Notable Analyst Rating Changes 03/29: (WAG) (BWC) (MAR) Upgraded; (BP) (ATPG) (PM) Downgraded
UPGRADES
Credit Suisse ups Walgreen Co. (NYSE: WAG) from Neutral to Outperform, setting a $46 price target. Click Here for more color.
Goldman Sachs lifts Babcock & Wilcox (NYSE: BWC) from Neutral to Buy, boosting its price target to $39. Click Here for more color.
Wells Fargo upgrades Marriott International (NYSE: MAR) from Market Perform to Outperform, with a valuation range of $41.00 to $43.00.
Citi raises SAFEWAY (NYSE: SWY) from Sell to Hold, with its price target increased from $18 to $24.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Collins Stewart cuts shares of BP (NYSE: BP) from Hold to Sell. Click Here for more color.
Global Hunter Securities lowers ATP Oil & Gas (Nasdaq: ATPG) from Neutral to Reduce, lowering its price target from $16 to $14. Click Here for more color.
UBS downgraded Philip Morris (NYSE: PM) from Buy to Neutral.
GSI Commerce (Nasdaq: GSIC) downgraded by a badelynge of firms today:
NEW COVERAGE
BofA/Merrill Lynch initiates Copart (Nasdaq: CPRT) with a Buy, with a $50 price target.
Brean Murray Carret & Co. starts Gulf Resources (Nasdaq: GFRE) with a Buy, and price target of $10. Click Here for more color.
Global Hunter Securities begins Parker Drilling (NYSE: PKD) with a Buy, and $9 price target.
Gabelli initiates coverage on Universal Display (Nasdaq: PANL) with a Buy, and $75 price target.
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Credit Suisse ups Walgreen Co. (NYSE: WAG) from Neutral to Outperform, setting a $46 price target. Click Here for more color.
Goldman Sachs lifts Babcock & Wilcox (NYSE: BWC) from Neutral to Buy, boosting its price target to $39. Click Here for more color.
Wells Fargo upgrades Marriott International (NYSE: MAR) from Market Perform to Outperform, with a valuation range of $41.00 to $43.00.
Citi raises SAFEWAY (NYSE: SWY) from Sell to Hold, with its price target increased from $18 to $24.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Collins Stewart cuts shares of BP (NYSE: BP) from Hold to Sell. Click Here for more color.
Global Hunter Securities lowers ATP Oil & Gas (Nasdaq: ATPG) from Neutral to Reduce, lowering its price target from $16 to $14. Click Here for more color.
UBS downgraded Philip Morris (NYSE: PM) from Buy to Neutral.
GSI Commerce (Nasdaq: GSIC) downgraded by a badelynge of firms today:
- Janney Montgomery Scott from Buy to Neutral with a $35 price target. Click Here for more color;
- ThinkEquity from Buy to Hold, with a $32 price target;
- UBS from Buy to Neutral. Click Here for more color;
- Macquarie from Outperform to Neutral;
- Wedbush from Outperform to Neutral, with a price target lowered from $33 to $29.25. Click Here for more color; and
- Lazard Capital from Buy to Hold.
NEW COVERAGE
BofA/Merrill Lynch initiates Copart (Nasdaq: CPRT) with a Buy, with a $50 price target.
Brean Murray Carret & Co. starts Gulf Resources (Nasdaq: GFRE) with a Buy, and price target of $10. Click Here for more color.
Global Hunter Securities begins Parker Drilling (NYSE: PKD) with a Buy, and $9 price target.
Gabelli initiates coverage on Universal Display (Nasdaq: PANL) with a Buy, and $75 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.
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