Notable Analyst Rating Changes 8/13: HD, CCE, WX, TXN Upgraded; LOW, NOK, SOL, JASO, PALM, XTO Downgraded
UPGRADES:
FBR Capital upgraded Home Depot (NYSE: HD) from Market Perform to Outperform, raising its price target from $25 to $30.50. Click here for more color.
UBS upgrades Coca-Cola Enterprises (NYSE: CCE) from Neutral to Buy. Price target increased from $19 to $23.
Jefferies & Co upgrades WuXi PharmaTech (NYSE: WX) from Underperform to Hold.
Baird upgrades Texas Instruments (NYSE: TXN) from Underperform to Neutral.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
FBR Capital downgrades Lowe's (NYSE: LOW) from Outperform to Market Perform, raising its price target from $23 to $24. Here is more color.
Goldman Sachs downgrades Nokia Corp. (NYSE: NOK) from Buy to Neutral and removed the stock from their Conviction Buy List. The firm said Nokia's problems are self-inflicted rather than cyclical, rising competition threatens Nokia's mid-end smartphone market share, while a high-end recovery is unlikely in the next 12 months.
Piper Jaffray & Co. downgrades ReneSola Ltd. (NYSE: SOL) from Neutral to Underweight. Price target lowered from $6 to $4.50. Here is the full report.
Barclays downgrades JA Solar (Nasdaq: JASO) from Overweight to Equalweight.
Morgan Joseph downgrades Palm (Nasdaq: PALM) from Hold to Sell with a $7.50 price target, saying checks shows that Pre sales may disappoint. Here is more color.
Morgan Stanley downgrades XTO Energy (NYSE: XTO) from Overweight to Equalweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs resumes coverage on Johnson & Johnson (NYSE: JNJ) with a Neutral rating and $65 price target.
Baird initiates coverage on American Public Education (Nasdaq: APEI) with an Outperform rating. Price target $46.
Thomas Weisel starts Agrium (NYSE: AGU) at Underweight, Intrepid Potash (NYSE: IPI) at Marketweight, and Mosaic (NYSE: MOS) and Potash (NYSE: POT) at Overweight.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
FBR Capital upgraded Home Depot (NYSE: HD) from Market Perform to Outperform, raising its price target from $25 to $30.50. Click here for more color.
UBS upgrades Coca-Cola Enterprises (NYSE: CCE) from Neutral to Buy. Price target increased from $19 to $23.
Jefferies & Co upgrades WuXi PharmaTech (NYSE: WX) from Underperform to Hold.
Baird upgrades Texas Instruments (NYSE: TXN) from Underperform to Neutral.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
FBR Capital downgrades Lowe's (NYSE: LOW) from Outperform to Market Perform, raising its price target from $23 to $24. Here is more color.
Goldman Sachs downgrades Nokia Corp. (NYSE: NOK) from Buy to Neutral and removed the stock from their Conviction Buy List. The firm said Nokia's problems are self-inflicted rather than cyclical, rising competition threatens Nokia's mid-end smartphone market share, while a high-end recovery is unlikely in the next 12 months.
Piper Jaffray & Co. downgrades ReneSola Ltd. (NYSE: SOL) from Neutral to Underweight. Price target lowered from $6 to $4.50. Here is the full report.
Barclays downgrades JA Solar (Nasdaq: JASO) from Overweight to Equalweight.
Morgan Joseph downgrades Palm (Nasdaq: PALM) from Hold to Sell with a $7.50 price target, saying checks shows that Pre sales may disappoint. Here is more color.
Morgan Stanley downgrades XTO Energy (NYSE: XTO) from Overweight to Equalweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs resumes coverage on Johnson & Johnson (NYSE: JNJ) with a Neutral rating and $65 price target.
Baird initiates coverage on American Public Education (Nasdaq: APEI) with an Outperform rating. Price target $46.
Thomas Weisel starts Agrium (NYSE: AGU) at Underweight, Intrepid Potash (NYSE: IPI) at Marketweight, and Mosaic (NYSE: MOS) and Potash (NYSE: POT) at Overweight.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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