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Notable Analyst Rating Changes 12/14: XOM, GCI, V, RSH, MJN Upgraded; PCL, TOT, PMCS, BXS, VLY Downgraded

December 14, 2009 10:56 AM EST
UPGRADES:
Societe Generale upgrades Exxon Mobil (NYSE: XOM) from Hold to Buy, with an $84 price target.

Benchmark upgrades Gannett (NYSE: GCI) from Hold to Buy, price target increased from $16 to $18. For more color, Click Here.

Robert W. Baird upgrades Visa (NYSE: V) from Neutral to Outperform and raises their price target from $66 to $100.

Barclays upgrades RadioShack (NYSE: RSH) from Equalweight to Overweight. Price target increased by $5 to $25.

Credit Suisse upgrades Mead Johnson (NYSE: MJN) from Neutral to Outperform.

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

DOWNGRADES:

UBS downgrades Plum Creek Timber (NYSE: PCL) from Buy to Neutral. Price target raised from $34 to $37.

Barclays downgrades TOTAL (NYSE: TOT) from Overweight to Equalweight.

Barclays downgrades PMC-Sierra (NASDAQ: PMCS) from Overweight to Equalweight. Price target $9.

J.P. Morgan downgrades two Regional Banks:
  • BancorpSouth (NYSE: BXS) from Neutral to Underweight, lowers price target from $27 to $24; and

  • VallValley National Bancorp (NYSE: VLY) to Neutral from Underweight, price target $13.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Bank of America resumes coverage on two Regional Banks:
  • BB&T Corp. (NYSE: BBT) with a Buy rating and $32 price target; and

  • PNC Finance (NYSE: PNC) also with a Buy rating and $62 price target.
Credit Suisse initiates coverage on AOL Inc. (NYSE: AOL) with an Underperform rating. Price target $20.

Bank of America resumes coverage on DENTSPLY (NASDAQ: XRAY) with a Buy rating. Price target $40.

Deutsche Bank initiates coverage on ARM Holdings (NASDAQ: ARMH) with a Buy rating. Target price 200p. Click Here for more color.

Bank of America initiates coverage on CarMax (NYSE: KMX) with a Buy rating. Price target $26.

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

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Credit Suisse, Deutsche Bank, UBS, JPMorgan, Robert W Baird, Bank of America, Barclays, BB&T Capital Markets, Notable Analyst Rating Changes

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