Notable Analyst Rating Changes 5/21: MDT, CSUN, MU Upgraded; SMOD, UAUA, CAL, NUE Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Goldman Sachs upgrades Medtronic Inc. (NYSE: MDT) from Neutral to Buy.
Jefferies & Co upgrades China Sunergy (Nasdaq: CSUN) from Underperform to Hold. Price target increased to $12.
Deutsche Bank upgrades Micron Technology (NYSE: MU) from Hold to Buy and raises their price target to $11, saying DRAM recovery is sustainable.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Oppenheimer and Lehman downgrades SMART Modular (Nasdaq: SMOD) to Perform and Equalweight, respectively.
Soleil Securities downgrades the Airlines sector from Outperform to Neutral, citing the relentless surge in fuel prices and the liquidity concerns it raises. Delta (NYSE: DAL) and Southwest (NYSE: LUV) remain rated at Buy, but the firm downgrades AMR (NYSE: AMR) and Continental (NYSE: CAL) from Buy to Hold and United (Nasdaq: UAUA) from Buy to Sell.
UBS downgrades Nucor (NYSE: NUE) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
RBC Capital initiates coverage on Edison Int'l (NYSE: EIX) with an Outperform. Price target $64.
Piper Jaffray assumes coverage on Animal Health International (NASDAQ: AHII) with a Buy rating and a $10 price target. Piper Jaffray believes the company is well positioned to gain share in the growing market for veterinary supplies.
Piper Jaffray initiates coverage on Burger King Holdings (NYSE: BKC) with a Buy rating and $34 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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