Notable Analyst Rating Changes 9/23: NLY, SSCC, APC Upgraded; GE, FIG, CC, MPEL Downgraded
UPGRADES:
Merrill Lynch upgrades Annaly (NYSE: NLY) from Neutral to Buy.
Goldman Sachs upgrades Smurfit-Stone Container Corp. (Nasdaq: SSCC) from Neutral to Buy with an $8 price target
Stanford Group upgrades Anadarko Petroleum (NYSE: APC) from Hold to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades General Electric (NYSE: GE) from Buy to Neutral and cuts its price target from $37.50 to $28, citing growing fundamental pressures.
Keefe, Bruyette and Woods downgrades Fortress Investment Group (NYSE: FIG) from Outperform to Market Perform.
Jefferies & Co downgrades Circuit City (NYSE: CC) from Hold to Underperform.
J.P. Morgan downgrades Melco Crown Entertainment (Nasdaq: MPEL) from Overweight to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Jefferies & Co initiates coverage on McCormick & Schmick’s (Nasdaq: MSSR) with a Buy rating. Price target $12.
Jesup & Lamont initiates coverage on O'Reilly Automotive (Nasdaq: ORLY) with a Buy. Price target $36.
Soleil Securities initiates coverage on United Rentals, Inc. (NYSE: URI) with a Sell. Price target $14.
Stifel Nicolaus initiates coverage on Owens Corning (NYSE: OC) 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
- Stifel Nicolaus
- JPMorgan
- Goldman Sachs
- Jefferies & Co
- Merrill Lynch
- Soleil Securities
- Jesup & Lamont
- Stanford
- Notable Analyst Rating Changes
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
