Notable Analyst Rating Changes 9/21: WFC, NTAP, MAR, SHO, COST, CELG Upgraded; BK, POT, MOS, AMSC, MO Downgraded

September 21, 2009 10:48 AM EDT

UPGRADES:
An analyst at Sanford Bernstein has upgraded shares of Wells Fargo (NYSE: WFC) from Market Perform to Outperform, also raising his price target from $31 to $40.

Goldman Sachs upgraded NetApp (Nasdaq: NTAP) to Conviction Buy and raised its price target from $23 to $32, citing better revenue and margin.

Wells Fargo upgrades Marriott (NYSE: MAR) and Sunstone Hotel Investors (NYSE: SHO) to Outperform. Click here to see more color on the upgrades.

William Blair upgrades Costco Wholesale (Nasdaq: COST) from Market Perform to Outperform.

Baird upgrades Celgene (Nasdaq: CELG) to Outperform, raises price target to $65. Click here to see the full report.

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

DOWNGRADES:
Goldman Sachs is downgrading U.S. Trust Banks from Attractive to Neutral, saying market tailwinds are being offset by the ongoing headwind of low rates. The firm downgraded Bank of New York Mellon (NYSE: BK) to Neutral ($33 tgt).

Soleil Securities downgrades Potash (NYSE: POT) from Buy to Hold. The firm also cut its price target on Potash from $105 to $88, citing valuation. Here is more color on the downgrade.

Soleil Securities downgrades Mosaic (NYSE: MOS) from Buy to Hold, also cutting its price target from $65 to $56. Click here to see the full report.

Kaufman Bros. downgrades American Superconductor Corp. (NASDAQ: AMSC) from Buy to Hold. Price target $36. Click here for the full report.

Credit Suisse downgrades Altria (NYSE: MO) from Outperform to Neutral with a $20 price target.

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

NEW COVERAGE:
Citigroup initiates coverage on athenahealth (Nasdaq: ATHN) with a Sell rating.

Citi initiates coverage on MedAssets (Nasdaq: MDAS) with a Buy rating.

HSBC initiates coverage on Wal-Mart (NYSE: WMT) with an Overweight rating. Price target $61.

Rochdale Securities initiates coverage on Lazard Ltd. (NYSE: LAZ) with a Buy rating and $42.50 price target.

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


Related Categories

Special Reports

Stocks Mentioned

AMSC 32.78

-0.65 -1.94%
Volume: 386,258
Track AMSC

ATHN 41.83

-0.82 -1.92%
Volume: 180,039
Track ATHN

BK 26.30

-0.32 -1.20%
Volume: 6,027,328
Track BK

CELG 54.97

-0.78 -1.40%
Volume: 1,325,760
Track CELG

COST 60.03

-0.86 -1.41%
Volume: 1,483,275
Track COST

LAZ 38.12

-0.73 -1.88%
Volume: 263,587
Track LAZ

MAR 25.26

-0.67 -2.58%
Volume: 1,540,792
Track MAR

MDAS 23.09

-0.67 -2.82%
Volume: 84,401
Track MDAS

MO 19.00

-0.19 -0.99%
Volume: 13,636,460
Track MO

MOS 54.35

-1.63 -2.91%
Volume: 2,327,375
Track MOS

NTAP 30.83

-0.62 -1.97%
Volume: 2,531,671
Track NTAP

POT 111.64

-2.54 -2.22%
Volume: 3,593,301
Track POT

SHO 7.55

-0.27 -3.45%
Volume: 545,546
Track SHO

WFC 27.14

-0.69 -2.48%
Volume: 23,176,724
Track WFC

WMT 54.63

-0.33 -0.60%
Volume: 7,528,648
Track WMT


Related Entities


Add Your Comment