Notable Analyst Rating Changes 7/22: SBUX, KFT, CSCO, STX Upgraded; FCX, AAN, NOC, BTU Downgraded
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UPGRADES:
Deutsche Bank upgrades Starbucks (Nasdaq: SBUX) from Sell to Hold. Price target increased from $9 to $14. Click here to see more color on the upgrade.
Citi upgrades Kraft (NYSE: KFT) from Hold to Buy. Price target increased from $28 to $32.
Baird upgrades Cisco (Nasdaq: CSCO) from Neutral to Outperform. Price target increased from $20 to $26.
Collins Stewart upgrades Seagate Technology (NYSE: STX) from Sell to Hold. Here is the full report.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citigroup downgrades Freeport-McMoRan (NYSE: FCX) from Buy to Hold, citing valuation after recent rally. The firm's price target goes to $61 from $58.
Cowen & Co downgrades Aaron's, Inc (NYSE: AAN) from Outperform to Neutral.
J.P. Morgan downgrades Northrop Grumman (NYSE: NOC) from Overweight to Neutral.
Citi downgrades Peabody Energy (NYSE: BTU) from Buy to Hold. Price target $43.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Deutsche Bank initiates coverage on Celgene (Nasdaq: CELG) with a Buy. Click here to see more color on the coverage.
Bank of America resumes coverage on Costco (Nasdaq: COST) with a Buy. Price target $57.
Bank of America resumes coverage on BJ's Wholesale Club (NYSE: BJ) with a Buy and sets a $40 tgt.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Deutsche Bank upgrades Starbucks (Nasdaq: SBUX) from Sell to Hold. Price target increased from $9 to $14. Click here to see more color on the upgrade.
Citi upgrades Kraft (NYSE: KFT) from Hold to Buy. Price target increased from $28 to $32.
Baird upgrades Cisco (Nasdaq: CSCO) from Neutral to Outperform. Price target increased from $20 to $26.
Collins Stewart upgrades Seagate Technology (NYSE: STX) from Sell to Hold. Here is the full report.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citigroup downgrades Freeport-McMoRan (NYSE: FCX) from Buy to Hold, citing valuation after recent rally. The firm's price target goes to $61 from $58.
Cowen & Co downgrades Aaron's, Inc (NYSE: AAN) from Outperform to Neutral.
J.P. Morgan downgrades Northrop Grumman (NYSE: NOC) from Overweight to Neutral.
Citi downgrades Peabody Energy (NYSE: BTU) from Buy to Hold. Price target $43.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Deutsche Bank initiates coverage on Celgene (Nasdaq: CELG) with a Buy. Click here to see more color on the coverage.
Bank of America resumes coverage on Costco (Nasdaq: COST) with a Buy. Price target $57.
Bank of America resumes coverage on BJ's Wholesale Club (NYSE: BJ) with a Buy and sets a $40 tgt.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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