Notable Analyst Rating Changes 6/18: IP, BWA, MWA Upgraded; WBMD, UFS, MEOH Downgraded
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Goldman Sachs upgrades International Paper Co. (NYSE: IP) from Neutral to Buy.
Lehman Bros. upgrades BorgWarner (NYSE: BWA) from Equalweight to Overweight. Price target increased from $47 to $60.
Robert W. Baird upgrades Mueller Water (NYSE: MWA) from Neutral to Outperform and raises their price target to $12, citing confidence of a cyclical trough in earnings, and will be able to offset the impact of rising input costs.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades WebMD (Nasdaq: WBMD) from Neutral to Sell.
Goldman Sachs downgrades Domtar (NYSE: UFS) from Buy to Neutral.
UBS downgrades Methanex Corp. (Nasdaq: MEOH) from Buy to Neutral but raises its price target from $28.50 to $34.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Stanford Group initiates coverage on First Solar (Nasdaq: FSLR) with a Hold, citing positive revenue upside potential.
Stanford Group initiates coverage on SunPower (Nasdaq: SPWR) with a Buy. Price target $110.
UBS and Wachovia start Western Gas Partners (WES) at Buy and Outperform, respectively.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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