Notable Analyst Rating Changes 4/29: WB, CVX, MCHP Upgraded; CHL, POT, UAUA Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Deustche Bank upgrades Wachovia (NYSE: WB) from Hold to Buy, saying the stock is cheap versus franchise value and normalized EPS.
Goldman Sachs upgrades Chevron Corp. (NYSE: CVX) from Neutral to Buy and raised their price target from $93 to $115, citing attractive risk/reward.
William Blair upgrades Microchip (Nasdaq: MCHP) from Market Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades China Mobile Limited (NYSE: CHL) Buy to Neutral, citing valuation after 86% move since June 8th. The firm cites potential for downside news flow or sentiment risks.
RBC Capital downgrades Potash (NYSE: POT) from Top Pick to Outperform with a $300 price target.
Calyon Securities downgrades UAL Corp (Nasdaq: UAUA) from Add to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Citi initiates coverage on Pediatrix Medical Group Inc (NYSE: PDX) with a Buy. Price target $79
American Technology Research initiates coverage on Monolithic Power (Nasdaq: MPWR) with a Buy rating and $29 price target.
Stephens initiates coverage on American Eagle Outfitters Inc. (NYSE: AEO) with an Overweight rating at $28 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Special ReportsStocks Mentioned
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+0.64Related Entities
- William Blair
- Goldman Sachs
- Citi
- Wachovia
- Calyon Securities
- RBC Capital
- American Technology Research
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