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Notable Analyst Rating Changes 12/28: KBR Upgraded; DIOD, DNBK, EURX, TS Downgraded

December 28, 2010 10:51 AM EST
UPGRADES
BB&T Capital upgrades KBR, Inc. (NYSE: KBR) from Hold to Buy this morning, with a $37 price target.

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

DOWNGRADES
Benchmark downgrades Diodes (Nasdaq: DIOD) from Buy to Hold. Click Here for more color.

Sterne Agee downgrades shares of Danvers Bancorp (Nasdaq: DNBK) from Buy to Neutral.

Roth Capital downgrades Eurand N.V (Nasdaq: EURX) from Buy to Neutral, with a price target of $12.50.

Exane BNP Paribas downgraded Tenaris S.A. (NYSE: TS) from Outperform to Neutral.

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

NEW COVERAGE
General Motors (NYSE: GM) started by several firms today:
  • J.P. Morgan at buy with $44 price target;

  • BofA/Merrill Lynch at Buy;

  • Citi at Buy;

  • Credit Suisse at Outperform, with a $43 price target;

  • RBC Capital with an Outperform and $42 price target;

  • Soleil Securities at Hold;

  • Morgan Stanley with an Overweight; and

  • Barclays at Overweight with a $42 price target.
LPL Investment (Nasdaq: LPLA) also started by several today:
  • Goldman Sachs at Buy, with a $40 price target. Click Here for more color;

  • KBW at Market Perform. Click Here for more color;

  • J.P. Morgan at Neutral with $38.50 price target;

  • UBS with a Neutral;

  • William Blair with an Outperform; and

  • Bernstein with Market Perform and $8 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Credit Suisse, UBS, William Blair, JPMorgan, Citi, Morgan Stanley, Merrill Lynch, Soleil Securities, Bank of America, Roth Capital, RBC Capital, Sterne Agee, Barclays, BB&T Capital Markets, Notable Analyst Rating Changes

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