Notable Analyst Rating Changes 6/25: GD, NDAQ, JBL, BP Upgraded; BA, RPM, BTRX Downgraded
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Goldman Sachs upgrades General Dynamics Corp. (NYSE: GD) from Neutral to Buy, maintaing its $95 price target.
Piper Jaffray upgrades NASDAQ (NASDAQ: NDAQ) from Neutral to Buy with a $43 price target. The firm also lowers their 2008 and 2009 EPS estimates from $1.90/$2.16 to $1.88/$2.37.
Merrill Lynch upgrades Jabil Circuit (NYSE: JBL) from Neutral to Buy.
Morgan Stanley upgrades BP (NYSE: BP) from Equal-Weight to Overweight, calling the stock its preferred supermajor in Europe.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades Boeing (NYSE: BA) from Neutral to Sell, and adds the stock to their Conviction Sell List. Goldman cited a weak economy and surging fuel prices.
KeyBanc downgrades RPM International (NYSE: RPM) from Buy to Hold.
Roth Capital downgrades Barrier Therapeutics (Nasdaq: BTRX) from Buy to Hold on acquisition news.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
J.P. Morgan initiates coverage on Schering-Plough (NYSE: SGP) with an Overweight.
J.P. Morgan initiates coverage on Merck (NYSE: MRK) with an Overweight rating.
Citi starts Altria (NYSE: MO) and Philip Morris International (NYSE: PM) at Buy and Reynolds American (NYSE: RAI) at Hold.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
UPGRADES:
Goldman Sachs upgrades General Dynamics Corp. (NYSE: GD) from Neutral to Buy, maintaing its $95 price target.
Piper Jaffray upgrades NASDAQ (NASDAQ: NDAQ) from Neutral to Buy with a $43 price target. The firm also lowers their 2008 and 2009 EPS estimates from $1.90/$2.16 to $1.88/$2.37.
Merrill Lynch upgrades Jabil Circuit (NYSE: JBL) from Neutral to Buy.
Morgan Stanley upgrades BP (NYSE: BP) from Equal-Weight to Overweight, calling the stock its preferred supermajor in Europe.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades Boeing (NYSE: BA) from Neutral to Sell, and adds the stock to their Conviction Sell List. Goldman cited a weak economy and surging fuel prices.
KeyBanc downgrades RPM International (NYSE: RPM) from Buy to Hold.
Roth Capital downgrades Barrier Therapeutics (Nasdaq: BTRX) from Buy to Hold on acquisition news.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
J.P. Morgan initiates coverage on Schering-Plough (NYSE: SGP) with an Overweight.
J.P. Morgan initiates coverage on Merck (NYSE: MRK) with an Overweight rating.
Citi starts Altria (NYSE: MO) and Philip Morris International (NYSE: PM) at Buy and Reynolds American (NYSE: RAI) at Hold.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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