Notable Analyst Rating Changes 9/12: (WMT) (P) (PM) Upgraded; (HES) (OXY) (SALE) Downgraded

September 12, 2016 10:23 AM EDT

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UPGRADES

Cowen upgrades Wal-Mart (NYSE: WMT) from Market Perform to Outperform and moves its price target from $76 to $83. Click Here for more color.

SunTrust Robinson Humphrey raises Pandora (NYSE: P) from Neutral to Buy with a price target of $18. Click Here for more color.

Goldman Sachs lifts Philip Morris (NYSE: PM) from Neutral to Conviction Buy with a price target of $114. Click Here for more color.

JPMorgan boosts ConocoPhillips (NYSE: COP) from Neutral to Overweight with a price target of $51.

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

DOWNGRADES
Wolfe Research downgrades Hess Corp. (NYSE: HES) from Peerperform to Underperform.

JPMorgan drops Occidental Petroleum (NYSE: OXY) from Neutral to Underweight and moves its price target from $77 to $78.

Imperial Capital cuts VeriFone (NYSE: PAY) from Outperform to In-Line and lowers its price target from $24 down to $18. Click Here for more color.

Morgan Stanley lowers RetailMeNot Inc. (Nasdaq: SALE) from Equalweight to Underweight with a price target of $8.60.

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

NEW COVERAGE
Craig-Hallum initiates Demand Media (NYSE: DMD) with a Buy rating and a price target of $10.

Rosenblatt assumes coverage on Palo Alto Networks (NYSE: PANW) with a Buy rating and a price target of $175. Click Here for more color.

Berenberg starts Gilead Sciences (Nasdaq: GILD) with a Buy rating and a price target of $112. Click Here for more color.

Wells Fargo resumes PVH Corp (NYSE: PVH) with a Outperform rating and a valuation range of $125-$127. Click Here for more color.

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

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JPMorgan, Goldman Sachs, Morgan Stanley, SunTrust Robinson Humphrey, Notable Analyst Rating Changes, Cowen & Co, Wells Fargo, Imperial Capital, Rosenblatt

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