Notable Analyst Rating Changes 05/10: (FE) (SKS) (GTXI) Upgraded; (SFD) (BID) (AEO) Downgraded

May 10, 2011 10:47 AM EDT
UPGRADES
Wells Fargo upgrades FirstEnergy Corp. (NYSE: FE) from Market Perform to Outperform, with a valuation range increased from $41 - $42 to $47 - $48. Click Here for more color.

Goldman Sachs lifts Saks Inc. (NYSE: SKS) from Sell to Neutral with a $12 price target. Click Here for more color.

Lazard Capital upgraded GTX Inc. (Nasdaq: GTXI) from Hold to Buy.

Rosetta Resources (Nasdaq: ROSE) upgraded by two today:
  • Citi from Hold to Buy, rasining its price target on the stock from $44 to $60; and

  • Wunderlich Securities from Hold to Buy, and a price target increased from $47 to $57.
Louisiana-Pacific Corp (NYSE: LPX) also receives two upgrades:
  • TD Newcrest from Reduce to Hold, lowering its price target from $10 to $9. Click Here for more color; and

  • D.A. Davidson from Neutral to Buy, with an $11 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
BofA/Merrill Lynch lowers Smithfield Foods (NYSE: SFD) from Buy to Underperform.

Craig-Hallum reduces Sotheby's (NYSE: BID) from Buy to Accumulate, also lowering its price target from $58 to $50.

Janney Montgomery Scott downgraded American Eagle Outfitters (NYSE: AEO) from Buy to Neutral, and $15 price target. Click Here for more color.

Goldman Sachs dices Jones Apparel Group (NYSE: JNY) from Neutral to Sell with an $11 price target. Click Here for more color.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
BGC Partners initiates Cisco (Nasdaq: CSCO) with a Buy, and $24 price target. Click Here for more color.

Dahlman Rose starts NRG Energy (NYSE: NRG) with a Buy, and $29 price target. Click Here for more color.

FBN Securities begins Seagate (NYSE: STX) at Sector Perform, with a $20 price target.

Morgan Joseph initiates coverage on Local.com (Nasdaq: LOCM) with a Buy, and $5 price target. Click Here for more color.

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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Citi, Lazard, Morgan Joseph, D.A. Davidson, Janney Montgomery Scott, TD Newcrest, Notable Analyst Rating Changes, Wunderlich Securities, Wells Fargo