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Notable Analyst Rating Changes 12/17: NWSA, UNM, LNC, PTV Upgraded; ADP, AEM, FGXI, OC Downgrades


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December 17, 2009 10:51 AM EST
UPGRADES:
Pali Research upgrades News Corporation (NASDAQ: NWSA) from Sell to Neutral. Click Here for more color.

Deutsche Bank upgrades Unum (NYSE: UNM) from Hold to Buy. Price target increased from $25 to $26. Click Here for more color.

Morgan Stanley upgrades Lincoln National (NYSE: LNC) from Equalweight to Overweight.

KeyBanc upgrades Pactiv Corporation (NYSE: PTV) from Hold to Buy. Price target $30. Click Here for more color.

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

DOWNGRADES:
Janney Montgomery Scott downgrades Automatic Data Processing (NYSE: ADP) from Buy to Neutral. $47 fair value. For more color, Click Here.

TD Newcrest downgrades Agnico-Eagle Mines Ltd. (NYSE: AEM) from Buy to Hold. Price target lowered from $78 to $68. Click Here for more color.

FGX International (NASDAQ: FGXI) is downgraded by several firms:
  • Jeffries & Co. from Buy to Hold, with a price target of $19.75;

  • Stephens & Co. from Oveweight to Equalweight, with a price target of $20; and

  • SunTrust from Buy to Neutral.
Longbow Research downgrades Owens Corning (NYSE: OC) from Buy to Neutral.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on STR Holdings, Inc. (NYSE: STRI) with a Neutral rating and $15 price target. Click Here for more color.

Bank of America resumes coverage on Kroger (NYSE: KR) with a Neutral rating. Price target $22.

Oppenheimer initiates coverage on Forest Labs (NYSE: FRX) with an Outperform rating. Price target $40.

Jeffries & Co. initiates on several pharma’s:
  • VIVUS (NASDAQ: VVUS) with a Hold and price target of $9;

  • Arena Pharma (NASDAQ: ARNA) with a Hold and price target of $4;

  • ViroPharma (NASDAQ: VPHM) with a Buy and price target of $13;

  • Amylin Pharma (NASDAQ: AMLN) with a Buy and price target of $22; and

  • Auxilium Pharma (NASDAQ: AUXL) with a Buy rating and a price target of $42.
UBS initiates Bank of America (NYSE: BAC) with a Buy.

J.P. Morgan initiates coverage on PNC Financial (NYSE: PNC) with an Overweight rating.

Needham & Co resumes coverage on Sunpower (NASDAQ: SPWRA) with a Buy rating. Price target $32.

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

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Deutsche Bank, UBS, JPMorgan, KeyBanc, Morgan Stanley, Needham & Company, Bank of America, Pali Research, Janney Montgomery Scott, Longbow Research, TD Newcrest, Notable Analyst Rating Changes

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