Notable Analyst Rating Changes 6/6: PNRA, BTU, CSC Upgraded; BBY, BRP, MVL Downgraded
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- JP Morgan Downgrades Brasil Telecom (BRP) to Underweight
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Piper Jaffray upgrades Panera Bread (Nasdaq: PNRA) from Neutral to Buy and raised their price target from $46 to $62.
Merrill Lynch upgrades Peabody Energy (NYSE: BTU) from Neutral to Buy and raises its price target from $78 to $86.
Stifel Nicolaus upgrades Computer Sciences (NYSE: CSC) from Hold to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank downgrades Best Buy (NYSE: BBY) from Buy to Hold and lowers their price target from $53 to $49.
Deutsche Bank downgrades Brasil Telecom (NYSE: BRP) from Buy to Hold.
Stifel Nicolaus downgrades Marvel Entertainment (NYSE: MVL) from Buy to Hold, citing current valuation.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Stifel Nicolaus initiates coverage on Mattel Inc. (NYSE: MAT) with a Buy rating and $26 price target.
JMP Securities initiates coverage on Allscripts (Nasdaq: MDRX) with a Market Perform rating.
Sterne Agee initiates coverage on Foot Locker (NYSE: FL) with a Hold rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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