Notable Analyst Rating Changes 8/8: (AIG) (MRK) (WUBA) Upgraded; (PLD) (BMY) (FOXA) Downgraded

August 8, 2016 10:30 AM EDT

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UPGRADES
Goldman Sachs upgrades American International Group (NYSE: AIG) from Buy to Conviction Buy with a price target of $68. Click Here for more color.

Credit Suisse moves Merck (NYSE: MRK) from Neutral to Outperform with a price target of $73. Click Here for more color.

CLSA raises 58. com Inc (NYSE: WUBA) from Outperform to Buy and moves its price target from $53 up to $65.

Morgan Stanley lifts FirstEnergy Corp. (NYSE: FE) from Equalweight to Overweight and moves its price target from $38 to $41.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
CapitalOne downgrades ProLogis (NYSE: PLD) from Equal-weight to Underweight with a price target of $48.

Credit Suisse drops Bristol-Myers Squibb Co. (NYSE: BMY) from Outperform to Neutral with a price target of $63. Click Here for more color.

Barclays lowers 21st Century Fox (Nasdaq: FOXA) from Overweight to Equalweight and moves its price target from $33 to $29.

Deutsche Bank cuts Fred's Inc. (Nasdaq: FRED) from Hold to Sell and adjusts its price target from $15 down to $12. Click Here for more color.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Rosenblatt initiates Oracle (NYSE: ORCL) with a Buy rating and a price target of $48. Click Here for more color.

BTIG assumes coverage on Level 3 Communications (NYSE: LVLT) with a Buy rating and a price target of $63. Click Here for more color.

Atlantic Equities starts Baker Hughes (NYSE: BHI) with an Underweight rating and a price target of $37.

Rosenblatt begins Hortonworks (Nasdaq: HDP) with a Buy rating and a price target of $20. Click Here for more color.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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