Notable Analyst Rating Changes 8/18: APD, CDNS, NCS Upgraded; RHI, IM, CEM, HSY Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Goldman Sachs upgrades Air Products & Chemicals Inc. (NYSE: APD) from Neutral to Buy with a $116 price target and adds the stock to their Conviction Buy List.
Citi upgrades Cadence Design Systems Inc (Nasdaq: CDNS) from Neutral to Buy and adds to Top Picks list. Price target increased from $9 to $11.50.
Piper Jaffray upgrades NCI Building Systems (NYSE: NCS) from Neutral to Buy and increases their price target from $36 to $47. The firm also added NCI to its Alpha List, indicating expected near-term strength.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Lehman Bros. downgrades Robert Half International (NYSE: RHI) from Equalweight to Underweight.
BofA downgrades Ingram Micro (NYSE: IM) from Buy to Neutral.
Goldman Sachs downgrades Chemtura Corporation (NYSE: CEM) from Buy to Neutral with an $8 price target.
Citi downgrades Hershey Foods Corp (NYSE: HSY) from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Citi initiates coverage on Sovereign Bancorp, Inc. (NYSE: SOV) with a Hold. Price target $11.
RBC Capital initiates coverage on Kodiak Oil & Gas Corp. (NYSE: KOG) with an Outperform rating and $5 price target.
Needham & Co initiates coverage on FARO Technologies Inc. (Nasdaq: FARO) with a Buy rating and $34 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Goldman Sachs Conviction Buy List
- Piper Jaffray
- Piper Jaffray Alpha List
- Goldman Sachs
- Citi
- Lehman Brothers
- Needham & Co
- Banc of America
- RBC Capital
- Notable Analyst Rating Changes
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