Notable Analyst Rating Changes 6/23: BHP, ETFC, SIRI, FDX, UPS Upgraded; MRVL, PKI, BPI Downgraded
UPGRADES:
Citi upgrades BHP Billiton (NYSE: BHP) from Hold to Buy.
FBR Capital upgrades E*Trade Financial (Nasdaq: ETFC) two-notches from Underperform to Outperform, citing a more attractive risk/reward following the recent capital raise and commencement of its debt exchange offer yesterday.
Barrington upgrades Sirius XM Radio (Nasdaq: SIRI) from Market Perform to Outperform.
JP Morgan upgrades FedEx (NYSE: FDX) from Neutral to Overweight.
Jesup & Lamont upgrades United Parcel Service (NYSE: UPS) from Hold to Buy. Click here to see more color on the upgrade.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank downgrades Marvell Technology (Nasdaq: MRVL) from Buy to Hold and maintains its $13 price target, citing valuation. Click here for the full report.
Barclays downgrades PerkinElmer (NYSE: PKI) from Equalweight to Underweight.
Credit Suisse downgrades Bridgepoint Education (NYSE: BPI) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Morgan Joseph initiates coverage on Raytheon Company (NYSE: RTN) with a Buy rating and $55 price target.
Morgan Stanley initiates coverage on Waste Management (NYSE: WMI) with an Equalweight rating.
Susquehanna initiates coverage on Loews Corporation (NYSE: L) with a Positive rating. Price target $33. Click here to see full color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Credit Suisse
- Deutsche Bank
- JPMorgan
- Citi
- Morgan Stanley
- Morgan Joseph
- Jesup & Lamont
- Barclays
- Susquehanna International Group of Companies
- Notable Analyst Rating Changes
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