Notable Analyst Rating Changes 08/24: (USG) (TCB) (BMY) Upgraded; (ADSK) (GGP) (BIG) Downgraded

August 24, 2012 10:50 AM EDT Send to a Friend
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UPGRADES
Longbow Research raises USG Corp. (NYSE: USG) from Neutral to Buy, moving its price target from $20 up to $26.

BMO Capital boosts TCF Financial (NYSE: TCB) from Market Perform to Outperform with a price target of $13.

BofA/Merrill Lynch upgrades Bristol-Myers Squibb Co. (NYSE: BMY) from Neutral to Buy.

Goldman Sachs raises Frontline Ltd. (NYSE: FRO) from Sell to Neutral. Click Here for more color.

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

DOWNGRADES
Three firms cut ratings on Autodesk (Nasdaq: ADSK):
  • BofA/Merrill Lynch from Neutral to Underperform;

  • JPMorgan from Overweight to Neutral, moving its price target from $43 down to $32.50; and

  • Canaccord Genuity from Buy to Hold, dropping its price target to $32, from $47 prior. Click Here for more color.
UBS downgrades General Growth Properties (NYSE: GGP) from Neutral to Sell.

Benchmark lowers Big Lots (NYSE: BIG) from Buy to Hold with a price target of $33. Click Here for more color.

Morgan Stanley cuts Staples, Inc. (Nasdaq: SPLS) from Overweight to Equalweight.

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

NEW COVERAGE
ThinkEquity starts PDL BioPharma (Nasdaq: PDLI) with a Hold and $7 target.

Stifel Nicolaus assumes Threshold Pharmaceuticals (Nasdaq: THLD) at Buy and $13 price target.

Barclays resumes Kinder Morgan (NYSE: KMI) at Overweight and $40 target.

William Blair begins VirnetX Holding (NYSE: VHC) with an Outperform.

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

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Stifel Nicolaus, UBS, William Blair, JPMorgan, Morgan Stanley, Merrill Lynch, Bank of America, ThinkEquity, BMO Capital, Barclays, Longbow Research, Notable Analyst Rating Changes, Canaccord Genuity

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