StreetInsider.com Notable Analyst Rating Changes 09/26
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Notable Analyst Rating Changes:
UPGRADES:
JP Morgan upgrades CVS Caremark (NYSE: CVS) from Neutral to Overweight
Wachovia upgrades American Eagle Outfitters (NYSE: AEO) from Market Perform to Outperform, saying the company is well positioned to carry momentum off a strong Spring/Summer into the Fall and Holiday seasons. Raise valuations range from $26-$28 to $32-$24.
Credit Suisse upgrades CIT Group (NYSE: CIT) from Neutral to Outperform with a $52 price target.
Stifel Nicolaus upgrades Tempur Pedic International Inc. (NYSE: TPX) from Hold to Buy with a $42 price target. The firm said, "We believe that Tempur-Pedic is leading a fundamental change in the mattress business that establishes a true brand at higher price points."
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Under Armour (NYSE: UA) from Buy to Neutral with a $68 price target, citing slowing sales growth.
Standford Group downgrades Vonage Holdings (NYSE: VG) from Hold to Sell with a $0.75 price target.
Goldman Sachs downgrades Sprint Nextel (NYSE: S) from Buy to Neutral with a $21 price target.
Merrill Lynch downgrades Jabil Circuit (NYSE: JBL) from Neutral to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
RBC Capital reinstates coverage on Whole Foods Market Inc. (Nasdaq: WFMI) with an Outperform rating and $55 price target.
Citigroup initiates coverage on Research in Motion (Nasdaq: RIMM) with a Buy rating and $115 price target, saying the recent stock price appreciation is fundamental (not momentum).
HSBC initiates coverage on Winn-Dixie Stores (Nasdaq: WINN) with an Underweight rating and $18 price target.
Jefferies initiates coverage on Monsanto Co. (NYSE: MON) with a Buy rating and $100 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
UPGRADES:
JP Morgan upgrades CVS Caremark (NYSE: CVS) from Neutral to Overweight
Wachovia upgrades American Eagle Outfitters (NYSE: AEO) from Market Perform to Outperform, saying the company is well positioned to carry momentum off a strong Spring/Summer into the Fall and Holiday seasons. Raise valuations range from $26-$28 to $32-$24.
Credit Suisse upgrades CIT Group (NYSE: CIT) from Neutral to Outperform with a $52 price target.
Stifel Nicolaus upgrades Tempur Pedic International Inc. (NYSE: TPX) from Hold to Buy with a $42 price target. The firm said, "We believe that Tempur-Pedic is leading a fundamental change in the mattress business that establishes a true brand at higher price points."
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
UBS downgrades Under Armour (NYSE: UA) from Buy to Neutral with a $68 price target, citing slowing sales growth.
Standford Group downgrades Vonage Holdings (NYSE: VG) from Hold to Sell with a $0.75 price target.
Goldman Sachs downgrades Sprint Nextel (NYSE: S) from Buy to Neutral with a $21 price target.
Merrill Lynch downgrades Jabil Circuit (NYSE: JBL) from Neutral to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
RBC Capital reinstates coverage on Whole Foods Market Inc. (Nasdaq: WFMI) with an Outperform rating and $55 price target.
Citigroup initiates coverage on Research in Motion (Nasdaq: RIMM) with a Buy rating and $115 price target, saying the recent stock price appreciation is fundamental (not momentum).
HSBC initiates coverage on Winn-Dixie Stores (Nasdaq: WINN) with an Underweight rating and $18 price target.
Jefferies initiates coverage on Monsanto Co. (NYSE: MON) with a Buy rating and $100 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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