Notable Analyst Rating Changes 12/01: PRU, TOL, DO, WLP Upgraded; SNP, LTD, COG, ADM Downgraded
UPGRADES:
Citi upgrades Prudential Financial (NYSE: PRU) from Hold to Buy. Price target slashed from $80 to $30.
Credit Suisse upgrades Toll Bros. (NYSE: TOL) from Underperform to Neutral.
Merrill Lynch upgrades Diamond Offshore (NYSE: DO) from Neutral to Buy.
Merrill Lynch upgrades WellPoint (NYSE: WLP) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrade China Petroleum & Chemical Corp. (NYSE: SNP) from Buy to Neutral and removed the stock from its Conviction Buy List, citing weaker Chinese demand and potential for fuel-price cuts.
Citi downgrades Limited Brands (NYSE: LTD) to Hold. Price target $9.50.
Morgan Stanley downgrades Cabot Oil (NYSE: COG) from Overweight to Equalweight.
BMO Capital downgrades Archer Daniels Midland (NYSE: ADM) from Outperform to Market Perform. Price target $30.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Stanley initiates coverage on Occidental Petroleum (NYSE: OXY) with an Equalweight.
Credit Suisse initiates coverage on BHP Billiton (NYSE: BHP) with an Outperform rating.
Citi initiates coverage on ITT Corporation (NYSE: ITT) with a Neutral.
Cowen & Co initiates coverage on Compuware (Nasdaq: CPWR) with a Neutral.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Goldman Sachs Conviction Buy List
- Credit Suisse
- Goldman Sachs
- Citi
- Morgan Stanley
- Merrill Lynch
- BMO Capital
- Notable Analyst Rating Changes
- Cowen & Co
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