Notable Analyst Rating Changes 8/5: AIG, CREE, WBD Upgraded; NT, FIG, RACK Downgraded
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
UBS upgrades American International Group (NYSE: AIG) from Neutral to Buy, and raised its price target to $41 citing valuation.
Morgan Keegan upgrades Cree (Nasdaq: CREE) from Market Perform to Outperform.
Citigroup upgrades Wimm Bill Dann Foods (NYSE: WBD) from Hold to Buy with a $120 price target, citing valuation.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades Nortel (NYSE: NT) from Neutral to Underperform with a $7 price target, citing concerns about 2009.
Citigroup downgrades Fortress Investment (NYSE: FIG) from Hold to Sell with a $9 price target.
Merriman Curhan downgrades Rackable Systems (Nasdaq: RACK) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
UBS initiates coverage on Apple (Nasdaq: AAPL) with a Buy rating and $195 price target, citing the company's core strengths and opportunities as well as its competitive advantage.
KeyBanc initiates coverage on Best Buy (NYSE: BBY) with a Hold rating.
KeyBanc initiates coverage on Circuit City (NYSE: CC) with an Underweight rating and a $1.80 downside price target.
UBS initiates coverage on HP (NYSE: HPQ) with a Neutral rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
-2.81
+7.00Related Entities
- UBS
- Citi
- KeyBanc
- Merrill Lynch
- Merriman Curhan Ford
- Morgan Keegan & Company
- Notable Analyst Rating Changes
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