Notable Analyst Rating Changes 6/4: NBR, MS, TSN Upgraded; MAR, VNUS, OMRI Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Goldman Sachs upgrades Nabors (NYSE: NBR) from Neutral to Buy.
Wachovia upgrades Morgan Stanley (NYSE: MS) to Outperform and sets a valuation range of $51-$53, which is based on 1.7x the firm's estimated Q208 book value.
Wachovia upgrades Tyson Foods (NYSE: TSN) from Market Perform to Outperform with a $24 to $26 valuation range.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Piper Jaffray downgrades VNUS Medical (NASDAQ: VNUS) from Buy to Neutral and raises their price target from $20 to $21.
UBS downgrades Omrix Biopharmaceuticals (Nasdaq: OMRI) from Buy to Neutral. Price target $17.
Oppenheimer downgrades Marriott International (NYSE: MAR) from Outperform to Perform with a $35 price target, saying headwinds including A weak leisure and business travel market and limited exposure to high growth international markets suggest shares could be range bound.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merrill Lynch initiates coverage on Sherwin Williams (NYSE: SHW) with an Underperform rating, following yesterday's profit warning from the company.
Goldman Sachs initiates coverage on Xenoport, Inc. (Nasdaq: XNPT) with a Buy rating and $60 price target.
Baird initiates coverage on VF Corporation (NYSE: VFC) with an Outperform, citing strong (long-term) growth outlook. Price target $90.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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