Notable Analyst Rating Changes 08/28: (LLY) (MTX) (SDRL) Upgraded; (AKS) (KLAC) (ASML) Downgraded

August 28, 2012 10:46 AM EDT Send to a Friend
UPGRADES
Atlantic Equities upgrades Eli Lilly (NYSE: LLY) from Underweight to Overweight.

First Analysis lifts Minerals Technologies (NYSE: MTX) from Equal Weight to Overweight.

Natixis raises Seadrill Ltd. (NYSE: SDRL) from Reduce to Hold.

First Analysis lifts Minerals Technologies (NYSE: MTX) from Equal Weight to Overweight.

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

DOWNGRADES
UBS trims AK Steel (NYSE: AKS) from Neutral to Sell, cutting its price target from $5.50 to $4. Click Here for more color.

Deutsche Bank downgrades KLA-Tencor (Nasdaq: KLAC) from Hold to Sell, moving its price target from $56 down to $44. Click Here for more color.

Guggenheim reduces Hudson City Bancorp (Nasdaq: HCBK) from Buy to Neutral

Deutsche Bank lowers ASML Inc. (Nasdaq: ASML) from Hold to Sell. Click Here for more color.

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

NEW COVERAGE
CLSA starts Ford (NYSE: F) with a Outperform and $11.

UBS commences Freescale Semiconductor (NYSE: FSL) with a Neutral and $11.75 target.

Globus Medical (NYSE: GMED) started by a handful of firms:
  • Goldman Sachs at Buy rating and $18 price target. Click Here for more color;

  • BofA/Merrill Lynch with a Buy rating and $17 target. Click Here for more color;

  • Canaccord Genuity at Buy and $20 target. Click Here for more color; and

  • Piper Jaffray with an Overweight and price target of $18.
Brean Murray Carret & Co. assumes MGM Resorts (NYSE: MGM) with a Hold. Click Here for more color.

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