Notable Analyst Rating Changes for 02/09: VZ, XCO, WBC, CAT Upgraded; TMRK, PTR, ERTS Downgraded
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.
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
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Related Entities
- Credit Suisse
- Deutsche Bank
- Brean Murray Carret & Co.
- JPMorgan
- Morgan Stanley
- Jefferies & Co
- Needham & Company
- Sanford C. Bernstein
- Barclays
- Notable Analyst Rating Changes
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