Notable Analyst Rating Changes 7/7: INTC, KEY, KSS, MCO, MRVL Upgraded; HNSN, BJ, AMSG Downgraded
UPGRADES:
Bank of America upgrades Intel (Nasdaq: INTC) from Neutral to Buy and raises their price target from $16 to $19, citing declining costs and upside to gross margins.
Keefe, Bruyette & Woods upgrades KeyCorp (NYSE: KEY) from Market Perform to Outperform. Price target $8. Click here for more color on the upgrade.
Goldman Sachs upgrades Kohl's Corp. (NYSE: KSS) from Hold to Buy and raises their price target from $44 to $50. Here is a little color on the upgrade.
Piper Jaffray & Co. upgrades Moody's (NYSE: MCO) from Neutral to Overweight. Price target increased $2 to $32. Click here for the full report.
Bank of America upgrades Marvell Technology (Nasdaq: MRVL) from Neutral to Buy. Price target raised from $13 to $17.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Brean Murray downgrades Hansen Medical (Nasdaq: HNSN) from Buy to Hold. Click here for the full report.
Goldman Sachs downgrades BJ's Wholesale Club Inc. (NYSE: BJ) from Neutral to Sell and lowers their price target from $39 to $33, citing slowing core SSS, decelerating EPS growth and 2nd-half 2009 shift in earnings momentum towards discretionary retailers.
Baird downgrades AmSurg (Nasdaq: AMSG) from Outperform to Neutral. Price target dropped $1 to $23.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Barclays initiates coverage on Annaly Capital Management (NYSE: NLY) with an Overweight.
Jefferies & Co initiates coverage on 3M (NYSE: MMM) with a Buy. Price target $76.
Wunderlich Securities initiates coverage on Jacobs Engineering Group (NYSE: JEC) with a Buy. Price target $52. Click here for the full report.
Duncan-Williams initiates coverage on Visa (NYSE: V) with a Strong Buy. Price target $74. Here is the full report.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Bank of America upgrades Intel (Nasdaq: INTC) from Neutral to Buy and raises their price target from $16 to $19, citing declining costs and upside to gross margins.
Keefe, Bruyette & Woods upgrades KeyCorp (NYSE: KEY) from Market Perform to Outperform. Price target $8. Click here for more color on the upgrade.
Goldman Sachs upgrades Kohl's Corp. (NYSE: KSS) from Hold to Buy and raises their price target from $44 to $50. Here is a little color on the upgrade.
Piper Jaffray & Co. upgrades Moody's (NYSE: MCO) from Neutral to Overweight. Price target increased $2 to $32. Click here for the full report.
Bank of America upgrades Marvell Technology (Nasdaq: MRVL) from Neutral to Buy. Price target raised from $13 to $17.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Brean Murray downgrades Hansen Medical (Nasdaq: HNSN) from Buy to Hold. Click here for the full report.
Goldman Sachs downgrades BJ's Wholesale Club Inc. (NYSE: BJ) from Neutral to Sell and lowers their price target from $39 to $33, citing slowing core SSS, decelerating EPS growth and 2nd-half 2009 shift in earnings momentum towards discretionary retailers.
Baird downgrades AmSurg (Nasdaq: AMSG) from Outperform to Neutral. Price target dropped $1 to $23.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Barclays initiates coverage on Annaly Capital Management (NYSE: NLY) with an Overweight.
Jefferies & Co initiates coverage on 3M (NYSE: MMM) with a Buy. Price target $76.
Wunderlich Securities initiates coverage on Jacobs Engineering Group (NYSE: JEC) with a Buy. Price target $52. Click here for the full report.
Duncan-Williams initiates coverage on Visa (NYSE: V) with a Strong Buy. Price target $74. Here is the full report.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Piper Jaffray, Keefe, Bruyette & Woods, Brean Murray Carret & Co., Jefferies & Co, Robert W Baird, Bank of America, Barclays, Notable Analyst Rating Changes, Wunderlich SecuritiesSign up for StreetInsider Free!
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