Notable Analyst Rating Changes 7/21: IP, PKG, EPB, LVS, PETS Upgraded; HEP, NOK, TK, CTXS Downgraded
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UPGRADES:
Deutsche Bank upgrades Int'l Paper (NYSE: IP) and Packaging Co of America (NYSE: PKG) from Hold to Buy. Price target $24 for both companies. Click here for more color.
Goldman Sachs upgrades El Paso Pipeline Partners, L.P. (NYSE: EPB) to its Conviction Buy List, with a $22 price target. The firm said recent weakness is unjustified.
BMO Capital upgrades casino operator Las Vegas Sands (NYSE: LVS) from Market Perform to Outperform.
Piper Jaffray & Co. upgrades PetMed Express (Nasdaq: PETS) from Neutral to Overweight. Price target increased from $19 to $22. Click here for the full report.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman downgraded Holly Energy Partners L.P (NYSE: HEP) to Neutral and removed the stock from its Conviction Buy List, citing valuation.
Jefferies & Co downgrades Nokia (NYSE: NOK) from Buy to Hold.
J.P. Morgan downgrades Teekay (NYSE: TK) from Neutral to Underweight.
Bank of America downgrades Citrix Systems (Nasdaq: CTXS) from Neutral to Underperform. Price target increased from $29 to $33.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Soleil Securities initiates coverage on Ciena Corp. (Nasdaq: CIEN) with a Buy. Price target $14.50. Click here for more color on the coverage.
Credit Suisse initiates coverage on U.S. Bancorp (NYSE: USB) with an Outperform. Price target $21.
Davenport initiates coverage on Haynes International (NASDAQ: HAYN) with a Neutral. Price target $27. Click here to see the full report.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Deutsche Bank upgrades Int'l Paper (NYSE: IP) and Packaging Co of America (NYSE: PKG) from Hold to Buy. Price target $24 for both companies. Click here for more color.
Goldman Sachs upgrades El Paso Pipeline Partners, L.P. (NYSE: EPB) to its Conviction Buy List, with a $22 price target. The firm said recent weakness is unjustified.
BMO Capital upgrades casino operator Las Vegas Sands (NYSE: LVS) from Market Perform to Outperform.
Piper Jaffray & Co. upgrades PetMed Express (Nasdaq: PETS) from Neutral to Overweight. Price target increased from $19 to $22. Click here for the full report.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman downgraded Holly Energy Partners L.P (NYSE: HEP) to Neutral and removed the stock from its Conviction Buy List, citing valuation.
Jefferies & Co downgrades Nokia (NYSE: NOK) from Buy to Hold.
J.P. Morgan downgrades Teekay (NYSE: TK) from Neutral to Underweight.
Bank of America downgrades Citrix Systems (Nasdaq: CTXS) from Neutral to Underperform. Price target increased from $29 to $33.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Soleil Securities initiates coverage on Ciena Corp. (Nasdaq: CIEN) with a Buy. Price target $14.50. Click here for more color on the coverage.
Credit Suisse initiates coverage on U.S. Bancorp (NYSE: USB) with an Outperform. Price target $21.
Davenport initiates coverage on Haynes International (NASDAQ: HAYN) with a Neutral. Price target $27. Click here to see the full report.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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