Notable Analyst Rating Changes 6/16: TEL, SUNH, COOL, SMOD Upgraded; T, CX, TWTC, FTO Downgraded
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UPGRADES:
Collins Stewart upgrades Tyco Electronics (NYSE: TEL) from Sell to Hold. Click here to see color on the upgrade.
Leerink Swann is upgrading Sun Healthcare (NASDAQ: SUNH) to Outperform from Market Perform with a valuation range of $13-$14. Click here for the full report.
Wedbush Morgan upgrades Majesco Entertainment Co. (Nasdaq: COOL) from Hold to Buy with a $2.50 price target. The firm said liquidity and operational execution are greatly improved. See details of the upgrade here.
Needham & Co upgrades SMART Modular Technologies (Nasdaq: SMOD) from Hold to Buy with a $4.50 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Barclays downgrades AT&T (NYSE: T) from Overweight to Equal Weight as part of a broader U.S. telecom services sector cut to Neutral.
Bank of America downgrades CEMEX (NYSE: CX) from Neutral to Underperform.
Barclays downgrades tw telecom (Nasdaq: TWTC) from Overweight to Equalweight. Price target $14.
Credit Suisse downgrades Frontier Oil (NYSE: FTO) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Collins Stewart initiates coverage on Boston Scientific (NYSE: BSX) with a Hold. Here is the full report.
Goldman Sachs initiates coverage on Cummins Inc. (NYSE: CMI) with a Buy rating and $42 price target. The firm said CMI is set to benefit from global diesel emission regulations, growing Asian industrialization, and a cyclical turn in early cycle US truck markets.
Morgan Joseph initiates coverage on Celgene Pharmaceuticals (Nasdaq: CELG) with a Buy rating. Price target $52. Click here for full color on the coverage.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Collins Stewart upgrades Tyco Electronics (NYSE: TEL) from Sell to Hold. Click here to see color on the upgrade.
Leerink Swann is upgrading Sun Healthcare (NASDAQ: SUNH) to Outperform from Market Perform with a valuation range of $13-$14. Click here for the full report.
Wedbush Morgan upgrades Majesco Entertainment Co. (Nasdaq: COOL) from Hold to Buy with a $2.50 price target. The firm said liquidity and operational execution are greatly improved. See details of the upgrade here.
Needham & Co upgrades SMART Modular Technologies (Nasdaq: SMOD) from Hold to Buy with a $4.50 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Barclays downgrades AT&T (NYSE: T) from Overweight to Equal Weight as part of a broader U.S. telecom services sector cut to Neutral.
Bank of America downgrades CEMEX (NYSE: CX) from Neutral to Underperform.
Barclays downgrades tw telecom (Nasdaq: TWTC) from Overweight to Equalweight. Price target $14.
Credit Suisse downgrades Frontier Oil (NYSE: FTO) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Collins Stewart initiates coverage on Boston Scientific (NYSE: BSX) with a Hold. Here is the full report.
Goldman Sachs initiates coverage on Cummins Inc. (NYSE: CMI) with a Buy rating and $42 price target. The firm said CMI is set to benefit from global diesel emission regulations, growing Asian industrialization, and a cyclical turn in early cycle US truck markets.
Morgan Joseph initiates coverage on Celgene Pharmaceuticals (Nasdaq: CELG) with a Buy rating. Price target $52. Click here for full color on the coverage.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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