Notable Analyst Rating Changes for 02/09: VZ, XCO, WBC, CAT Upgraded; TMRK, PTR, ERTS Downgraded

February 9, 2010 10:09 AM EST

UPGRADES
Sanford C. Bernstein upgrades Verizon (NYSE: VZ) from Underperform to Market Perform.

Goldman Sachs upgrades EXCO Resources (NYSE: XCO) from Neutral to Buy with a $25 6-month price target. Click Here for more color.

J.P. Morgan upgrades WABCO Holdings (NYSE: WBC) from Neutral to Overweight. Price target increased from $26 to $31.

Morgan Stanley upgrades Caterpillar (NYSE: CAT) from Underweight to Overweight, price target raised from $51 to $70. Click Here for more color.

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

DOWNGRADES
Jefferies & Co downgrades Terremark (NASDAQ: TMRK) from Buy to Hold. Price target $8.

Goldman Sachs downgraded PetroChina (NYSE: PTR) from Neutral to Sell.

Analysts take negative view on Electronic Arts (NASDAQ: ERTS):

  • Credit Suisse downgraded GameStop from Outperform to Neutral and also lowered the stock's price target from $28 to $25;

  • Needham & Company downgrades from Buy to Hold. Click Here for more color;

  • Wedbush maintains an 'Outperform' rating and lowers price target from $23 to $20. Click Here for more color; and

  • Brean Murray maintains a 'Buy' but lowers their price target from $22 to $20.
For daily real-time Upgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE
Deutsche Bank initiates coverage on Complete Production Services (NYSE: CPX) with a Buy rating. Price target $20. Click Here for more color.

Barclays initiates coverage on Fulton Financial (NASDAQ: FULT) with an Overweight rating. Price target $11.

Benchmark Securities initiates coverage on Vitacost.com (NASDAQ: VITC) with a Buy.

Needham & Company initiates coverage on Time Warner Inc. (NYSE: TWX) with a Hold rating. Click Here for more color.

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


Related Categories

Special Reports

Stocks Mentioned

CAT 68.54

+0.38 +0.56%
Volume: 5,300,527
Track CAT

CPX 18.83

+0.18 +0.97%
Volume: 1,608,336
Track CPX

ERTS 16.36

+0.25 +1.55%
Volume: 3,653,818
Track ERTS

FULT 8.65

-0.01 -0.12%
Volume: 777,776
Track FULT

PTR 111.59

+0.01 +0.01%
Volume: 243,820
Track PTR

TMRK 8.84

+0.00 +0.00%
Volume: 735,530
Track TMRK

TWX 31.40

+0.64 +2.08%
Volume: 4,263,994
Track TWX

VITC 6.72

+1.12 +20.00%
Volume: 682,902
Track VITC

VZ 30.11

-0.15 -0.50%
Volume: 11,228,851
Track VZ

WBC 38.70

+1.86 +5.05%
Volume: 637,032
Track WBC

XCO 13.99

+0.02 +0.14%
Volume: 1,460,684
Track XCO


Related Entities


Add Your Comment





Follow StreetInsider.com On Twitter