Notable Analyst Rating Changes 4/7: MSFT, AXP, RAX, CRM, GMR Upgraded; LLY, ISRG, GGP, ADM, EL Downgraded
UPGRADES:
RBC Capital upgrades Microsoft (Nasdaq: MSFT) from Sector Perform to Outperform.
Citi upgrades American Express (NYSE: AXP) from Sell to Hold. Price target increased from $9 to $16. Click here for the full report.
Goldman Sachs upgrades Rackspace Hosting, Inc (NYSE: RAX) from Neutral to Buy.
RBC Capital upgrades Salesforce.com (NYSE: CRM) from Sector Perform to Outperform. RBC upgraded numerous stocks in this industry this morning. To see all the upgrades by this firm, visit our RBC Capital entity.
J.P. Morgan upgrades General Maritime (NYSE: GMR) from Neutral to Overweight.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Leerink Swann downgrades Eli Lilly (NYSE: LLY) from Market Perform to Underperform. The firm also downgraded shares of Intuitive Surgical (Nasdaq: ISRG) from Outperform to Market Perform.
Wachovia downgraded General Growth Properties (NYSE: GGP) from Outperform to Market Perform, citing serious risk of bankruptcy. Click here for full color on the downgrade.
Citi downgrades Archer-Daniels-Midland Company (NYSE: ADM) from Hold to Sell. Adds stock to Top Picks List. Price target $25. Click here for the full report.
UBS downgrades Estee Lauder (NYSE: EL) from Neutral to Sell.
J.P. Morgan downgrades Cabot (NYSE: CBT) from Neutral to Underweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Barclays initiates coverage on Western Union (NYSE: WU) with an Overweight. Price target $19.
Barclays initiates coverage on Global Payments (NYSE: GPN) with an Overweight. Price target $38.
Thomas Weisel initiates Netflix (Nasdaq: NFLX) with an Overweight and $51 target, citing an expected significant ramp in movie and video game consumption during the downturn.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- UBS
- JPMorgan
- Goldman Sachs
- Citi
- Wachovia
- RBC Capital
- Barclays
- Thomas Weisel Partners Group
- Notable Analyst Rating Changes
- Bankruptcy
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