Notable Analyst Rating Changes 7/7: SU, JNPR, ENER Upgraded; MRK, TWX, DIS Downgraded
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
FBR and JPMorgan upgrade Suncor (SU) to Outperform and Overweight, respectively.
Piper Jaffray upgrades Juniper Networks, Inc. (Nasdaq: JNPR) from Neutral to Buy with a $27 price target. The firm also added the stock to their Alpha List. The firm cited upcoming product cycle and valuation.
Broadpoint upgrades Energy Conversion Devices (Nasdaq: ENER) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Merck (NYSE: MRK) from Buy to Neutral and cuts its price target from $43 to $40.
Lehman Brothers downgrades Time Warner Inc. (NYSE: TWX) from Overweight to Equal Weight.
Lehman Brothers downgrades Walt Disney (NYSE: DIS) from Equal Weight to Underweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs initiates coverage on Petroleo Brasileiro (NYSE: PBR) with a Buy rating.
Deutsche Bank re-initiates coverage on Vodafone Group (NYSE: VOD) with a Buy rating.
Oppenheimer and Deutsche Bank start Success Factors (SF) at Outperform and Buy, respectively.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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