Notable Analyst Rating Changes 9/18: ETFC, SNDK, TOL, SBUX, PG, AMED Upgraded; SCHW, GENZ, MDC, IMAX, MOT Downgraded
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UPGRADES:
Goldman Sachs upgrades ETrade (Nasdaq: ETFC) from Neutral to Buy and raised their 6-month price target from $1.70 to $2.30. The firm cited improving trends in the bank and broker segments.
Merrill Lynch/BAM is upgrading Sandisk (NASDAQ: SNDK) to Buy from Undererform with a $30 target (prev. $9.90). Click here to read the full report.
JP Morgan upgrades Toll Brothers (NYSE: TOL) from Neutral to Overweight with a $29 price target.
Piper Jaffray upgrades Starbucks (Nasdaq: SBUX) from Neutral to Overweight and raised their price target from $13 to $24, saying they have more conviction in mid-teens EPS growth. Here is more color on the upgrade.
Citigroup upgrades Procter & Gamble (NYSE: PG) from Hold to Buy and raised their price target from $54 to $66. The firm said P&G will become more aggressive to win back lost market share.
UBS upgrades Amedisys (Nasdaq: AMED) from Neutral to Buy, also raising its price target from $46 to $57.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades Charles Schwab Corp. (Nasdaq: SCHW) from Neutral to Sell.
Deutsche Bank downgrades Genzyme (Nasdaq: GENZ) to Hold from Buy. Price target $61. Click here to see the full report.
JPMorgan downgrades MDC Holdings (NYSE: MDC) from Overweight to Underweight. The firm raised its price target from $29 to $37.50.
Merriman Curhan Ford downgrades IMAX Corporation (Nasdaq: IMAX) from Buy to Neutral. Here's more color on the downgrade.
Hilliard Lyons downgrades Motorola (NYSE: MOT) from Long-Term Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
FBR Capital initiates coverage on Lincoln National Corporation (NYSE: LNC) with an Outperform rating and $35 price target, citing favrable risk/reward with capital in place. Click here to see the full report.
Soleil Securities initiates coverage on Alcatel-Lucent (NYSE: ALU) with a Buy. Price target $6. Here is more color on the coverage.
Morgan Stanley initiates coverage on Interoil Corp. (NYSE: IOC) with an Overweight rating. Here is the full report.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Goldman Sachs upgrades ETrade (Nasdaq: ETFC) from Neutral to Buy and raised their 6-month price target from $1.70 to $2.30. The firm cited improving trends in the bank and broker segments.
Merrill Lynch/BAM is upgrading Sandisk (NASDAQ: SNDK) to Buy from Undererform with a $30 target (prev. $9.90). Click here to read the full report.
JP Morgan upgrades Toll Brothers (NYSE: TOL) from Neutral to Overweight with a $29 price target.
Piper Jaffray upgrades Starbucks (Nasdaq: SBUX) from Neutral to Overweight and raised their price target from $13 to $24, saying they have more conviction in mid-teens EPS growth. Here is more color on the upgrade.
Citigroup upgrades Procter & Gamble (NYSE: PG) from Hold to Buy and raised their price target from $54 to $66. The firm said P&G will become more aggressive to win back lost market share.
UBS upgrades Amedisys (Nasdaq: AMED) from Neutral to Buy, also raising its price target from $46 to $57.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades Charles Schwab Corp. (Nasdaq: SCHW) from Neutral to Sell.
Deutsche Bank downgrades Genzyme (Nasdaq: GENZ) to Hold from Buy. Price target $61. Click here to see the full report.
JPMorgan downgrades MDC Holdings (NYSE: MDC) from Overweight to Underweight. The firm raised its price target from $29 to $37.50.
Merriman Curhan Ford downgrades IMAX Corporation (Nasdaq: IMAX) from Buy to Neutral. Here's more color on the downgrade.
Hilliard Lyons downgrades Motorola (NYSE: MOT) from Long-Term Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
FBR Capital initiates coverage on Lincoln National Corporation (NYSE: LNC) with an Outperform rating and $35 price target, citing favrable risk/reward with capital in place. Click here to see the full report.
Soleil Securities initiates coverage on Alcatel-Lucent (NYSE: ALU) with a Buy. Price target $6. Here is more color on the coverage.
Morgan Stanley initiates coverage on Interoil Corp. (NYSE: IOC) with an Overweight rating. Here is the full report.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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