Notable Analyst Rating Changes 9/22: HPQ, M, X, DISH, BTU Upgraded; DELL, VMC, RAD, RDC Downgraded
UPGRADES:
Credit Suisse upgrades Hewlett-Packard (NYSE: HPQ) from Neutral to Outperform this morning, also raising its price target on the stock from $44 to $55.
Citigroup is out with an upgrade on Macy's (NYSE: M) to a Buy from Hold. New price target stands at $30 (prev. $15) Click here for more color.
Bank of America Merrill Lynch upgrades US Steel (NYSE: X) from Underperform to Neutral, also raising its price target from $30 to $55.
Wells Fargo upgrades DISH Network (Nasdaq: DISH) from Market Perform to Outperform. Valuation range increased to $22-24 from $18-20. Click here for the full report.
Citi upgrades Peabody Energy (NYSE: BTU) from Hold to Buy. Price target increased from $34 to $46.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Credit Suisse downgrades shares of Dell (Nasdaq: DELL) from Outperform to Neutral, moving its target on the stock from $19 to $16.
UBS downgrades Vulcan Materials (NYSE: VMC) from Buy to Neutral. Price target increased from $54 to $57.
Raymond James downgrades Rite Aid (NYSE: RAD) from Outperform to Market Perform.
Jesup & Lamont downgrades Rowan Companies (NYSE: RDC) from Hold to Sell, also setting a $17 price target.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Leerink Swann initiates coverage on Dendreon Corporation (Nasdaq: DNDN) with an Overweight rating and $40 price target, on expected FDA approval of PROVENGE and commercial outlook for the drug. Click here for the full report.
Raymond James initiates coverage on M.D.C. Holdings (NYSE: MDC) with a Strong Buy.
Rodman & Renshaw initiates coverage on FreeSeas, Inc. (NASDAQ: FREE) with a Market Perform / Speculative Risk rating.
ThinkEquity initiates coverage on Take-Two Interactive (Nasdaq: TTWO) with a Buy. Price target $15.
Stifel Nicolaus initiates coverage on Lorillard (NYSE: LO) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Credit Suisse
- Stifel Nicolaus
- UBS
- Citi
- Raymond James
- Merrill Lynch
- Banc of America
- ThinkEquity
- Jesup & Lamont
- Rodman & Renshaw
- Notable Analyst Rating Changes
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