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Notable Analyst Rating Changes 10/02: (VLO) (BCS) (ABX) Upgraded; (PGR) (TSLA) (AA) Downgraded

October 2, 2013 10:56 AM EDT Send to a Friend
UPGRADES
Citi upgrades Valero Energy (NYSE: VLO) from Neutral to Buy.

Societe Generale raises Barclays (NYSE: BCS) from Hold to Buy.

Deutsche Bank boosts Barrick Gold (NYSE: ABX) from Hold to Buy, raising its price target from $20 up to $30.

Raymond James moves Merit Medical Systems, Inc. (Nasdaq: MMSI) from Market Perform to Strong Buy with a price target of $16.

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

DOWNGRADES
Barclays downgrades Progressive Corp. (NYSE: PGR) from Equalweight to Underweight with a price target of $26.

Baird cuts Tesla Motors (Nasdaq: TSLA) from Outperform to Neutral with a price target of $187. Click Here for more color.

Credit Suisse lowers Baxter International (NYSE: BAX) from Outperform to Neutral.

Deutsche Bank reduces Alcoa (NYSE: AA) from Hold to Sell, moving price target from $9 to $5.50. Click Here for more color.

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

NEW COVERAGE
Needham & Company starts Hologic (Nasdaq: HOLX) with a Buy and $26 price target. Click Here for more color.

B. Riley begins Arotech Corp (Nasdaq: ARTX) with a Buy and $3.70 price target.

FBR Capital starts American Eagle Outfitters (NYSE: AEO) at Market Perform and price target of $15. Click Here for more color.

Goldman Sachs resumes Sanmina-SCI Corp. (Nasdaq: SANM) at Sell rating and $15.50. Click Here for more color.

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

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Credit Suisse, Deutsche Bank, Citi, Raymond James, Robert W Baird, Needham & Company, B. Riley, Barclays, Notable Analyst Rating Changes, Tesla

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