Notable Analyst Rating Changes 11/13: GT, QCOM, JNPR, ATK, CRM Upgraded; SUN, V, AAP, PWRD Downgraded

November 13, 2009 11:44 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Goodyear Tire & Rubber Co. (NYSE: GT) from Neutral to Buy, and raised the 6-month price target from $17 - $19.

Wells Fargo upgrades QUALCOMM Inc. (NASDAQ: QCOM) to Outperform. Valuation Range increased to $50-$60 from $40-$46.

Oppenheimer upgrades Juniper Networks Inc (NASDAQ: JNPR) from Market Perform to Outperform with a $31 price target.

Goldman Sachs upgraded Alliant Techsystems (NYSE: ATK) from Sell to Neutral.

Caris & Co upgrades Salesforce.com (NYSE: CRM) to Above Average. Price target increased from $47 to $68.

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

DOWNGRADES:
Goldman Sachs downgraded Sunoco (NYSE: SUN) to Sell and added it to their Conviction Sell List.

Duncan-Williams downgrades Visa, Inc. (NYSE: V) from Strong Buy to Buy. Price Target: $90.00. Click Here for more color.

Goldman Sachs downgrades Advance Auto Parts Inc. (NYSE: AAP) from Buy to Neutral.

Pali Research downgrades Perfect World (NASDAQ: PWRD) from Buy to Neutral on valuation. For more color, Click Here.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on several companies :

• Las Vegas (NYSE: LVS) with a Buy;
  
  
• Wynn (NASDAQ: WYNN) with Buy;
  
  
• MGM (NYSE: MGM) with a Hold.
  
  
• Int'l Game Technology (NYSE: IGT) with a Buy. Price target $25.
  
  
• WMS Industries (NYSE: WMS) with a Buy rating. Price target $56.

Piper Jaffray also initiated coverage on several companies, including:

• FedEx (NYSE: FDX) with an Overweight;
  
  
• United Parcel Service (NYSE: UPS) with a Neutral;
  
  
• C.H. Robinson (NASDAQ: CHRW) with a Neutral;
  
  
• Ryder System (NYSE: R) with a Neutral;
  
  
• Con-Way (NYSE: CNW) with an Underweight.

Credit Suisse initiates Fifth Third Bancorp (NASDAQ: FITB) with an Outperform rating and $15 price target.

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

Create E-mail AlertRelated Categories

Special Reports

Stocks Mentioned

Related Entities

• Goldman Sachs Conviction Sell List
• Credit Suisse
• Piper Jaffray
• Deutsche Bank
• Pali Research
• Notable Analyst Rating Changes
• EIM Group

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?