Notable Analyst Rating Changes 6/19: AIG, KMX, TOT Upgraded; KFT, AGU, UBS, CVH Downgraded

June 19, 2008 9:54 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citigroup upgrades AIG (NYSE: AIG) from Hold to Buy and raises their price target to $42, citing upside potential.

Wachovia upgrades CarMax (NYSE: KMX) from Underperform to Market Perform with a $14 to $16 valuation range. However, the firm lowers their fiscal 2009 and 2010 EPS estimates from $0.77 to $0.55 and from $1.00 to $0.73.

Goldman Sachs upgrades Total SA (NYSE: TOT) from Neutral to Buy, and adds the stock to their Conviction Buy List.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
UBS downgrades Kraft Foods (NYSE: KFT) from Buy to Neutral.

Credit Suisse downgrades Agrium (NYSE: AGU) from Outperform to Neutral but raises its price target from $66 to $128.

Credit Suisse downgrades UBS (NYSE: UBS) from Outperform to Neutral, citing lower earnings at the wealth-management unit.

Wachovia and BMO Capital downgrade Coventry Health Care (NYSE: CVH) to Market Perform.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Piper Jaffray resumes coverage of ON Semiconductor (NASDAQ: ONNN) with a Buy rating and a $12 price target.

UBS initiates coverage on Seattle Genetics (Nasdaq: SGEN) with a Neutral.

Jesup & Lamont initiates coverage on Rowan Companies (NYSE: RDC) with a Buy rating and a $70 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


Related Categories

Special Reports

Stocks Mentioned

AGU 59.20

-0.91 -1.51%
Volume: 2,625,736
Track AGU

AIG 29.89

-1.30 -4.17%
Volume: 11,087,178
Track AIG

CVH 22.22

-0.50 -2.20%
Volume: 1,513,773
Track CVH

KFT 26.42

-0.19 -0.71%
Volume: 6,764,129
Track KFT

KMX 19.63

-0.54 -2.68%
Volume: 1,666,457
Track KMX

ONNN 8.19

+0.01 +0.12%
Volume: 7,502,459
Track ONNN

RDC 23.98

-0.83 -3.35%
Volume: 3,243,331
Track RDC

SGEN 9.52

-0.20 -2.06%
Volume: 921,089
Track SGEN

TOT 63.65

-0.10 -0.16%
Volume: 2,114,276
Track TOT

UBS 15.91

+0.15 +0.95%
Volume: 3,535,290
Track UBS


Related Entities


Add Your Comment