamilton upgraded VMware (NYSE: VMW) from Hold to Buy with a price target of $110. Click Here for more color.

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

DOWNGRADES
Goldman Sachs downgrades Saks Inc. (NYSE: SKS) from Neutral to Sell , chopping its price target from $12 down to $9. Click Here for more color.

Canaccord Genuity lowers AuRico Gold (NYSE: AUQ) from Buy to Hold.

New Oriental Education (NYSE: EDU) hit with two more downgrades:
  • Jefferies from Buy to Hold, moving its price target from $33 to $18. Click Here for more color; and

  • Oppenheimer from Outperform to Perform, keeping its $35 price target.
RBC Capital reduces Talisman Energy (NYSE: TLM) from Outperform to Sector Perform with a price target of $14.00

Caterpillar (NYSE: CAT) lowered by two today:
  • Longbow Research from Buy to Neutral; and

  • Jefferies from Buy to Hold, lowering its price target from $130 down to $85. Click Here for more color.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
JPMorgan starts General Motors (NYSE: GM) at Overweight, with a price target of $29. Click Here for more color.

BofA/Merrill Lynch assumes Shutterfly Inc. (Nasdaq: SFLY) at Buy and $40 price target.

UBS initiates Genworth Financial (NYSE: GNW) with a Neutral and $5.50 price target.

Superior Energy Services (NYSE: SPN) started by two today:
  • Wells Fargo at Outperform and price target range of $26 - $28. Click Here for more color; and

  • RBC Capital at Sector Perform and $23 target.
JPMorgan also started coverage on Ford Motor (NYSE: F) with an Overweight and $13 target. Click Here for more color.

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

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