Notable Analyst Rating Changes 11/12: BBBY, PAG, ROK Upgraded; EGLE, FMCN, BRCM Downgraded
UPGRADES:
Goldman Sachs upgrades Bed Bath & Beyond (Nasdaq: BBBY) from Neutral to Buy.
Goldman Sachs upgrades Penske Auto (NYSE: PAG) from Neutral to Buy.
Citi upgrades Rockwell Automation Inc (NYSE: ROK) from Sell to Hold.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades Eagle Bulk Shipping (Nasdaq: EGLE) from Buy to Underperform.
Deutsche Bank downgrades Focus Media (Nasdaq: FMCN) from Buy to Hold. Price target $9.34.
Morgan Stanley downgrades Broadcom (Nasdaq: BRCM) from Equalweight to Underweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Oppenheimer initiates covearge on Archer Daniels Midland (NYSE: ADM) with an Outperform rating and $30 price target.
Needham & Co initiates coverage on Gilead Sciences Inc. (Nasdaq: GILD) with a Buy. Price target $51.
Pali Research initiates coverage on Abercromie & Fitch (NYSE: ANF) with a Sell. Price target $18.
Collins Stewart initiates coverage on MEMC Electronic Materials (NYSE: WFR) with a Buy. Price target $27.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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- Deutsche Bank
- Goldman Sachs
- Citi
- Morgan Stanley
- Merrill Lynch
- Needham & Company
- Pali Research
- Collins Stewart
- Notable Analyst Rating Changes
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