Notable Analyst Rating Changes 12/31: (FB) (PMFG) (BMY) Upgraded; (FOE) Downgraded

December 31, 2012 10:22 AM EST
BMO Capital upgrades Facebook (Nasdaq: FB) from Underperform to Outperform, more than doubling its price target from $15 to $32. Click Here for more color.

Needham & Company hoists PMFG, Inc. (Nasdaq: PMFG) up from Hold to Buy with a price target of $11. Click Here for more color.

Atlantic Equities lifts Bristol-Myers Squibb Co. (NYSE: BMY) from Underweight to Neutral.

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Monness, Crespi, Hardt downgrades Ferro Corp. (NYSE: FOE) from Buy to Neutral.

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WhiteHorse Finance (Nasdaq: WHF) started by four firms today:
  • Stifel Nicolaus at Buy and $16 price target;

  • Citi with a Buy and price target of $16;

  • JPMorgan at Overweight; and

  • Baird with an Outperform and $17 price target.

Piper Jaffray initiates Galena Biopharma (Nasdaq: GALE) with an Overweight and $2.50 price target.

Goldman Sachs assumes Alon USA Energy (NYSE: ALJ) at Buy and $21 price target. Click Here for more color.

Barrington Research begins TranS1 Inc (Nasdaq: TSON) with a Outperform and $4 target.

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Piper Jaffray, Stifel, JPMorgan, Citi, Robert W Baird, Needham & Company, BMO Capital, Notable Analyst Rating Changes

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