Notable Analyst Rating Changes 8/15: SPWR, PCLN, ADSK Upgraded; JNJ, JWN, DNA Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Merrill Lynch upgrades SunPower (Nasdaq: SPWR) from Neutral to Buy, citing valuation and landmark deal with PG&E.
Citi upgrades Priceline.com Inc (Nasdaq: PCLN) from Hold to Buy.
Needham & Co. upgrades Autodesk (Nasdaq: ADSK) from Hold to Buy with a $45 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Johnson & Johnson (NYSE: JNJ) from Buy to Neutral, citing generic drop competition for Risperdal and Topamax. The firm raised its price target from $73 to $77.
Merrill Lynch downgrades Nordstrom (NYSE: JWN) from Buy to Neutral with a $31 price target, citing eroding margins.
Citi downgrades Genentech (NYSE: DNA) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Raymond James reinstates coverage on Research In Motion Ltd. (Nasdaq: RIMM) with a Market Perform rating and $140 price target.
Needham & Co. initiates coverage on Under Armour (NYSE: UA) with a Hold rating.
Goldman Sachs resumes coverage on NRG Energy (NYSE: NRG) with a Buy rating and $48 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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