Notable Analyst Rating Changes 08/31: (TSO) (CISG) (LEN) Upgraded; (TM) (WOR) (JEF) Downgraded
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UPGRADES
RBC Capital upgrades Tesoro Corporation (NYSE: TSO) from Sector Perform to Outperform, price target raised from $28 to $30.
Piper Jaffray lifts CNinsure Inc. (Nasdaq: CISG) from Underweight to Neutral, maintaining a price target of $10.
UBS upgraded Lennar (NYSE: LEN) from Neutral to Buy with a price target of $21. Click Here for more color.
Goldman Sachs raises Reliance Steel & Aluminum (NYSE: RS) from Neutral to Buy, its price target lowered from $60 to $52. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Credit Suisse downgrades Toyota Motor (NYSE: TM) from Outperform to Neutral.
Goldman Sachs lowers Worthington Industries (NYSE: WOR) from Neutral to Sell moving its 6-month price target from $24 to $14. Click Here for more color.
Rochdale Securities' Dick Bove downgrades Jefferies Group (NYSE: JEF) from Buy to Neutral.
Goldman Sachs reduces Steel Dynamics (Nasdaq: STLD) from Buy to Neutral with a 6-month price target lowered from $20 to $14.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Wells Fargo initiates Citrix Systems (Nasdq: CTXS) with an Outperform, valuation range of $65 to $70. Click Here for more color.
Francesca's Holdings (Nasdaq: FRAN) started by several firms today:
Hilliard Lyons initiates Kroger (NYSE: KR) with a Buy, and $27 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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RBC Capital upgrades Tesoro Corporation (NYSE: TSO) from Sector Perform to Outperform, price target raised from $28 to $30.
Piper Jaffray lifts CNinsure Inc. (Nasdaq: CISG) from Underweight to Neutral, maintaining a price target of $10.
UBS upgraded Lennar (NYSE: LEN) from Neutral to Buy with a price target of $21. Click Here for more color.
Goldman Sachs raises Reliance Steel & Aluminum (NYSE: RS) from Neutral to Buy, its price target lowered from $60 to $52. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Credit Suisse downgrades Toyota Motor (NYSE: TM) from Outperform to Neutral.
Goldman Sachs lowers Worthington Industries (NYSE: WOR) from Neutral to Sell moving its 6-month price target from $24 to $14. Click Here for more color.
Rochdale Securities' Dick Bove downgrades Jefferies Group (NYSE: JEF) from Buy to Neutral.
Goldman Sachs reduces Steel Dynamics (Nasdaq: STLD) from Buy to Neutral with a 6-month price target lowered from $20 to $14.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Wells Fargo initiates Citrix Systems (Nasdq: CTXS) with an Outperform, valuation range of $65 to $70. Click Here for more color.
Francesca's Holdings (Nasdaq: FRAN) started by several firms today:
- Goldman Sachs at Neutral and 6-month price target of $27. Click Here for more color;
- RBC Capital with an Outperform, and $30 price target;
- Stifel Nicolaus with a Hold; and
- Jefferies at Buy and $32 price target. Click Here for more color.
Hilliard Lyons initiates Kroger (NYSE: KR) with a Buy, and $27 price target.
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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Credit Suisse, Piper Jaffray, Stifel, UBS, Jefferies & Co, RBC Capital, Barclays, Richard Bove, Hilliard Lyons, Notable Analyst Rating Changes, Wells FargoSign up for StreetInsider Free!
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