Notable Analyst Rating Changes 10/05: WFC, COP, GD, RIMM, BBT, UCTT Upgraded; AMD, VLO, AMAG, PAY Downgraded
UPGRADES:
Goldman Sachs upgraded Wells Fargo (NYSE: WFC) from Neutral to Buy and raised their price target from $31 to $35, saying the company is the big winner this cycle on change in tangible assets per share.
Deutsche Bank upgrades ConocoPhillips (NYSE: COP) to Buy. Price target $55. Click here for the full report.
Morgan Stanley upgrades General Dynamics (NYSE: GD) from Equal Weight to Overweight.
Needham & Co. upgrades Research In Motion (Nasdaq: RIMM) from Hold to Buy. The firm set an $85 price target.
Morgan Keegan upgrades BB&T Corp. (NYSE: BBT) from Market Perform to Outperform.
Needham & Co upgrades Ultra Clean Holdings (Nasdaq: UCTT) to Buy from Hold. Price target $8.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
FBR Research downgrades Advanced Micro (NYSE: AMD) to Market Perform. Price target $6. Click here to see the full report.
Deutsche Bank downgrades Valero Energy (NYSE: VLO) to Sell.
Jefferies & Co downgrades AMAG Pharmaceuticals (Nasdaq: AMAG) from Buy to Hold.
Wedbush Morgan downgrades VeriFone (NYSE: PAY) from Neutral to Underperform. Price target $12. Click here for more color on the downgrade.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
HSBC initiates coverage on ArcelorMittal (NYSE: MT) with an Overweight. Price target $46.
Bank of America initiates coverage on Sybase (NYSE: SY) with a Buy. Price target $45.
SunTrust initiates coverage on Wendy's (NYSE: WEN) with a Buy. Price target $6.
Brigantine Advisors initiates coverage on Texas Instruments (NYSE: TXN) with a Hold.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Deutsche Bank
- Morgan Stanley
- Jefferies & Co
- Needham & Co
- Banc of America
- Wedbush Morgan
- BB&T Capital Markets
- HSBC
- Morgan Keegan & Company
- Notable Analyst Rating Changes
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