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Notable Analyst Rating Changes 12/15: HCP, FHN, TROW, NWL, HTZ Upgraded; MXIM, BBY, JBHT, TSO Downgraded

December 15, 2010 10:47 AM EST
HCP Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

Dividend Yield: 4.9%
UPGRADES
HCP, Inc. (NYSE: HCP) increased at two firms:
  • Baird from Neutral to Outperform, with a price target increased from $32 to $37; and

  • Sandler O’Neill from Hold to Buy, increasing their price target from $36 to $38.
Morgan Keegan upgrades First Horizon National (NYSE: FHN) from Market Perform to Outperform, increasing their price target to $14.

Goldman Sachs upgrades T. Rowe Price (Nasdaq: TROW) from Neutral to Conviction Buy list and raised their price target from $55 to $80. Click Here for more color.

Morgan Stanley upgraded Newell Rubbermaid (NYSE: NWL) to an Overweight rating from its previous rating of Equal Weight.

Barclays upgraded Hertz Global (NYSE: HTZ) to an Overweight rating from its previous rating of Equal Weight, with a price target increased from $15 to $20.

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

DOWNGRADES
Needham & Company downgraded Maxim Integrated Products (Nasdaq: MXIM) from Strong Buy to Buy, with a price target of $29. Click Here for more color.

Best Buy (NYSE: BBY) downgraded by two today:
  • Raymond James from Strong Buy to Market Perform (two notch move); and

  • Oppenheimer from Outperform to Perform, with a price target dropped from $53 to $39.


Stifel Nicolaus downgraded J.B. Hunt Transport Services (Nasdaq: JBHT) from Buy to Hold.

Howard Weil downgraded Tesoro Corporation (NYSE: TSO) from Market Outperform to Market Perform, increasing their price target from $15 to $20.

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

NEW COVERAGE
Goldman Sachs resumes coverage on Whole Foods Market (Nasdaq: WFMI) with a Neutral rating and $47 price target. Click Here for more color.

UBS initiates coverage on General Motors (NYSE: GM) with a Neutral rating and $37 price target. Click Here for more color.

JPMorgan resumes coverage on National Instruments (Nasdaq: NATI) with a Overweight, and $42 price target.

Citi initiates coverage on US Airways Group (NYSE: LCC) with a Hold, while setting a price target of $12.50.

Primo Water Corp. (Nasdaq: PRMW) initiated by several fims today:
  • Janney Montgomery Scott with a Buy, and $19 price target. Click Here for more color;

  • Stifel Nicolaus with a Buy rating and a price target of $16;

  • BB&T Capital with a Buy rating and a price target of $20; and

  • Signal Hill with a Buy.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Goldman Sachs Conviction Buy List, Stifel Nicolaus, UBS, JPMorgan, Citi, Raymond James, Morgan Stanley, Robert W Baird, Needham & Company, Janney Montgomery Scott, Barclays, BB&T Capital Markets, Morgan Keegan & Company, Notable Analyst Rating Changes, Signal Hill

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