Notable Analyst Rating Changes 08/16: (NWE) (KMI) (ACHN) Upgraded; (AMAT) (SPLS) (ANF) Downgraded

August 16, 2012 11:04 AM EDT Send to a Friend
UPGRADES
KeyBanc lifts Northwestern Corp. (NYSE: NWE) from Hold to Buy with a price target of $39. Click Here for more color.

JPMorgan boosts Kinder Morgan (NYSE: KMI) from Neutral to Overweight, moving its price target from $34 to $39.

JMP Securities upgrades Achillion Pharmaceuticals (Nasdaq: ACHN) from Market Perform to Market Outperform with a price target of $10.

Ladenburg Thalmann raises Allete (NYSE: ALE) from Neutral to Buy.

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

DOWNGRADES
Applied Materials (Nasdaq: AMAT) lowered at two firms Thursday:
  • CLSA from Outperform to Underperform with a $12 price target; and

  • Susquehanna from Neutral to Negative.
Citi downgrades Staples, Inc. (Nasdaq: SPLS) from Neutral to Sell.

Macquarie cuts Abercrombie & Fitch (NYSE: ANF) from Neutral to Underperform.

Leerink Swann reduces AmerisourceBergen (NYSE: ABC) from Outperform to Market Perform and moved its price target range from $43 - $44 to $37 - $40. Click Here for more color.

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

NEW COVERAGE
Morgan Stanley resumes Cliffs Natural Resources (NYSE: CLF) at Equalweight.

Janney Montgomery Scott initiates American Express (NYSE: AXP) with a Neutral and $60 target.

Imperial Capital starts Magnum Hunter (NYSE: MHR) with a Outperform and price target of $6.

Global Hunter Securities begins C&J Energy Services (NYSE: CJES) at Buy with a $26 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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JPMorgan, Citi, KeyBanc, Morgan Stanley, Janney Montgomery Scott, JMP Securities, Susquehanna International Group of Companies, Ladenburg Thalmann Financial Services, Notable Analyst Rating Changes

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