Notable Analyst Rating Changes 12/21: INTC, MU, AA, DKS, PALM Upgraded; JAV, GENZ, NOK, GPS Downgraded
UPGRADES:
Barclays upgrades Intel (NASDAQ: INTC) from Equal Weight to Overweight and maintains their $24 price target.
Wedbush upgrades Micron Technology, Inc. (NYSE: MU) from Neutral to Outperform. Price target increased from $6 to $13. Click Here for more color.
Morgan Stanley upgrades Alcoa (NYSE: AA) from Equal Weight to Overweight with a $22 price target.
Wedbush upgrades Dick's Sporting Goods (NYSE: DKS) to Outperform. Price target increased to $29. Click Here for more color.
Palm (NASDAQ: PALM) upgraded by two firms:
DOWNGRADES:
Wedbush downgrades Javelin Pharmaceuticals (AMEX: JAV) from Outperform to Underperform. Price target cut from $3.50 to $1.50.
Morgan Stanley downgrades Genzyme (NASDAQ: GENZ) from Equalweight to Underweight. Price target lowered from $54 to $48.
Argus downgrades Nokia (NYSE: NOK) from Buy to Hold.
Jesup & Lamont downgrades Gap Inc. (NYSE: GPS) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Stanley starts Human Genome (NASDAQ: HGSI) with an Overweight rating and $40 price target.
Wells Fargo initiates coverage on Hyatt Hotels (NYSE: H) with a Market Perform. Valuation range is $29-31. Click Here for more color.
Morgan Stanley initiates coverage on BioCryst Pharmaceuticals (NASDAQ: BCRX) with an Equalweight.
Thomas Weisel initiates two credit card processors:
Barclays upgrades Intel (NASDAQ: INTC) from Equal Weight to Overweight and maintains their $24 price target.
Wedbush upgrades Micron Technology, Inc. (NYSE: MU) from Neutral to Outperform. Price target increased from $6 to $13. Click Here for more color.
Morgan Stanley upgrades Alcoa (NYSE: AA) from Equal Weight to Overweight with a $22 price target.
Wedbush upgrades Dick's Sporting Goods (NYSE: DKS) to Outperform. Price target increased to $29. Click Here for more color.
Palm (NASDAQ: PALM) upgraded by two firms:
- Morgan Joseph from Sell to Hold. < a href=http://www.streetinsider.com/Upgrades/Morgan+Joseph+Upgrades+Palm+%28PALM%29+to+Hold%3B+Valuation+Call/5198547.htmlClick Here for more color.
- Macquarie from Neutral to Outperform, and price target lowered from $15 to $14.
DOWNGRADES:
Wedbush downgrades Javelin Pharmaceuticals (AMEX: JAV) from Outperform to Underperform. Price target cut from $3.50 to $1.50.
Morgan Stanley downgrades Genzyme (NASDAQ: GENZ) from Equalweight to Underweight. Price target lowered from $54 to $48.
Argus downgrades Nokia (NYSE: NOK) from Buy to Hold.
Jesup & Lamont downgrades Gap Inc. (NYSE: GPS) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Stanley starts Human Genome (NASDAQ: HGSI) with an Overweight rating and $40 price target.
Wells Fargo initiates coverage on Hyatt Hotels (NYSE: H) with a Market Perform. Valuation range is $29-31. Click Here for more color.
Morgan Stanley initiates coverage on BioCryst Pharmaceuticals (NASDAQ: BCRX) with an Equalweight.
Thomas Weisel initiates two credit card processors:
- Visa (NYSE: V) with Overweight and $102 price target; and
- Mastercard (NYSE: MA) with an Oveweight rating and $305 price target.
- Dominion Resources (NYSE: D);
- Constellation Energy (NYSE: CEG);
- FirstEnergy (NYSE: FE); and
- PPL Corp. (NYSE: PPL).
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