Notable Analyst Rating Changes 8/19: PRX, ANN, BPOP, AXL, JOYG Upgraded; AA, ANF, TOL, DHI, LUV Downgraded
UPGRADES:
Goldman Sachs, Buckingham and Caris upgrade Par Pharma (NYSE: PRX) to Neutral, Accumulate and Buy, respectively.
UBS upgrades Ann Taylor (NYSE: ANN) to Buy. Piper Jaffray is also out reiterating its Overweight rating. Click here for the full report.
Keefe, Bruyette & Woods upgrades Popular, Inc. (Nasdaq: BPOP) from Market Perform to Outperform. Price target $3.50. Here is more color on the upgrade.
Credit Suisse upgrades American Axle (NYSE: AXL) from Neutral to Outperform.
Macquarie upgrades Joy Global (Nasdaq: JOYG) from Neutral to Outperform. Price target increased from $36 to $47.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgraded Alcoa, Inc. (NYSE: AA) from Buy to Neutral, citing valuation as the stock nears their $13 price target.
Susquehanna downgrades Abercrombie & Fitch (NYSE: ANF) from Positive to Neutral. Click here for more color on the downgrade.
Stifel Nicolaus lowered its investment ratings on two homebuilders from Hold to Sell this morning: Toll Brothers (NYSE: TOL) and D.R. Horton (NYSE: DHI).
Jesup & Lamont downgrades Southwest Airlines (NYSE: LUV) from Hold to Sell on valuation. Price target $4. Here is more color.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs resumes coverage on Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) with a Buy rating and added it to their Conviction Buy List. The firm has a 6-month price target of $90.
Meredith Whitney Advisory Group initiates coverage on Discover Financial Services (NYSE: DFS) with a Neutral rating.
RBC Capital initiates coverage on Gap Inc. (NYSE: GPS) with a Sector Perform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Goldman Sachs, Buckingham and Caris upgrade Par Pharma (NYSE: PRX) to Neutral, Accumulate and Buy, respectively.
UBS upgrades Ann Taylor (NYSE: ANN) to Buy. Piper Jaffray is also out reiterating its Overweight rating. Click here for the full report.
Keefe, Bruyette & Woods upgrades Popular, Inc. (Nasdaq: BPOP) from Market Perform to Outperform. Price target $3.50. Here is more color on the upgrade.
Credit Suisse upgrades American Axle (NYSE: AXL) from Neutral to Outperform.
Macquarie upgrades Joy Global (Nasdaq: JOYG) from Neutral to Outperform. Price target increased from $36 to $47.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgraded Alcoa, Inc. (NYSE: AA) from Buy to Neutral, citing valuation as the stock nears their $13 price target.
Susquehanna downgrades Abercrombie & Fitch (NYSE: ANF) from Positive to Neutral. Click here for more color on the downgrade.
Stifel Nicolaus lowered its investment ratings on two homebuilders from Hold to Sell this morning: Toll Brothers (NYSE: TOL) and D.R. Horton (NYSE: DHI).
Jesup & Lamont downgrades Southwest Airlines (NYSE: LUV) from Hold to Sell on valuation. Price target $4. Here is more color.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs resumes coverage on Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) with a Buy rating and added it to their Conviction Buy List. The firm has a 6-month price target of $90.
Meredith Whitney Advisory Group initiates coverage on Discover Financial Services (NYSE: DFS) with a Neutral rating.
RBC Capital initiates coverage on Gap Inc. (NYSE: GPS) with a Sector Perform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Goldman Sachs Conviction Buy List, Credit Suisse, Piper Jaffray, Stifel Nicolaus, Keefe, Bruyette & Woods, UBS, RBC Capital, Jesup & Lamont, Meredith Whitney, Susquehanna International Group of Companies, Notable Analyst Rating ChangesSign up for StreetInsider Free!
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