Notable Analyst Rating Changes 08/03: (WFM) (CI) (HOLX) Upgraded; (NOK) (MTG) (ZIP) Downgraded

August 3, 2012 11:20 AM EDT Send to a Friend
UPGRADES
Morgan Stanley upgrades Whole Foods Market (Nasdaq: WFM) from Equalweight to Overweight.

BMO Capital trims CIGNA (NYSE: CI) from Market Perform to Outperform, moving its price target moved from $53 up to $55.

Raymond James raises Hologic (Nasdaq: HOLX) from Outperform to Strong Buy.

ISI Group lifts Illinois Tool Works (NYSE: ITW) from from Hold to Buy.

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

DOWNGRADES
Goldman Sachs chops Nokia (NYSE: NOK) from Neutral to Sell, with a price target of €1.30 ($1.60 per ADR). Click Here for more color.

FBR Capital lowers MGIC Investment (NYSE: MTG) from Outperform to Market Perform, its price target moves from $5 down to $1.

Zipcar (Nasdaq: ZIP) downgraded by a horde of firms Friday:
  • Avondale Partners from Market Perform to Underperform, its price target moves to $7 from $13;

  • Cowen from Outperform to Neutral;

  • JPMorgan from Overweight to Neutral with a price target of $13;

  • Needham & Company from Buy to Hold. Click Here for more color;

  • Morgan Stanley from Overweight to Underweight; and

  • Oppenheimer from Outperform to Perform, its price target drops from $24 down to $8.
Deutsche Bank downgraded Spectra Energy (NYSE: SE) from Buy to Hold, with the firm's price target moving from $37 down to 30. Click Here for more color.

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

NEW COVERAGE
Imperial Capital assumes Triumph Group (NYSE: TGI) at Outperform and $77 price target.

William Blair and Baird initiate Palo Alto Networks (NYSE: PANW) at Outperform.

Imperial Capital starts Rockwell Collins (NYSE: COL) with a In-Line and $55 target.

Wedbush restarts Image Sensing Systems (Nasdaq: ISNS) with an Outperform and lower price target of $7 (from $8 prior).

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

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Deutsche Bank, William Blair, JPMorgan, Raymond James, Morgan Stanley, Robert W Baird, Needham & Company, BMO Capital, Avondale Partners, Notable Analyst Rating Changes, Cowen & Co

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