Notable Analyst Rating Changes 08/02: (TIE) (FTR) (EA) Upgraded; (DRYS) MGM) (MT) Downgraded
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UPGRADES
JPMorgan upgrades Titanium Metals (NYSE: TIE) from Neutral to Overweight, its price target moves from $15.50 up to $17.
Gabelli raises Frontier Communications (Nasdaq: FTR) from Hold to Buy.
BofA/Merrill Lynch boosts Electronic Arts (Nasdaq: EA) from Neutral to Buy.
Wedbush moves Garmin Ltd. (Nasdaq: GRMN) up from Neutral to Outperform with a price target of $55. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Deutsche Bank lowers DryShips (Nasdaq: DRYS) from Buy to Hold, price target lowered to $2.50. Click Here for more color.
BofA/Merrill Lynch chops MGM Resorts (NYSE: MGM) from Buy to Neutral.
Macquarie reduces Devon Energy (NYSE: DVN) from Outperform to Neutral.
BofA/Merrill Lynch cuts Arcelor Mittal (NYSE: MT) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Goldman Sachs resumes FMC Technologies (NYSE: FTI) at Buy and $57 price target. Click Here for more color.
UBS initiates Embraer (NYSE: ERJ) at Buy and price target of $32.
Global Hunter Securities assumes Gold Resource Corp (NYSE: GORO) with an Accumulate and price target of $22. Click Here for more color.
Goldman Sachs restarts Cameron International (NYSE: CAM) with a Buy and $70 price target. Click Here for more color.
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JPMorgan upgrades Titanium Metals (NYSE: TIE) from Neutral to Overweight, its price target moves from $15.50 up to $17.
Gabelli raises Frontier Communications (Nasdaq: FTR) from Hold to Buy.
BofA/Merrill Lynch boosts Electronic Arts (Nasdaq: EA) from Neutral to Buy.
Wedbush moves Garmin Ltd. (Nasdaq: GRMN) up from Neutral to Outperform with a price target of $55. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Deutsche Bank lowers DryShips (Nasdaq: DRYS) from Buy to Hold, price target lowered to $2.50. Click Here for more color.
BofA/Merrill Lynch chops MGM Resorts (NYSE: MGM) from Buy to Neutral.
Macquarie reduces Devon Energy (NYSE: DVN) from Outperform to Neutral.
BofA/Merrill Lynch cuts Arcelor Mittal (NYSE: MT) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Goldman Sachs resumes FMC Technologies (NYSE: FTI) at Buy and $57 price target. Click Here for more color.
UBS initiates Embraer (NYSE: ERJ) at Buy and price target of $32.
Global Hunter Securities assumes Gold Resource Corp (NYSE: GORO) with an Accumulate and price target of $22. Click Here for more color.
Goldman Sachs restarts Cameron International (NYSE: CAM) with a Buy and $70 price target. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.
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Deutsche Bank, UBS, JPMorgan, Merrill Lynch, Bank of America, Notable Analyst Rating Changes
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