Notable Analyst Rating Changes 7/23: ANN, EBAY, NTAP, ISRG, CS, VMW Upgraded; CTXS, BCR, CRA, SNDA, ARO Downgraded
UPGRADES:
BofA and RBC upgrade eBay (Nasdaq: EBAY) to Neutral and Outperform, respectively.
Goldman Sachs upgrades AnnTaylor Stores Corp. (NYSE: ANN) from Neutral to Buy with a $13 price target, citing major execution opportunities and good risk/reward.
Piper Jaffray & Co. upgrades NetApp, Inc. (Nasdaq: NTAP) from Neutral to Overweight. Price target increased from $18 to $28. Click here to see more color on the upgrade.
Brean Murray upgrades Intuitive Surgical (Nasdaq: ISRG) to Buy. Here is the full report.
Deutsche Bank upgrades Credit Suisse (NYSE: CS) to Buy. Click here for the full report.
Needham & Co upgrades VMware (NYSE: VMW) to Buy. Price target $42.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Needham & Co downgrades Citrix Systems (Nasdaq: CTXS) from Buy to Hold.
Piper Jaffray & Co. downgrades C.R. Bard (NYSE: BCR) from Overweight to Neutral. Click here for more color.
Leerink Swann downgrades Celera Corp (NYSE: CRA) from Outperform to Market Perform. Click here for more color on the downgrade.
Susquehanna downgrades Shanda Interactive (Nasdaq: SNDA) from Neutral to Negative. Price Target $48. Here is more color.
Goldman Sachs downgrades Aeropostale Inc. (NYSE: ARO) from Buy to Neutral with a $38 6-month price target, citing valuation after 62% run-up since their March 2nd upgrade.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
J.P. Morgan initiates coverage on Actuant (NYSE: ATU) with a Neutral rating.
Wedbush Morgan initiates coverage on Advance Auto Parts (NYSE: AAP) with a Neutral rating, $50 price target. Click here to see the full report.
RBC Capital initiates coverage on Riverbed Technology (Nasdaq: RVBD) with a Sector Perform rating. Price target $28.
Cowen & Co initiates coverage on TJX Companies (NYSE: TJX) with an Outperform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
BofA and RBC upgrade eBay (Nasdaq: EBAY) to Neutral and Outperform, respectively.
Goldman Sachs upgrades AnnTaylor Stores Corp. (NYSE: ANN) from Neutral to Buy with a $13 price target, citing major execution opportunities and good risk/reward.
Piper Jaffray & Co. upgrades NetApp, Inc. (Nasdaq: NTAP) from Neutral to Overweight. Price target increased from $18 to $28. Click here to see more color on the upgrade.
Brean Murray upgrades Intuitive Surgical (Nasdaq: ISRG) to Buy. Here is the full report.
Deutsche Bank upgrades Credit Suisse (NYSE: CS) to Buy. Click here for the full report.
Needham & Co upgrades VMware (NYSE: VMW) to Buy. Price target $42.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Needham & Co downgrades Citrix Systems (Nasdaq: CTXS) from Buy to Hold.
Piper Jaffray & Co. downgrades C.R. Bard (NYSE: BCR) from Overweight to Neutral. Click here for more color.
Leerink Swann downgrades Celera Corp (NYSE: CRA) from Outperform to Market Perform. Click here for more color on the downgrade.
Susquehanna downgrades Shanda Interactive (Nasdaq: SNDA) from Neutral to Negative. Price Target $48. Here is more color.
Goldman Sachs downgrades Aeropostale Inc. (NYSE: ARO) from Buy to Neutral with a $38 6-month price target, citing valuation after 62% run-up since their March 2nd upgrade.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
J.P. Morgan initiates coverage on Actuant (NYSE: ATU) with a Neutral rating.
Wedbush Morgan initiates coverage on Advance Auto Parts (NYSE: AAP) with a Neutral rating, $50 price target. Click here to see the full report.
RBC Capital initiates coverage on Riverbed Technology (Nasdaq: RVBD) with a Sector Perform rating. Price target $28.
Cowen & Co initiates coverage on TJX Companies (NYSE: TJX) with an Outperform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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