Notable Analyst Rating Changes 12/2: AMR/UAUA, RFMD, STI, SAY, KBH, BBT Upgraded; STZ, MTL, BWP, POM Downgraded
UPGRADES:
Morgan Stanley upgrades the airline sector to Attractive. Morgan upgraded two companies:
Credit Suisse upgraded SunTrust Banks (NYSE: STI) form Neutral to Outperform and raised their price target to $29.
JPMorgan has upgraded Satyam (NYSE: SAY) from Neutral to Overweight.
Credit Suisse upgrades KB Home (NYSE: KBH) from Neutral to Outperform.
Credit Suisse upgrades BB&T Corp (NYSE: BBT) from Underperform to Neutral.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades Constellation Brands (NYSE: STZ) from Neutral to Sell. Click Here for more color.
Credit Suisse downgrades Mechel OAO (NYSE: MTL) from Neutral to Underperform. Price target increased from $13.30 to $16.
Wells Fargo downgrades Boardwalk Pipeline Partners, L.P. (NYSE: BWP) from Outperform to Market Perform. Valuation range: $27-$29.
Credit Suisse downgrades Pepco Holdings (NYSE: POM) from Buy to Neutral. Price target $16.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Stanley started coverage on several healthcare companies:
Calyon Securities initiates coverage on QUALCOMM (NASDAQ: QCOM) with an Outperform rating and a $52 price target.
J.P. Morgan resumes coverage on Express Scripts (NASDAQ: ESRX) with an Overweight rating. Price target increased to $102.
Macquarie initiates coverage on JA Solar (NASDAQ: JASO) with an Outperform rating. Price target $5.
Hapoalim Securities initiates coverage on Genzyme (NASDAQ: GENZ) with a Hold. Price target $55.
BMO Capital initiates coverage on CONSOL Energy (NYSE: CNX) with a Market Perform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Morgan Stanley upgrades the airline sector to Attractive. Morgan upgraded two companies:
- AMR Corp. (NYSE: AMR) from Equal Weight to Overweight; and
- UAL Corp. (NYSE: UAUA) from Equal Weight to Overweight.
Credit Suisse upgraded SunTrust Banks (NYSE: STI) form Neutral to Outperform and raised their price target to $29.
JPMorgan has upgraded Satyam (NYSE: SAY) from Neutral to Overweight.
Credit Suisse upgrades KB Home (NYSE: KBH) from Neutral to Outperform.
Credit Suisse upgrades BB&T Corp (NYSE: BBT) from Underperform to Neutral.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades Constellation Brands (NYSE: STZ) from Neutral to Sell. Click Here for more color.
Credit Suisse downgrades Mechel OAO (NYSE: MTL) from Neutral to Underperform. Price target increased from $13.30 to $16.
Wells Fargo downgrades Boardwalk Pipeline Partners, L.P. (NYSE: BWP) from Outperform to Market Perform. Valuation range: $27-$29.
Credit Suisse downgrades Pepco Holdings (NYSE: POM) from Buy to Neutral. Price target $16.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Stanley started coverage on several healthcare companies:
- Lifepoint Hospitals (NASDAQ: LPNT) with an Overweight rating;
- Health Management Associates (NYSE: HMA) with an Equalweight rating;
- Community Health Systems (NYSE: CYH) with an Equalweight;
- Tenet Healthcare (NYSE: THC) with an Underweight; and
- Universal Health Services (NYSE: UHS) with an Underweight rating.
Calyon Securities initiates coverage on QUALCOMM (NASDAQ: QCOM) with an Outperform rating and a $52 price target.
J.P. Morgan resumes coverage on Express Scripts (NASDAQ: ESRX) with an Overweight rating. Price target increased to $102.
Macquarie initiates coverage on JA Solar (NASDAQ: JASO) with an Outperform rating. Price target $5.
Hapoalim Securities initiates coverage on Genzyme (NASDAQ: GENZ) with a Hold. Price target $55.
BMO Capital initiates coverage on CONSOL Energy (NYSE: CNX) with a Market Perform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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