Notable Analyst Rating Changes 6/17: QCOM, TXN, USB, NVDA, NFLX Upgraded; UFS, PCL, UL, CMI Downgraded
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UPGRADES:
Goldman Sachs upgrades QUALCOMM Inc. (Nasdaq: QCOM) from Neutral to Buy and added the stock to their Conviction Buy List with a $53 price target
Merrill Lynch/BAM is out with a major call on Texas Instruments (NYSE: TXN) upgrading their rating to Buy from Underperform and adding the stock to their U.S 1 Focust list with a $27 tgt (prev. $18). Click here for more color.
Deutsche Bank upgrades US Bancorp (NYSE: USB) from Hold to Buy and raised their price target from $20 to $21, saying $3 normalized EPS possible. Click here for the full report.
UBS upgrades NVIDIA (Nasdaq: NVDA) from Sell to Neutral.
Wedbush Morgan upgrades Netflix, Inc. (Nasdaq: NFLX) from Hold to Buy with a $48 price target, citing compelling valuation. Click here for the full report.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
J.P. Morgan downgrades Domtar (NYSE: UFS) from Overweight to Neutral.
J.P. Morgan downgrades Plum Creek Timber (NYSE: PCL) from Neutral to Underweight.
UBS downgrades Unilever PLC (NYSE: UL) from Neutral to Sell.
UBS downgrades Cummins (NYSE: CMI) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Baird initiates coverage on First Solar (Nasdaq: FSLR) with a Neutral. Price target $180.
Needham initiates coverage on 3Com (Nasdaq: COMS) with a Buy rating and 'Street High' $7 price target.
SunTust initiates coverage on State Street (NYSE: STT) with a Buy. Price target $68.
SunTrust initiates coverage on The Bank of New York Mellon (NYSE: BK) with a Buy. Price target $38.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Goldman Sachs upgrades QUALCOMM Inc. (Nasdaq: QCOM) from Neutral to Buy and added the stock to their Conviction Buy List with a $53 price target
Merrill Lynch/BAM is out with a major call on Texas Instruments (NYSE: TXN) upgrading their rating to Buy from Underperform and adding the stock to their U.S 1 Focust list with a $27 tgt (prev. $18). Click here for more color.
Deutsche Bank upgrades US Bancorp (NYSE: USB) from Hold to Buy and raised their price target from $20 to $21, saying $3 normalized EPS possible. Click here for the full report.
UBS upgrades NVIDIA (Nasdaq: NVDA) from Sell to Neutral.
Wedbush Morgan upgrades Netflix, Inc. (Nasdaq: NFLX) from Hold to Buy with a $48 price target, citing compelling valuation. Click here for the full report.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
J.P. Morgan downgrades Domtar (NYSE: UFS) from Overweight to Neutral.
J.P. Morgan downgrades Plum Creek Timber (NYSE: PCL) from Neutral to Underweight.
UBS downgrades Unilever PLC (NYSE: UL) from Neutral to Sell.
UBS downgrades Cummins (NYSE: CMI) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Baird initiates coverage on First Solar (Nasdaq: FSLR) with a Neutral. Price target $180.
Needham initiates coverage on 3Com (Nasdaq: COMS) with a Buy rating and 'Street High' $7 price target.
SunTust initiates coverage on State Street (NYSE: STT) with a Buy. Price target $68.
SunTrust initiates coverage on The Bank of New York Mellon (NYSE: BK) with a Buy. Price target $38.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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