Notable Analyst Rating Changes 10/06: GS, PTV, KOF, AMX, GLW, GIS Upgraded; DVN, CHK, REP
Down)
UPGRADES:
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.
Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.
Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.
Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.
UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.
Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.
Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.
Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target
Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.
Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.
RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.
Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.
Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.
Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.
Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.
Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.
Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.
UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.
Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.
Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.
Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target
Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.
Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.
RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.
Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.
Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.
Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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