Notable Analyst Rating Changes 5/1: CL, BGX, OIIM Upgraded; NLY, GRMN, YUM Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Piper Jaffray upgrades O2Micro International Ltd. (Nasdaq: OIIM) from Neutral to Buy and raises its price target to $9, citing improving visibility.
Piper Jaffray upgrades B&G Foods, Inc. (NYSE: BGS) from Neutral to Buy with a $10 price target, citing a compelling valuation.
BMO Capital upgrades Colgate-Palmolive (NYSE: CL) from Market Perform to Outperform with an $82 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citi downgrades Annaly Capital (NYSE: NLY) from Buy to Hold. Price target $17.
Merrill Lynch downgrades Garmin (Nasdaq: GRMN) from Buy to Neutral.
UBS downgrades YUM! Brands (NYSE: YUM) from Buy to Neutral. Price target $43.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Lehman Bros. initiates coverage on Visa (NYSE: V) with an Equalweight, citing positive long-term outlook, but suggests waiting for better entry point.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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