Notable Analyst Rating Changes 7/16: PFCB, CSX, BWA Upgraded; CSCO, MGM, RIMM Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Jefferies and Wedbush Morgan upgrade P.F. Chang's (Nasdaq: PFCB) to Buy and Hold, respectively.
Merrill Lynch upgrades CSX (NYSE: CSX) from Neutral to Buy with a $71 price target.
Baird upgrades BorgWarner (NYSE: BWA) from Neutral to Outperform with a $48 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Credit Suisse downgrades Cisco (Nasdaq: CSCO) from Outperform to Neutral and lowers price target from $31 to $24, citing a slower sales outlook as clients cut back spending.
Merrill Lynch downgrades MGM Mirage (NYSE: MGM) from Neutral to Underperform.
Needham & Co. downgrades Research In Motion (Nasdaq: RIMM) from Hold to Underperform.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs restarts coverage on Jones Apparel Group Inc. (NYSE: JNY) with a Neutral rating.
RBC Capital initiates coverage on Garmin (Nasdaq: GRMN) with a Sector Perform rating and $45 price target.
BB&T Capital initiates coverage on LaSalle Hotel (NYSE: LHO) with a Buy rating and $32 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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- Robert W Baird
- Needham & Company
- RBC Capital
- Wedbush Morgan
- BB&T Capital Markets
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