Notable Analyst Rating Changes 07/24: (PCS) (GT) (TLM) Upgraded; (TSO) (DV) (RSH) Downgraded

July 24, 2012 10:40 AM EDT Send to a Friend
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UPGRADES
Macquarie upgrades MetroPCS (NYSE: PCS) from Neutral to Outperform.

Goldman Sachs raises Goodyear Tire & Rubber (NYSE: GT) from Sell to Neutral with a price target of $13. Click Here for more color.

Canaccord Genuity raises Talisman Energy (NYSE: TLM) from Hold to Buy, price target raised to $15. Click Here for more color.

Genesee & Wyoming (NYSE: GWR) boosted by two firms:
  • Morgan Stanley from Equalweight to Overweight; and

  • Raymond James from Market Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
BofA/Merrill Lynch trims Tesoro Corporation (NYSE: TSO) from Buy to Neutral.

Deutsche Bank reduces NRG Energy (NYSE: NRG) from Buy to Hold, its price target raised from $19 to $20. Click Here for more color.

UBS cuts RadioShack Corp. (NYSE: RSH) from Neutral to Sell.

DeVry (NYSE: DV) reduced by several firms:
  • Oppenheimer from Outperform to Perform. Click Here for more color;

  • Citi from Buy to Neutral;

  • Topeka Capital from Buy to Hold, moving its price target from $40 down to $23; and

  • JPMorgan from Neutral to Underweight.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
William Blair assumes Akamai Technologies (Nasdaq: AKAM) at Outperform.

ServiceNow (NYSE: NOW) started by a handful of firms:
  • Citi at Buy and $30 price target;

  • UBS at Neutral with a $26 target;

  • Credit Suisse with a Neutral and price target of $24;

  • Barclays at Overweight and $30 target;

  • Deutsche Bank at Buy and $34 target. Click Here for more color;

  • Wells Fargo with an Outperform and price target range of $29 - $31. Click Here for more color;

  • Morgan Stanley at Equalweight; and

  • Pacific Crest with a Outperform and $32 price target.
Evercore Partners initiates American International Group (NYSE: AIG) with a Overweight and $38 price target.

JCPenney (NYSE: JCP) started by two firms:
  • Atlantic Equities with a Neutral and $22 target; and

  • Oppenheimer with a Outperform and price target of $30.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Credit Suisse, Deutsche Bank, UBS, William Blair, JPMorgan, Citi, Raymond James, Morgan Stanley, Merrill Lynch, Bank of America, Barclays, Pacific Crest Securities, Notable Analyst Rating Changes, Wells Fargo, Canaccord Genuity

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