Notable Analyst Rating Changes 5/15: JWN, ZLC, CBS, VAL Upgraded; AFL, ZZ, CCE, CYT Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Piper Jaffray & Co. upgrades Nordstrom, Inc. (NYSE: JWN) from Neutral to Buy. Price target increased $1 to $25. Click here for full color on the upgrade.
Bank of America upgrades Zale (NYSE: ZLC) from Neutral to Buy and raises their price target from $1.60 to $5.
Barclays upgrades CBS Corp. (NYSE: CBS) from Underweight to Equalweight. Price target increased from $5 to $9.
Goldman Sachs upgrades Valspar Corp. (NYSE: VAL) from Neutral to Buy and added the stock to their Conviction Buy List.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Morgan Stanley downgrades Aflac (NYSE: AFL) from Overweight to Equalweight.
Stifel Nicolaus and Raymond James downgrade Sealy (NYSE: ZZ) from Hold to Sell and from Strong Buy to Market Perform, respectively.
JPMorgan downgrades Coca-Cola Enterprises (NYSE: CCE) from Overweight to Neutral.
Goldman Sachs downgrades Cytec Industries Inc. (NYSE: CYT) from Neutral to Sell, but raises its price target from $16 to $21.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs resumes coverage on Alcoa, Inc. (NYSE: AA) with a Buy rating and $13 price target.
Stifel Nicolaus initiates coverage on BlackRock (NYSE: BLK) with a Hold.
Oppenheimer initiates coverage on Comverge (Nasdaq: COMV) with a Perform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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- Goldman Sachs Conviction Buy List
- Piper Jaffray
- Stifel Nicolaus
- JPMorgan
- Goldman Sachs
- Raymond James
- Morgan Stanley
- Bank of America
- Barclays
- Notable Analyst Rating Changes
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