Notable Analyst Rating Changes 6/29: DFS, LYG, TRW, BCS, JCP Upgraded; AA, SNY, BIIB, WW Downgraded
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- FBR Capital Initiates Coverage on Barclays (BCS) with an Outperform
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- Notable Analyst Rating Changes 11/06: GE, CBS, HD/LOW, M Upgrade; ESLR, RMD, SUN Downgrade
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UPGRADES:
Keefe, Bruyette & Woods upgrades Discover Financial (NYSE: DFS) from Market Perform to Outperform. Price target $14. Click here for more color.
Goldman Sachs upgrades Lloyds Banking Group plc (NYSE: LYG) from Neutral to Buy, saying at 0.8x their estimated trough tangible book value it is the least expensive large cap bank in Europe.
JP Morgan upgrades TRW Automotive (NYSE: TRW) from Neutral to Overweight and raised their price target to $15, following news the company amendeded its primary credit facility which the firm said makes TRW a "clear survivor."
Societe Generale upgrades Barclays (NYSE: BCS) from Sell to Hold.
Morgan Stanley upgrades J.C Penny (NYSE: JCP) from Equal Weight to Overweight, saying the retailer is most likely to outperform current consensus gross margins expectations in the 2nd half of 2009 and beyond. The firm also said JPC trades at a 24% discount to department store peers.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
FBR Capital downgrades Alcoa (NYSE: AA) from Market Perform to Underperform, citing valuation and oversupply. The firm lifted their price target from $8.00 to $8.50. Here is more color on the downgrade.
J.P. Morgan downgrades Sanofi-Aventis (NYSE: SNY) from Overweight to Neutral.
Deutsche Bank downgrades Biogen-IDEC (Nasdaq: BIIB) from Buy to Hold. Maintaining $55 price target. Click here for the full report.
Citi downgrades Watson Wyatt Worldwide (NYSE: WW) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Keefe, Bruyette and Woods intiated coverage on Warren Buffett's Berkshire Hathaway Inc. "A" shares (NYSE: BRK.a) with an Outperform rating and $107,000 price target, citing a "value opportunity." Click here to see the full report.
J.P. Morgan initiates coverage on Akamai (Nasdaq: AKAM) with a Neutral.
Bank of America initiates coverage on Cbeyond (Nasdaq: CBEY) with an Underperform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
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-0.35Related Entities
- Warren Buffett
- Keefe, Bruyette & Woods
- Deutsche Bank
- JPMorgan
- Citi
- Morgan Stanley
- Banc of America
- Barclays
- Notable Analyst Rating Changes
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