Notable Analyst Rating Changes 8/12: FCX, PVA, RIO, DAL, CAL, AMR Upgraded; GS, WYNN, LUV, MCD Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Soleil Securities upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Hold to Buy with a $135 price target, citing valuation.
SunTrust Robinson Humphrey upgrades Penn Virginia (NYSE: PVA) from Hold to Buy with a $93 price target.
HSBC upgrades Vale (NYSE: RIO) from Underweight to Neutral.
J.P. Morgan upgrades Alaska Air Group (NYSE: ALK) and Delta Air Lines (NYSE: DAL) from Neutral to Overweight, AMR Corp (NYSE: AMR), Continental (NYSE: CAL), and US Airways (NYSE: LCC) upgraded from Underweight to Overweight, and Northwest Airlines (NYSE: NWA) was upgraded from Underweight to Neutral.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank's Mike Mayo downgrades Goldman Sachs (NYSE: GS) from Buy to Hold and lowers his price target from $209 to $192, citing its leverage to the equity markets.
J.P. Morgan downgrades Wynn Resorts (Nasdaq: WYNN) from Overweight to Neutral.
J.P. Morgan downgrades Southwest Airlines (NYSE: LUV) from Neutral to Underweight.
UBS downgrades McDonald's (NYSE: MCD) from Buy to Neutral, citing slowing fast food trends in the U.S.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs initiates coverage on AU Optronics (NYSE: AUO) with a Buy rating.
Citi initiates coverage on Best Buy Co Inc (NYSE: BBY) with a Hold. Price target $47.
Piper Jaffray initiates coverage on United Therapeutics (NASDAQ: UTRH) with a Sell rating and a $68 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Piper Jaffray
- Deutsche Bank
- UBS
- JPMorgan
- Goldman Sachs
- Citi
- Soleil Securities
- SunTrust Robinson Humphrey
- HSBC
- Mike Mayo
- Notable Analyst Rating Changes
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