Notable Analyst Rating Changes 3/26: XTO, CCO, XJT Upgraded; JBL, PFCB, CTB Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Bernstein upgrades XTO Energy (NYSE: XTO) from Market Perform to Outperform with an $69 price target.
Jefferies & Co upgrades Clear Channel Outdoor (NYSE: CCO) from Hold to Buy, citing positive growth outlook and attractive entry point into shares. Price target $25.
Avondale upgrades ExpressJet (NYSE: XJT) from Market Underperform to Market Perform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
J.P. Morgan downgrades Jabil Circuit (NYSE: JBL) from Overweight to Underweight.
Friedman Billings downgrades P.F. Chang's (Nasdaq: PFCB) from Market Perform to Underperform. Price target $23.
KeyBanc downgrades Cooper Tire & Rubber Company (NYSE: CTB) from Aggressive Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Sterne Agee initiates coverage on Caterpillar (NYSE: CAT) with a Hold. Price target $74.
Merrill Lynch initiates coverage on Perfect World (Nasdaq: PWRD) with a Buy.
Lehman and Wachovia start ArcSight (Nasdaq: ARST) at Equalweight and Outperform, respectively.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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