Notable Analyst Rating Changes 2/21: CSCO, GRMN, RIG Upgraded; TGT, LAD, BP, PT Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Citigroup upgrades Cisco (Nasdaq: CSCO) from Hold to Buy and raises their price target to $27.
Baird upgrades Garmin (Nasdaq: GRMN) from Neutral to Outperform but lowers their price target to $79.
Goldman Sachs upgrades Transocean Inc. (NYSE: RIG) from Neuetral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citigroup downgrades Target (NYSE: TGT) from Hold to Sell, citing competition from Wal-Mart (NYSE: WMT) and lower profitability from the credit card unit.
Stephens and Raymond James downgrade Lithia Motors (NYSE: LAD) to Equal Weight and Underperform, respectively.
Citigroup downgrades BP (NYSE: BP) from Hold to Sell.
Bear Stearns downgrades Portugal Telecom (NYSE: PT) from Outperform to Peer Perform.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs reinstates coverage on H&R Block, Inc. (NYSE: HRB) with a Neutral rating and $20 price target.
Baird initiates coverage on Acorda Therapeutics (Nasdaq: ACOR) with a Neutral rating and $28 price target.
Citigroup initiates coverage on Mindray Medical (NYSE: MR) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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