Notable Analyst Rating Changes 12/14: ABC, CMCSA, COV, AMGN Upgraded; MFN, TSO, VECO, CAKE Downgraded
UPGRADES
Goldman Sachs upgraded AmerisourceBergen (NYSE: ABC) to its Conviction Buy list. Click Here for more color.
Sanford C. Bernstein upgrades Comcast (Nasdaq: CMCSA) from Market Perform to Outperform, with a price target boosted from $20 to $26.
Goldman Sachs upgraded Covidien Ltd (NYSE: COV) from Neutral to Buy and raised their price target form $49 to $53. Click Here for more color.
Piper Jaffray upgraded Amgen (Nasdaq: AMGN) from Neutral to Overweight, with a price target increased from $63 to $74.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
TD Newcrest downgraded Minefinders Corp. (NYSE: MFN) from Hold to Reduce. Click Here for more color.
BofA/Merrill Lynch downgraded Tesoro Corporation (NYSE: TSO) to a Neutral rating from its previous rating of Buy.
Citigroup downgrades Veeco Instruments Inc. (Nasdaq: VECO) from Buy to Hold, lowering their price target on the shares from $52 to $50. Click Here for more color.
Janney Montgomery Scott downgrades Cheesecake Factory (Nasdaq: CAKE) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Janney Montgomery Scott initiates coverage on EMC (NYSE: EMC) with a Buy, and a $26 price target. Click Here for more color.
Jefferies initiates coverage on ExxonMobil (NYSE: XOM) with a Hold rating and a price target of $75. Click Here for more color.
BofA/Merrill Lynch initiates coverage on Costamare Inc. (NYSE: CMRE) with a Buy rating and a price target of $18.
Nomura Securities initiates coverage on AT&T (NYSE: T) with a Buy rating and $34 price target. Click Here for more color.
Credit Suisse initiates coverage on Mylan Inc. (NASDAQ: MYL) with a Outperform, and a $25 price target.
Ladenburg Thalmann initiates coverage on SandRidge Energy Inc. (NYSE: SD) with a Buy, with a price target of $8.
Macquarie initiates coverage on Caterpillar (NYSE: CAT) with an Outperform rating and a price target of $115.
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Goldman Sachs upgraded AmerisourceBergen (NYSE: ABC) to its Conviction Buy list. Click Here for more color.
Sanford C. Bernstein upgrades Comcast (Nasdaq: CMCSA) from Market Perform to Outperform, with a price target boosted from $20 to $26.
Goldman Sachs upgraded Covidien Ltd (NYSE: COV) from Neutral to Buy and raised their price target form $49 to $53. Click Here for more color.
Piper Jaffray upgraded Amgen (Nasdaq: AMGN) from Neutral to Overweight, with a price target increased from $63 to $74.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
TD Newcrest downgraded Minefinders Corp. (NYSE: MFN) from Hold to Reduce. Click Here for more color.
BofA/Merrill Lynch downgraded Tesoro Corporation (NYSE: TSO) to a Neutral rating from its previous rating of Buy.
Citigroup downgrades Veeco Instruments Inc. (Nasdaq: VECO) from Buy to Hold, lowering their price target on the shares from $52 to $50. Click Here for more color.
Janney Montgomery Scott downgrades Cheesecake Factory (Nasdaq: CAKE) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Janney Montgomery Scott initiates coverage on EMC (NYSE: EMC) with a Buy, and a $26 price target. Click Here for more color.
Jefferies initiates coverage on ExxonMobil (NYSE: XOM) with a Hold rating and a price target of $75. Click Here for more color.
BofA/Merrill Lynch initiates coverage on Costamare Inc. (NYSE: CMRE) with a Buy rating and a price target of $18.
Nomura Securities initiates coverage on AT&T (NYSE: T) with a Buy rating and $34 price target. Click Here for more color.
Credit Suisse initiates coverage on Mylan Inc. (NASDAQ: MYL) with a Outperform, and a $25 price target.
Ladenburg Thalmann initiates coverage on SandRidge Energy Inc. (NYSE: SD) with a Buy, with a price target of $8.
Macquarie initiates coverage on Caterpillar (NYSE: CAT) with an Outperform rating and a price target of $115.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Visit our new Ratings Central portal to get the most comprehensive and up-to-date analyst coverage on the Street.
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