Notable Analyst Rating Changes 12/11: RTP, TEF, WW Upgraded; JNS, FDRY, ERIC Downgraded
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UPGRADES:
Deutsche Bank upgrades Rio Tinto (NYSE: RTP) to Buy. Price target increased to $52.85 from $42.
Credit Suisse upgrades Telefonica (NYSE: TEF) from Neutral to Outperform.
Deutsche Bank upgrades Watson Wyatt (NYSE: WW) to Buy. Price target increased from $45 to $50.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades Janus Capital (NYSE: JNS) from Neutral to Underperform.
Jefferies & Co downgrades Foundry Networks (Nasdaq: FDRY) to Hold.
Merrill Lynch downgrades Ericsson (Nasdaq: ERIC) from Buy to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
UBS initiates coverage on Key Energy Services Inc. (NYSE: KEG) with a Neutral rating and $5.50 price target.
Cantor Fitzgerald initiates coverage on Red Hat Inc. (NYSE: RHT) with a Hold. Price target $15.
Jefferies & Co initiates coverage on Brocade Communications (Nasdaq: BRCD) with a Hold.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Deutsche Bank upgrades Rio Tinto (NYSE: RTP) to Buy. Price target increased to $52.85 from $42.
Credit Suisse upgrades Telefonica (NYSE: TEF) from Neutral to Outperform.
Deutsche Bank upgrades Watson Wyatt (NYSE: WW) to Buy. Price target increased from $45 to $50.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades Janus Capital (NYSE: JNS) from Neutral to Underperform.
Jefferies & Co downgrades Foundry Networks (Nasdaq: FDRY) to Hold.
Merrill Lynch downgrades Ericsson (Nasdaq: ERIC) from Buy to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
UBS initiates coverage on Key Energy Services Inc. (NYSE: KEG) with a Neutral rating and $5.50 price target.
Cantor Fitzgerald initiates coverage on Red Hat Inc. (NYSE: RHT) with a Hold. Price target $15.
Jefferies & Co initiates coverage on Brocade Communications (Nasdaq: BRCD) with a Hold.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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