Notable Analyst Rating Changes 08/06: (RF) (ARRS) (WCG) Upgraded; (WCRX) (PGR) (KTOS) Downgraded

August 6, 2012 10:55 AM EDT Send to a Friend
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UPGRADES
BofA/Merrill Lynch upgrades Regions Financial (NYSE: RF) from Neutral to Buy.

Jefferies boosts ARRIS Group (Nasdaq: ARRS) from Hold to Buy, moving its price target from $13 up to $16. Click Here for more color.

WellCare Health Plans (NYSE: WCG) upgraded at two firms:
  • Susquehanna from Neutral to Positive; and

  • Wedbush from Neutral to Outperform with a price target of $72. Click Here for more color.
Jefferies boosts Kraft Foods (Nasdaq: KFT) from Hold to Buy, moving its price target from $41 to $48. Click Here for more color.

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

DOWNGRADES
Morgan Stanley trims Warner Chilcott (Nasdaq: WCRX) from Overweight to Equalweight.

Credit Suisse downgrades Progressive Corp. (NYSE: PGR) from Outperform to Neutral.

Benchmark lowers Kratos Defense & Security (Nasdaq: KTOS) from Buy to Hold with a price target of $5. Click Here for more color.

FBR Capital reduces Annaly Capital Management (NYSE: NLY) from Market Perform to Underperform with a price target of $16.

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

NEW COVERAGE
JMP Securities initiates Apollo Residential Mortgage (NYSE: AMTG) with a Market Outperform.

Goldman Sachs removes NR designation on CVR Energy (NYSE: CVI), resuming coverage with a Neutral rating and $34 price target. Click Here for more color.

Leerink Swann initiates Impax Laboratories (Nasdaq: IPXL) with a Outperform and $28-$29 valuation range. Click Here for more color.

Ascendiant Capital assumes Echo Therapeutics (Nasdaq: ECTE) at Buy and $2 price target. Click Here for more color.

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

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Credit Suisse, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, JMP Securities, Susquehanna International Group of Companies, Notable Analyst Rating Changes

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