Notable Analyst Rating Changes 8/14: (JAKK) (NTAP) (PGR) Upgraded; (SEAS) (FN) (ITMN) Downgraded

August 14, 2014 10:46 AM EDT Send to a Friend

UPGRADES
Piper Jaffray upgrades JAKKS Pacific (Nasdaq: JAKK) from Neutral to Overweight with a price target of $9. Click Here for more color.

Needham & Company moves NetApp (Nasdaq: NTAP) from Hold to Buy with a price target of $49. Click Here for more color.

Citi raises Progressive Corp. (NYSE: PGR) from Neutral to Buy.

Stifel Nicolaus boosts Aruba Networks (Nasdaq: ARUN) from Hold to Buy with a price target of $24.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
SeaWorld Entertainment (NYSE: SEAS) downgraded by three today:

  • BofA/Merrill Lynch from Buy to Neutral while moving its price target from $43 down to $20. Click Here for more color;

  • Macquarie from Outperform to Neutral; and

  • Wells Fargo from Outperform to Market Perform and moves its price target from $40 to $42 down to a range of $20 to $22.
B. Riley drops Fabrinet (NYSE: FN) from Buy to Neutral and moves its price target from $26.50 down to $21.

Goldman Sachs cuts InterMune Inc. (Nasdaq: ITMN) from Buy to Neutral with a price target of $49. Click Here for more color.

Stifel Nicolaus chops Freeport-McMoRan (NYSE: FCX) from Buy to Hold and removed its $37 price target.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Morgan Stanley assumes SolarCity (Nasdaq: SCTY) at Equalweight.

Deutsche Bank initiates TD Ameritrade (NYSE: AMTD) with a Buy rating and price target of $38. Click Here for more color.

Credit Suisse starts Delphi Automotive PLC (NYSE: DLPH) with an Outperform rating.

Maxim Group begins IAC/InterActiveCorp (Nasdaq: IACI) with a Buy rating and $85 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Credit Suisse, Piper Jaffray, Stifel Nicolaus, Deutsche Bank, Citi, Morgan Stanley, Merrill Lynch, Needham & Company, Bank of America, B. Riley, Maxim Group, Notable Analyst Rating Changes, Wells Fargo

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