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Notable Analyst Rating Changes 12/14: ABC, CMCSA, COV, AMGN Upgraded; MFN, TSO, VECO, CAKE Downgraded

December 14, 2010 10:56 AM EST
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.

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

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Goldman Sachs Conviction Buy List, Credit Suisse, Piper Jaffray, Citi, Jefferies & Co, Merrill Lynch, Bank of America, Sanford C. Bernstein, Janney Montgomery Scott, Nomura, TD Newcrest, Ladenburg Thalmann Financial Services, Notable Analyst Rating Changes

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