Notable Analyst Rating Changes 9/21: WFC, NTAP, MAR, SHO, COST, CELG Upgraded; BK, POT, MOS, AMSC, MO Downgraded
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 ReportsStocks Mentioned
Related Entities
- Credit Suisse
- William Blair
- Kaufman Bros.
- Citi
- Robert W Baird
- Soleil Securities
- Sanford C. Bernstein
- Lazard
- HSBC
- Notable Analyst Rating Changes
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