Notable Analyst Rating Changes 08/24: (USG) (TCB) (BMY) Upgraded; (ADSK) (GGP) (BIG) Downgraded
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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):
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.
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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.
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
Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.
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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 GenuityLogin with Facebook
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