Notable Analyst Rating Changes 5/13: SIRI, BOOM, MEDX Upgraded; NXTM, MNT, BE Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Merrill Lynch upgrades Sirius Satellite (Nasdaq: SIRI) from Sell to Neutral.
KeyBanc upgrades Dynamic Materials (NASDAQ: BOOM) from Hold to Buy with a $50 price target.
Needham & Co upgrades Medarex (Nasdaq: MEDX) from Hold to Buy. Price target $11.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
William Blair downgrades NxStage Medical (Nasdaq: NXTM) from Outperform to Market Perform.
Lazard downgrades Mentor (Nasdaq: MNT) from Buy to Hold.
Citi downgrades BearingPoint Inc (NYSE: BE) from Buy to Hold. Price target lowered from $3.20 to $2.25.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Stanley initiates coverage on Chiquita Brands (NYSE: CQB) with an Equalweight rating.
Wachovia initiates coverage on Dr. Pepper Snapple Group (NYSE: DPS) with a Market Perform rating.
Jefferies & Co initiates coverage on McGraw-Hill (NYSE: MHP) with a Buy. Price target $49.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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