Notable Analyst Rating Changes 09/13: (AET) (INTC) (SWY) Upgraded; (ALU) (TEVA) (RIG) Downgraded

September 13, 2013 10:20 AM EDT Send to a Friend
UPGRADES
BofA/Merrill Lynch lifts Aetna (NYSE: AET) from Neutral to Buy.

Jefferies upgrades Intel (Nasdaq: INTC) from Hold to Buy, adjusting its price target from $27 to $30. Click Here for more color.

Credit Suisse moves SAFEWAY (NYSE: SWY) from Underperform to Outperform. Click Here for more color.

B. Riley boosts Oclaro (Nasdaq: OCLR) from Neutral to Buy, moving its price target from $1.31 up to $2.40.

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

DOWNGRADES
BMO Capital downgrades Alcatel-Lucent (NYSE: ALU) from Outperform to Market Perform, but raised its price target from $3 to $4.

JPMorgan cuts Teva Pharma (NYSE: TEVA) from Overweight to Neutral, moving its price target from $45 to $43.

Bernstein reduces Transocean (NYSE: RIG) from Outperform to Market Perform.

JPMorgan drops Approach Resources (Nasdaq: AREX) from Overweight to Underweight, adjusting price target from $38.50 to $25.50.

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

NEW COVERAGE
Craig-Hallum begins Rockwell Medical Technologies (Nasdaq: RMTI) at Buy and price target of $16.

Cowen initiates Walgreen (NYSE: WAG) with an Outperform and $62 price target.

Sterne Agee assumes Urban Outfitters, Inc. (Nasdaq: URBN) at Buy and $45 target.

Wunderlich Securities starts MRC Global (NYSE: MRC) with a Buy and $33 price target.

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

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Credit Suisse, JPMorgan, Jefferies & Co, Merrill Lynch, Bank of America, BMO Capital, B. Riley, Sterne Agee, Notable Analyst Rating Changes, Cowen & Co, Wunderlich Securities

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