Notable Analyst Rating Changes 8/21: SPWRA, GPS, CRM, LTD, UDR, JBL Upgraded; STP, DKS, INTU, LZ Downgraded
UPGRADES:
Merriman Curhan Ford transitions coverage on SunPower (Nasdaq: SPWRA) and upgrades the stock from Sell to Buy. Click here for more color on the upgrade.
FBR Capital and KeyBanc upgraded Gap (NYSE: GPS) to Outperform and Buy, respectively.
Piper Jaffray and FBR Capital upgrade salesforce.com (NYSE: CRM).
Citigroup upgrades Limited Brands (NYSE: LTD) from Hold to Buy.
Wells Fargo upgrades UDR, Inc. (NYSE: UDR) to Market Perform. Valuation Range: $11.50-$13.00 from $6.00-$7.00. Click here for the full report.
Citi upgrades Jabil Circuit (NYSE: JBL) from Hold to Buy. Price target increased from $8 to $13.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Jefferies, Macquarie and Cowen downgrade shares of Suntech (NYSE: STP) to Underperform, Neutral and Neutral, respectively.
Goldman Sachs downgrades Dick's Sporting Goods (NYSE: DKS) from Buy to Neutral, also removing the stock from it's America's Buy List. Despite the downgrade, the firm raised its price target on Dick's from $20 to $24. The stock was also downgraded to Hold at Needham.
Credit Suisse downgrades Intuit (Nasdaq: INTU) from Outperform to Neutral. Price target lowered $3 to $30.
J.P. Morgan downgrades Lubrizol Corp (NYSE: LZ) from Overweight to Neutral. Price target loweered $5 to $65.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merriman Curhan Ford transactions coverage on First Solar (Nasdaq: FSLR) with a Buy rating. Here is more color.
Morgan Stanley initiates coverage on Netflix (Nasdaq: NFLX) with an Overweight. Price target $56.
Oppenheimer initiates coverage on Tiffany & Co (NYSE: TIF) with an Outperform. Price target $38.
Morgan Stanley initiates coverage on Overstock.com (Nasdaq: OSTK) with an Underweight. Price target $13.
ThinkEquity initiates coverage on Allion Healthcare (Nasdaq: ALLI) with a Buy rating. Price target $9.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Merriman Curhan Ford transitions coverage on SunPower (Nasdaq: SPWRA) and upgrades the stock from Sell to Buy. Click here for more color on the upgrade.
FBR Capital and KeyBanc upgraded Gap (NYSE: GPS) to Outperform and Buy, respectively.
Piper Jaffray and FBR Capital upgrade salesforce.com (NYSE: CRM).
Citigroup upgrades Limited Brands (NYSE: LTD) from Hold to Buy.
Wells Fargo upgrades UDR, Inc. (NYSE: UDR) to Market Perform. Valuation Range: $11.50-$13.00 from $6.00-$7.00. Click here for the full report.
Citi upgrades Jabil Circuit (NYSE: JBL) from Hold to Buy. Price target increased from $8 to $13.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Jefferies, Macquarie and Cowen downgrade shares of Suntech (NYSE: STP) to Underperform, Neutral and Neutral, respectively.
Goldman Sachs downgrades Dick's Sporting Goods (NYSE: DKS) from Buy to Neutral, also removing the stock from it's America's Buy List. Despite the downgrade, the firm raised its price target on Dick's from $20 to $24. The stock was also downgraded to Hold at Needham.
Credit Suisse downgrades Intuit (Nasdaq: INTU) from Outperform to Neutral. Price target lowered $3 to $30.
J.P. Morgan downgrades Lubrizol Corp (NYSE: LZ) from Overweight to Neutral. Price target loweered $5 to $65.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merriman Curhan Ford transactions coverage on First Solar (Nasdaq: FSLR) with a Buy rating. Here is more color.
Morgan Stanley initiates coverage on Netflix (Nasdaq: NFLX) with an Overweight. Price target $56.
Oppenheimer initiates coverage on Tiffany & Co (NYSE: TIF) with an Outperform. Price target $38.
Morgan Stanley initiates coverage on Overstock.com (Nasdaq: OSTK) with an Underweight. Price target $13.
ThinkEquity initiates coverage on Allion Healthcare (Nasdaq: ALLI) with a Buy rating. Price target $9.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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