Notable Analyst Rating Changes 6/24: FCX, BDK, DB, EMC Upgraded; WFR, BA, CTRP Downgraded

June 24, 2009 9:44 AM EDT

UPGRADES:
FBR Capital upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Market Perform to Outperform with a $58 price target, saying the recent pullback creates an attractive entry point. Click here for more color on the upgrade.

Credit Suisse upgrades Black & Decker (NYSE: BDK) from Underperform to Neutral.

Citi upgrades Deutsche Bank (NYSE: DB) from Sell to Hold.

Barclays upgrades EMC Corp (NYSE: EMC) from Equal Weight to Overweight and raises their price target from $12 to $16.

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

DOWNGRADES:
JP Morgan downgrades MEMC Electronic Materials (NYSE: WFR) from Overweight to Underweight. Click here for the full report.

Oppenheimer downgrades Boeing (NYSE: BA) from Perform to Underperform. Price target lowered $2 to $40.

Deutsche Bank downgrades Ctrip.com (Nasdaq: CTRP) from Buy to Hold. Price target $38. Click here for more color on the downgrade.

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

NEW COVERAGE:
FBR Capital initiates coverage on Riverbed Technology, Inc. (Nasdaq: RVBD) with a Market Perform rating and $22 price target. Here is more color.

Rodman & Renshaw initiates coverage on Orexigen Therapeutics (Nasdaq: OREX) with a Market
Outperform rating. Price target $14

Oppenheimer initiates coverage on BMP Sunstone (Nasdaq: BJGP) with an Outperform. Price target $6.

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


Related Categories

Special Reports

Stocks Mentioned

BA 52.50

+0.53 +1.02%
Volume: 1,256,551
Track BA

BDK 62.21

+0.09 +0.14%
Volume: 243,338
Track BDK

BJGP 4.24

-0.02 -0.47%
Volume: 7,830
Track BJGP

CTRP 70.83

+0.95 +1.36%
Volume: 373,783
Track CTRP

DB 74.87

+0.19 +0.25%
Volume: 308,878
Track DB

EMC 16.81

-0.13 -0.77%
Volume: 8,238,017
Track EMC

FCX 86.79

+1.20 +1.40%
Volume: 5,399,869
Track FCX

OREX 6.93

+0.14 +2.06%
Volume: 360,627
Track OREX

RVBD 20.98

+0.42 +2.04%
Volume: 660,124
Track RVBD

WFR 12.39

+0.23 +1.89%
Volume: 3,929,016
Track WFR


Related Entities


Add Your Comment