Notable Analyst Rating Changes 4/22: F, CAT, BRCD, FDX Upgraded; NBR, CCO, HAL, WFR, FITB Downgraded
UPGRADES:
Goldman Sachs upgraded Ford Motor (NYSE: F) from Neutral to Buy and added the stock to their Conviction Buy List, saying the company won't need a government bailout and will benefit from likely bankruptcy filings of General Motors (NYSE: GM) and Chrysler llc.
JP Morgan upgrades Caterpillar (NYSE: CAT) from Neutral to Overweight.
Goldman Sachs upgrades Brocade (Nasdaq: BRCD) from Neutral to Buy and added the stock to its Conviction Buy List. The firm has a $6.50 price target.
Bank of America upgrades FedEx (NYSE: FDX) from Underperform to Neutral. Price target increased to $56.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank downgrades Nabors Industries (NYSE: NBR) from Hold to Buy. Click here for more color.
Goldman Sachs downgrades Clear Channel Outdoor (NYSE: CCO) from Neutral to Sell and added the stock to their Conviction Sell List.
Barclays downgrades Halliburton (NYSE: HAL) from Overweight to Equalweight.
Soleil Securities downgrades MEMC Electronic Materials (NYSE: WFR) from Buy to Hold. Click here for more color.
BMO Capital downgrades Fifth Third (Nasdaq: FITB) from Outperform to Market Perform. Price target $6.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Barclays resumes coverage on Gilead Sciences (Nasdaq: GILD) with an Equalweight rating.
RBC Capital initiates coverage on Clorox (NYSE: CLX) with an Outperform.
Janney Montgomery Scott initiates coverage on PepsiCo (NYSE: PEP) with a Buy. Price target $58.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Goldman Sachs Conviction Buy List
- Goldman Sachs Conviction Sell List
- Deutsche Bank
- Chrysler LLC
- JPMorgan
- Goldman Sachs
- Soleil Securities
- Banc of America
- BMO Capital
- RBC Capital
- Janney Montgomery Scott
- Barclays
- Notable Analyst Rating Changes
- Bankruptcy
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