Notable Analyst Rating Changes 09/02: HPQ, RTP, MPEL, ZUMZ Upgraded; PPL, VALE, CRH, AMPH Downgraded
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UPGRADES
JMP Securities upgrades Hewlett-Packard (NYSE: HPQ) from Market Perform to Outperform.
RBC Capital upgrades Rio Tinto plc (NYSE: RTP) from Sector Perform to Outperform.
Morgan Stanley upgrades Melco Crown Entertainment Ltd. (Nasdaq: MPEL) from Equal Weight to Overweight and raised their price target to $5.
Caris upgrades Zumiez (Nasdaq: ZUMZ) from Above Average to Buy with a $25 price target, following SSS after the close.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Citi downgrades PPL Corp (NYSE: PPL) from Buy to Hold. PT lowered from $30.50 to $28.50. Click Here for more color.
RBC Capital downgrades Vale S.A. (Nasdaq: VALE) from Outperform to Sector Perform with a $32 price target.
Exane BNP Paribas downgrades CRH plc (NYSE: CRH) from Outperform to Neutral.
Raymond James downgrades American Physicians Service (Nasdaq: AMPH) from Outperform to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Kaufman Bros initiates coverage on Clearwire Corporation (Nasdaq: CLWR) with a Buy rating and $8.50 price target. Click Here for more color.
ThinkEquity initiates coverage on Netflix (Nasdaq: NFLX) with a Hold rating.
Deutsche Bank reinstates coverage on Allscripts (Nasdaq: MDRX) with a Hold rating, and price target of $19.50. Click Here for more color.
Leerink Swann resumes coverage on Forest Laboratories (NYSE: FRX) with a Market Perform rating and a valuation of $30 - $31. Click Here for more color.
Global Hunter Securities initiates coverage of ENSCO Plc (NYSE: ESV) with a Neutral rating and price target of $48.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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JMP Securities upgrades Hewlett-Packard (NYSE: HPQ) from Market Perform to Outperform.
RBC Capital upgrades Rio Tinto plc (NYSE: RTP) from Sector Perform to Outperform.
Morgan Stanley upgrades Melco Crown Entertainment Ltd. (Nasdaq: MPEL) from Equal Weight to Overweight and raised their price target to $5.
Caris upgrades Zumiez (Nasdaq: ZUMZ) from Above Average to Buy with a $25 price target, following SSS after the close.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Citi downgrades PPL Corp (NYSE: PPL) from Buy to Hold. PT lowered from $30.50 to $28.50. Click Here for more color.
RBC Capital downgrades Vale S.A. (Nasdaq: VALE) from Outperform to Sector Perform with a $32 price target.
Exane BNP Paribas downgrades CRH plc (NYSE: CRH) from Outperform to Neutral.
Raymond James downgrades American Physicians Service (Nasdaq: AMPH) from Outperform to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Kaufman Bros initiates coverage on Clearwire Corporation (Nasdaq: CLWR) with a Buy rating and $8.50 price target. Click Here for more color.
ThinkEquity initiates coverage on Netflix (Nasdaq: NFLX) with a Hold rating.
Deutsche Bank reinstates coverage on Allscripts (Nasdaq: MDRX) with a Hold rating, and price target of $19.50. Click Here for more color.
Leerink Swann resumes coverage on Forest Laboratories (NYSE: FRX) with a Market Perform rating and a valuation of $30 - $31. Click Here for more color.
Global Hunter Securities initiates coverage of ENSCO Plc (NYSE: ESV) with a Neutral rating and price target of $48.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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