Notable Analyst Rating Changes 10/01: AA, CHU, BIG, BHI, OMX, FRPT Upgraded; SKS, RVSN, KBH, NVDA, PMCS, A Downgraded
UPGRADES:
Detusche Bank upgrades Alcoa (NYSE: AA) from Hold to Buy. Click here for the full report.
Credit Suisse upgrades China Unicom (NYSE: CHU) to Outperform.
JP Morgan upgrades Big Lots (NYSE: BIG) from Neutral to Overweight. Price target $30.
Sanford Bernstein raised its investment rating on Baker Hughes (NYSE: BHI) from Market Perform to Outperform.
FTN Capital upgrades OfficeMax (NYSE: OMX) from Neutral to Buy. Price target $18.
Collins Stewart upgrades Force Protection (Nasdaq: FRPT) to Buy. Price target $7. Click here to see some more color on the upgrade.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
JPMorgan downgrades Saks (NYSE: SKS) from Overweight to Neutral, maintaining its $7 price target.
RadVision (Nasdaq: RVSN) downgraded at Morgan Keegan, RBC, Cantor Fitzgerald and Oscar Gruss.
Credit Suisse downgrades KB Home (NYSE: KBH) from Outperform to Neutral.
JPMorgan downgrades NVIDIA Corp. (Nasdaq: NVDA) from Neutral to Underweight. The firm maintained an $11.50 price target.
Goldman Sachs downgrades PMC-Sierra, Inc. (Nasdaq: PMCS) from Buy to Neutral.
Thomas Weisel downgrades Agilent Technologies (NYSE: A) from Overweight to Marketweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Opperheimer starts Chesapeake (NYSE: CHK) at Outperform and Range Resources (NYSE: RRC) at Market Perform.
Soleil Securities initiated coverage on the major casino operators last night: Las Vegas Sands (NYSE: LVS) with a Buy rating and $20 price target, MGM MIRAGE (NYSE: MGM) with a Hold rating and $13 price target and Wynn Resorts (Nasdaq: WYNN) with a Hold rating and $80 price target.
Sandler O'Neill initiates coverage on AFLAC (NYSE: AFL) with a Hold rating. Price target $46.
Rodman & Renshaw initiating coverage on Star Bulk Carriers Corp. (NASDAQ: SBLK) with a Market Outperform. Price target $5.50.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Detusche Bank upgrades Alcoa (NYSE: AA) from Hold to Buy. Click here for the full report.
Credit Suisse upgrades China Unicom (NYSE: CHU) to Outperform.
JP Morgan upgrades Big Lots (NYSE: BIG) from Neutral to Overweight. Price target $30.
Sanford Bernstein raised its investment rating on Baker Hughes (NYSE: BHI) from Market Perform to Outperform.
FTN Capital upgrades OfficeMax (NYSE: OMX) from Neutral to Buy. Price target $18.
Collins Stewart upgrades Force Protection (Nasdaq: FRPT) to Buy. Price target $7. Click here to see some more color on the upgrade.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
JPMorgan downgrades Saks (NYSE: SKS) from Overweight to Neutral, maintaining its $7 price target.
RadVision (Nasdaq: RVSN) downgraded at Morgan Keegan, RBC, Cantor Fitzgerald and Oscar Gruss.
Credit Suisse downgrades KB Home (NYSE: KBH) from Outperform to Neutral.
JPMorgan downgrades NVIDIA Corp. (Nasdaq: NVDA) from Neutral to Underweight. The firm maintained an $11.50 price target.
Goldman Sachs downgrades PMC-Sierra, Inc. (Nasdaq: PMCS) from Buy to Neutral.
Thomas Weisel downgrades Agilent Technologies (NYSE: A) from Overweight to Marketweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Opperheimer starts Chesapeake (NYSE: CHK) at Outperform and Range Resources (NYSE: RRC) at Market Perform.
Soleil Securities initiated coverage on the major casino operators last night: Las Vegas Sands (NYSE: LVS) with a Buy rating and $20 price target, MGM MIRAGE (NYSE: MGM) with a Hold rating and $13 price target and Wynn Resorts (Nasdaq: WYNN) with a Hold rating and $80 price target.
Sandler O'Neill initiates coverage on AFLAC (NYSE: AFL) with a Hold rating. Price target $46.
Rodman & Renshaw initiating coverage on Star Bulk Carriers Corp. (NASDAQ: SBLK) with a Market Outperform. Price target $5.50.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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