Notable Analyst Rating Changes 08/17: TGT, AGU, CF, MSFT Upgraded; MOS, YHOO, RIMM, CPIX Downgraded
UPGRADES
BofA/Merrill Lynch upgrades Target (NYSE: TGT) from Neutral to Buy, with a price target increased from $57 to $61.
J.P. Morgan upgrades Agrium (NYSE: AGU) from Neutral to Overweight, and their price target increased from $70 to $75.
Goldman Sachs upgraded CF Industries (NYSE: CF) from Neutral to its Conviction Buy List, saying ag stocks have more room to run.
BGC Partners upgrades Microsoft (Nasdaq: MSFT) from Hold to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
J.P. Morgan downgrades Mosaic Company (NYSE: MOS) from Overweight to Neutral, and $52 price target.
BGC Partners downgrades Yahoo! (Nasdaq: YHOO) from Buy to Hold.
Wedbush has downgraded shares of Research In Motion (Nasdaq: RIMM) from Outperform to Neutral, with a price target reduced from $65 to $57. Click Here for more color.
Cumberland Pharma (Nasdaq: CPIX) downgraded by several firms today:
NEW COVERAGE
Wedbush initiates coverage on Google Inc. (Nasdaq: GOOG) with an Underperform rating, and $525 price target. Click Here for more color.
Deutsche Bank initiates coverage on Cooper Industries (NYSE: CBE) with a Buy rating and $60 price target. Click Here for more color.
BofA/Merrill Lynch initiates coverage on New Gold (NYSE Amex: NGD) with a Buy rating. Price target C$7.65.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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BofA/Merrill Lynch upgrades Target (NYSE: TGT) from Neutral to Buy, with a price target increased from $57 to $61.
J.P. Morgan upgrades Agrium (NYSE: AGU) from Neutral to Overweight, and their price target increased from $70 to $75.
Goldman Sachs upgraded CF Industries (NYSE: CF) from Neutral to its Conviction Buy List, saying ag stocks have more room to run.
BGC Partners upgrades Microsoft (Nasdaq: MSFT) from Hold to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
J.P. Morgan downgrades Mosaic Company (NYSE: MOS) from Overweight to Neutral, and $52 price target.
BGC Partners downgrades Yahoo! (Nasdaq: YHOO) from Buy to Hold.
Wedbush has downgraded shares of Research In Motion (Nasdaq: RIMM) from Outperform to Neutral, with a price target reduced from $65 to $57. Click Here for more color.
Cumberland Pharma (Nasdaq: CPIX) downgraded by several firms today:
- Wells Fargo lowers from Outperform to Market Perform and reduces the valuation range from $16 - $18 to $6 - $8. Click Here for more color.
- Jefferies & Co downgrades Cumberland Pharmaceuticals (Nasdaq: CPIX) from Buy to Hold and a price target slashed from $13 to $5.50; and
- Jefferies & Co downgrades Cumberland Pharmaceuticals (Nasdaq: CPIX) from Buy to Hold, and a price target slashed from $13 to $5.50.
NEW COVERAGE
Wedbush initiates coverage on Google Inc. (Nasdaq: GOOG) with an Underperform rating, and $525 price target. Click Here for more color.
Deutsche Bank initiates coverage on Cooper Industries (NYSE: CBE) with a Buy rating and $60 price target. Click Here for more color.
BofA/Merrill Lynch initiates coverage on New Gold (NYSE Amex: NGD) with a Buy rating. Price target C$7.65.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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