Notable Analyst Rating Changes 9/2: (TEVA) (PES) (AMFW) Upgraded; (STM) (NVO) (GCO) Downgraded

September 2, 2016 10:23 AM EDT

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UPGRADES
Oppenheimer raises Teva Pharma (NYSE: TEVA) from Perform to Outperform with a price target of $66. Click Here for more color.

Jefferies moves Pioneer Energy Services Corp (NYSE: PES) from Hold to Buy and moves its price target from $5 up to $6. Click Here for more color.

BofA/Merrill Lynch upgrades Amec Foster Wheeler (NYSE: AMFW) from Neutral to Buy.

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

DOWNGRADES
BofA/Merrill Lynch downgrades STMicroelectronics (NYSE: STM) from Neutral to Underperform.

Morgan Stanley cuts Novo Nordisk (NYSE: NVO) from Overweight to Equalweight.

Baird drops Genesco (NYSE: GCO) from Outperform to Neutral and moves its price target from $80 to $53.

Raymond James lowers Physicians Realty Trust (NYSE: DOC) from Outperform to Market Perform and removed its $20 price target.

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

NEW COVERAGE
Raymond James initiates Abbvie (NYSE: ABBV) with an Outperform rating and a price target of $82.

Berenberg assumes coverage on CEMEX (NYSE: CX) with a Hold rating and a price target of $8.30. Click Here for more color.

Piper Jaffray starts Cornerstone OnDemand (Nasdaq: CSOD) with a Overweight rating and a price target of $53. Click Here for more color.

JPMorgan reinstates Energy Transfer Equity, L.P. (NYSE: ETE) with an Overweight rating and a price target of $21.

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

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Piper Jaffray, JPMorgan, Raymond James, Morgan Stanley, Jefferies & Co, Merrill Lynch, Robert W Baird, Bank of America, Notable Analyst Rating Changes

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