Notable Analyst Rating Changes 12/06: (SBUX) (GGP) (FAST) Upgraded; (FCX) (MET) (PXP) Downgraded

December 6, 2012 10:40 AM EST Send to a Friend
UPGRADES
Baird raises Starbucks (Nasdaq: SBUX) from Neutral to Outperform, boosting its target from $55 up to $62.

UBS lifts General Growth Properties (NYSE: GGP) from Neutral to Buy.

William Blair boosts Fastenal (Nasdaq: FAST) from Market Perform to Outperform.

JPMorgan upgrades Sealed Air (NYSE: SEE) from Neutral to Overweight with a price target of $20.

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

DOWNGRADES
Freeport-McMoRan (NYSE: FCX) lowered by a gaggle of firms Thursday:
  • Citi from Buy to Neutral;

  • RBC Capital from Outperform to Sector Perform;

  • BMO Capital from Outperform to Market Perform;

  • Macquarie from Outperform to Neutral; and

  • Goldman Sachs from Buy to Neutral, moving its price target from $46 down to $38.

Barclays downgrades MetLife (NYSE: MET) from Overweight to Equalweight, moving its target from $42 down to $37.

Plains Exploration (NYSE: PXP) received some analyst attention today as well:
  • CapitalOne from Strong Buy to Neutral;

  • Johnson Rice from Equalweight to Focus List;

  • Raymond James from Outperform to Market Perform; and

  • Global Hunter Securities from Accumulate to Neutral, moving its price target from $58 down to $50.

Raymond James cuts JDS Uniphase (Nasdaq: JDSU) from Outperform to Market Perform.

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

NEW COVERAGE
Goldman Sachs initiates Lions Gate (NYSE: LGF) with a Neutral and $18 price target. Click Here for more color.

BofA/Merrill Lynch reinstates Emerson (NYSE: EMR) at Neutral and $55 price target.

Raymond James begins Apollo Investment (Nasdaq: AINV) at Market Perform.

BofA/Merrill Lynch starts Fusion-io (NYSE: FIO) with a Buy and $30 target.

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

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UBS, William Blair, JPMorgan, Citi, Raymond James, Merrill Lynch, Robert W Baird, Bank of America, BMO Capital, RBC Capital, Johnson Rice, Barclays, Notable Analyst Rating Changes

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