Notable Analyst Rating Changes for 12/9: S, MMM, CA, RNWK, NYX Upgraded; KR, ACN, LLL, LMT, RTN, MDAS Downgraded
UPGRADES:
Citi has upgraded shares of Sprint Nextel (NYSE: S) from Hold to Buy, and raised their price target on the stock slightly from $5 to $5.50.
Citi upgrades 3M (NYSE: MMM) from Hold to Buy.
Deutsche Bank upgrades CA, Inc. (NYSE: CA) from Hold to Buy. Price target increased from $22 to $28. Click Here for more color.
J.P. Morgan upgrades RealNetworks (NASDAQ: RNWK) from Underweight to Neutral.
Raymond James upgrades NYSE Euronext (NYSE: NYX) from Market Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Kroger (NYSE: KR) from Buy to Neutral, also reducing its price target from $30 to $22.
Kaufman Bros. downgrades Accenture Ltd. (NYSE: ACN) from Buy to Hold. Price target increased from $41 to $43.
Macquarie downgraded Aerospace/Defense stocks:
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Oppenheimer initiates coverage on CMS Energy (NYSE: CMS) with an Outperform rating. Price target $17.
Goldman Sachs initiates coverage on Boise (NYSE: BZ) with a Neutral rating and $5.85 price target. Click Here for more color.
BMO Capital initiates coverage on Avnet (NYSE: AVT) with a Speculative Outperform rating.
Jefferies initiates coverage on Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Citi has upgraded shares of Sprint Nextel (NYSE: S) from Hold to Buy, and raised their price target on the stock slightly from $5 to $5.50.
Citi upgrades 3M (NYSE: MMM) from Hold to Buy.
Deutsche Bank upgrades CA, Inc. (NYSE: CA) from Hold to Buy. Price target increased from $22 to $28. Click Here for more color.
J.P. Morgan upgrades RealNetworks (NASDAQ: RNWK) from Underweight to Neutral.
Raymond James upgrades NYSE Euronext (NYSE: NYX) from Market Perform to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Kroger (NYSE: KR) from Buy to Neutral, also reducing its price target from $30 to $22.
Kaufman Bros. downgrades Accenture Ltd. (NYSE: ACN) from Buy to Hold. Price target increased from $41 to $43.
Macquarie downgraded Aerospace/Defense stocks:
- L-3 Communications (NYSE: LLL) from Neutral to Underperform;
- Lockheed Martin (NYSE: LMT) two notches from Outperform to Underperform; and
- Raytheon (NYSE: RTN) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Oppenheimer initiates coverage on CMS Energy (NYSE: CMS) with an Outperform rating. Price target $17.
Goldman Sachs initiates coverage on Boise (NYSE: BZ) with a Neutral rating and $5.85 price target. Click Here for more color.
BMO Capital initiates coverage on Avnet (NYSE: AVT) with a Speculative Outperform rating.
Jefferies initiates coverage on Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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