Notable Analyst Rating Changes 3/24: MON, POT, CIT, NCC Upgraded; GPS, WFC, LEH Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
UBS upgrades Monsanto (NYSE: MON) from Neutral to Buy.
RBC Capital upgrades Potash (NYSE: POT) from Outperform to Top Picks.
Stifel Nicolaus upgrades CIT Group (NYSE: CIT) from Hold to Buy. Price target $20.
Friedman Billings upgrades National City (NYSE: NCC) from Underperform to Market Perform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Gap (NYSE: GPS) from Buy to Neutral.
Baird downgrades Wells Fargo (NYSE: WFC) from Neutral to Underperform, citing current valuation including higher credit costs and negative EPS outlook. Price target $27.
Oppenheimer downgrades Lehman Brothers (NYSE: LEH) from Outperform to Perform, citing protracted
challenging capital markets environment.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Lehman Bros. initiates coverage on Dana (NYSE: DAN) with an Overweight, citing positive near-term catalysts. Price target $15.
Credit Suisse initiates coverage on Ultra Petroleum (NYSE: UPL) with an Outperform. Price target $82.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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- Credit Suisse
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- UBS
- Lehman Brothers
- Robert W Baird
- Friedman, Billings, Ramsey
- RBC Capital
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