Notable Analyst Rating Changes 12/10: VALE, TOL, MEE, TROW, DKS Upgraded; NVS, AES, MEE, VIV Downgraded
UPGRADES:
JPMorgan has upgraded shares of Brazil's Vale (NYSE: VALE) from Neutral to Overweight, and raised their price target from $24.50 to $35.50.
Stifel Nicolaus has upgraded Toll Brothers (NYSE: TOL) from Sell to Hold.
JPMorgan upgrades Massey Energy (NYSE: MEE) from Neutral to Overweight. The firm raised its price target from $31 to $42.
Jefferies upgrades T. Rowe Price (NASDAQ: TROW) from Hold to Buy, also boosting its price target from $54 to $60.
BofA Merrill Lynch upgrades Dick's Sporting Goods (NYSE: DKS) from Neutral to Buy, also boosting its price target from $23 to $28.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Societe Generale downgrades Novartis (NYSE: NVS) from Buy to Hold.
Argus downgrades AES Corp (NYSE: AES) from Buy to Hold.
BMO Capital downgrades Massey Energy (NYSE: MEE) from Outperform to Market Perform.
Bank of American downgrades Vivo Participacoes S.A. (NYSE: VIV) from Buy to Neutral. Price target increased from $29 to $34.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
AOL’s (NYSE: AOL) IPO has onslaught of rating initiations:
- Miller Tabak starts the Company at Buy and a price target of $32;
- UBS starts AOL at Neutral, with a price target of $24;
- AmTech starts AOL at Neutral with a $25 price target; and
- Merriman Curhan Ford started AOL at Sell. Click Here for more color from Merriman.
Jefferies & Co initiates coverage on Viacom (NYSE: VIA-B) with a Buy rating. Price target $40.
Bank of America initiates coverage on Jabil Circuit (NYSE: JBL) with a Buy rating. Price target $16.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Create E-mail AlertRelated Categories
Special ReportsStocks Mentioned
+0.04
-0.22Related Entities
- Stifel Nicolaus
- UBS
- JPMorgan
- Jefferies & Co
- Merrill Lynch
- Bank of America
- BMO Capital
- Merriman Curhan Ford
- American Technology Research
- Argus
- Notable Analyst Rating Changes
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
