Notable Analyst Rating Changes 7/17: NVS, CHINA, CVLT, BT Upgraded; NOK, AKAM, KMP, SCHN, LL Downgraded
Up)
UPGRADES:
J.P. Morgan upgrades Novartis (NYSE: NVS) from Neutral to Overweight.
Wedbush Morgan upgraded CDC Corp. (Nasdaq: CHINA) two-notches from Undeperform to Outperform after announcing that is CDC Software nit filed for an IPO. The firm raised its price target from $1.50 to $2.50, which represents 28% upside from yesterday's close of $1.94.
Goldman Sachs upgraded CommVault Systems, Inc. (Nasdaq: CVLT) from Sell to Neutral. The firm raised its price target on CVLT to $17 from $15.
Bernstein upgrades BT Group (NYSE: BT) from Market Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Nokia (NYSE: NOK) from Buy to Neutral.
Goldman Sachs downgrades Akamai Technologies Inc. (Nasdaq: AKAM) to Sell. The firm lowered their price target on AKAM to $20 from $21.
Wells Fargo downgrades Kinder Morgan Energy Partners (NYSE: KMP) to Market Perform. Click here for more color on the downgrade.
Morgan Stanley downgrades Schnitzer Steel Industries (Nasdaq: SCHN) from Equalweight to Underweight. Price target $42.
Goldman Sachs downgrades Lumber Liquidators, Inc. (NYSE: LL) from Buy to Neutral with a $18 price target, saying valuation adequately reflects growth potential.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Jefferies & Co initiates coverage on Darden Restaurants (NYSE: DRI) with a Buy.
Janney Montgomery Scott initiates coverage on Automatic Data Processing (NYSE: ADP) with a Buy rating. $44 fair value estimate. Click here for the full report.
SocGen initiates coverage on Waste Management (NYSE: WMI) with a Buy rating.
Pali Research initiates coverage on Franklin Resources (NYSE: BEN) with a Buy. Price target $87. Here is some more color on the coverage.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
J.P. Morgan upgrades Novartis (NYSE: NVS) from Neutral to Overweight.
Wedbush Morgan upgraded CDC Corp. (Nasdaq: CHINA) two-notches from Undeperform to Outperform after announcing that is CDC Software nit filed for an IPO. The firm raised its price target from $1.50 to $2.50, which represents 28% upside from yesterday's close of $1.94.
Goldman Sachs upgraded CommVault Systems, Inc. (Nasdaq: CVLT) from Sell to Neutral. The firm raised its price target on CVLT to $17 from $15.
Bernstein upgrades BT Group (NYSE: BT) from Market Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Nokia (NYSE: NOK) from Buy to Neutral.
Goldman Sachs downgrades Akamai Technologies Inc. (Nasdaq: AKAM) to Sell. The firm lowered their price target on AKAM to $20 from $21.
Wells Fargo downgrades Kinder Morgan Energy Partners (NYSE: KMP) to Market Perform. Click here for more color on the downgrade.
Morgan Stanley downgrades Schnitzer Steel Industries (Nasdaq: SCHN) from Equalweight to Underweight. Price target $42.
Goldman Sachs downgrades Lumber Liquidators, Inc. (NYSE: LL) from Buy to Neutral with a $18 price target, saying valuation adequately reflects growth potential.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Jefferies & Co initiates coverage on Darden Restaurants (NYSE: DRI) with a Buy.
Janney Montgomery Scott initiates coverage on Automatic Data Processing (NYSE: ADP) with a Buy rating. $44 fair value estimate. Click here for the full report.
SocGen initiates coverage on Waste Management (NYSE: WMI) with a Buy rating.
Pali Research initiates coverage on Franklin Resources (NYSE: BEN) with a Buy. Price target $87. Here is some more color on the coverage.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
You May Also Be Interested In
Create E-mail Alert Related Categories
Special ReportsRelated Entities
UBS, JPMorgan, Morgan Stanley, Jefferies & Co, Wedbush Morgan, Pali Research, Janney Montgomery Scott, Notable Analyst Rating ChangesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
