Notable Analyst Rating Changes 08/13: (GOOG) (IP) (CPB) Upgraded; (P) (TC) (KO) Downgraded
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UPGRADES
Morgan Stanley upgrades Google (Nasdaq: GOOG) from Equalweight to Overweight with a price target of $775. Click Here for more color.
Credit Suisse raises International Paper (NYSE: IP) from Neutral to Outperform.
Goldman Sachs moves Campbell Soup (NYSE: CPB) from Sell to its Conviction Buy with a price target of $39 (from $32 prior). Click Here for more color.
BofA/Merrill Lynch boosts Sprint (NYSE: S) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Morgan Stanley downgrades Pandora (NYSE: P) from Overweight to Equalweight.
Macquarie trims Thompson Creek Metals (NYSE: TC) from Neutral to Underperform, halving its price target to $2.
Goldman Sachs drops Coca-Cola (NYSE: KO) from its Conviction Buy to a Neutral rating, but moves its price target from $81 to $84. Click Here for more color.
Stifel Nicolaus reduces Yahoo! (Nasdaq: YHOO) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Morgan Stanley initiates Cummins (NYSE: CMI) with an Equalweight.
Durata Therapeutics (Nasdaq: DRTX) started by two today:
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Morgan Stanley upgrades Google (Nasdaq: GOOG) from Equalweight to Overweight with a price target of $775. Click Here for more color.
Credit Suisse raises International Paper (NYSE: IP) from Neutral to Outperform.
Goldman Sachs moves Campbell Soup (NYSE: CPB) from Sell to its Conviction Buy with a price target of $39 (from $32 prior). Click Here for more color.
BofA/Merrill Lynch boosts Sprint (NYSE: S) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Morgan Stanley downgrades Pandora (NYSE: P) from Overweight to Equalweight.
Macquarie trims Thompson Creek Metals (NYSE: TC) from Neutral to Underperform, halving its price target to $2.
Goldman Sachs drops Coca-Cola (NYSE: KO) from its Conviction Buy to a Neutral rating, but moves its price target from $81 to $84. Click Here for more color.
Stifel Nicolaus reduces Yahoo! (Nasdaq: YHOO) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Morgan Stanley initiates Cummins (NYSE: CMI) with an Equalweight.
Durata Therapeutics (Nasdaq: DRTX) started by two today:
- RBC Capital at Outperform, with a price target of $15; and
- BofA/Merrill Lynch at Buy and $12 target.
- Jefferies at Buy and $40 target. Click Here for more color;
- Credit Suisse with a Neutral and $35 target;
- UBS at Neutral and $35 target;
- Goldman Sachs with a Neutral and $31 price target. Click Here for more color;
- Wells Fargo at Market Perform and valuation range of $29 - $31. Click Here for more color; and
- Barclays with an Equalweight and $30 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Credit Suisse, Stifel Nicolaus, UBS, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, RBC Capital, Barclays, Notable Analyst Rating Changes, Wells Fargo, Canaccord GenuityLogin with Facebook
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