Notable Analyst Rating Changes 4/8: UBS, FNM, FRE, PSUN Upgraded; AAPL, AZN, LIFC Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Morgan Stanley upgrades UBS (NYSE: UBS) from Underweight to Equalweight.
Lehman Brothers upgrades Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Overweight.
Wachovia upgrades Pacific Sunwear of California (Nasdaq: PSUN) from Market Perform to Outperform with a valuation range of $16-$17.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Morgan Keegan downgrades Apple (Nasdaq: AAPL) from Market Perform to Underperform, citing weaker consumer spending in the U.S. and Europe.
Goldman Sachs downgrades AstraZeneca (NYSE: AZN) from Buy to Neutral, following the 19% upside move in the past few weeks.
Piper Jaffray downgrades LifeCell Corp. (Nasdaq: LIFC) from Buy to Neutral and lowers its price target from $53 to $51.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merrill Lynch resumes coverage on Anadarko Petroleum (NYSE: APC) with a Buy. Price target $74.
Merrill Lynch reinstates coverage on Devon Energy (NYSE: DVN) with a Buy.
Jefferies & Co initiates coverage on Lions Gate (NYSE: LGF) with a Hold, saying current movie library is fairly valued. Price range $10-$11.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Piper Jaffray
- UBS
- Goldman Sachs
- Morgan Stanley
- Jefferies & Co
- Merrill Lynch
- Lehman Brothers
- Wachovia
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