Notable Analyst Rating Changes 07/15: (TCK) (RKT) (SM) Upgraded; (STM) (AEG) (HK) Downgraded
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UPGRADES
BMO Capital upgrades Teck Resources (NYSE: TCK) from Market Perform to Outperform.
JPMorgan raises Rock-Tenn (NYSE: RKT) from Neutral to Overweight, its price target lowered from $81 to $80.
Wells Fargo lifts SM Energy (NYSE: SM) from Market Perform to Outperform, its valuation range boosted from $68 - $75 to $87 - $93. Click Here for more color.
Jefferies lifts Noble Corporation (NYSE: NE) from Hold to Buy, raising their price target from $45 to $48. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Morgan Stanley lowers STMicroelectronics (NYSE: STM) from Overweight to Equalweight.
Jefferies cuts Qlik Technologies (Nasdaq: QLIK) from Buy to Hold, dropping its price target from $39 to $34. Click Here for more color.
Goldman Sachs removed Aegon NV (NYSE: AEG) from its Conviction Buy List but is maintaining a Buy rating. The price target moves from €6.70 to €6.00. Click Here for more color.
Petrohawk (NYSE: HK) lowered by three today:
NEW COVERAGE
HSBC initiates Kinross Gold (NYSE: KGC) with an Overweight, and $21 price target.
BofA/Merrill Lynch begins Freeport-McMoRan (NYSE: FCX) with a Buy rating and $75 price target.
Janney Montgomery Scott starts OpenTable (Nasdaq: OPEN) with a Neutral, and $90 price target.
Goldman Sachs begins Allscripts-Misys Healthcare (Nasdaq: MDRX) with a Neutral rating and $21 price target. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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BMO Capital upgrades Teck Resources (NYSE: TCK) from Market Perform to Outperform.
JPMorgan raises Rock-Tenn (NYSE: RKT) from Neutral to Overweight, its price target lowered from $81 to $80.
Wells Fargo lifts SM Energy (NYSE: SM) from Market Perform to Outperform, its valuation range boosted from $68 - $75 to $87 - $93. Click Here for more color.
Jefferies lifts Noble Corporation (NYSE: NE) from Hold to Buy, raising their price target from $45 to $48. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Morgan Stanley lowers STMicroelectronics (NYSE: STM) from Overweight to Equalweight.
Jefferies cuts Qlik Technologies (Nasdaq: QLIK) from Buy to Hold, dropping its price target from $39 to $34. Click Here for more color.
Goldman Sachs removed Aegon NV (NYSE: AEG) from its Conviction Buy List but is maintaining a Buy rating. The price target moves from €6.70 to €6.00. Click Here for more color.
Petrohawk (NYSE: HK) lowered by three today:
- Tudor Pickering from Accumulate to Hold;
- KeyBanc from Buy to Hold. Click Here for more color; and
- Wells Fargo from Outperform to Market Perform. Click Here for more color.
NEW COVERAGE
HSBC initiates Kinross Gold (NYSE: KGC) with an Overweight, and $21 price target.
BofA/Merrill Lynch begins Freeport-McMoRan (NYSE: FCX) with a Buy rating and $75 price target.
Janney Montgomery Scott starts OpenTable (Nasdaq: OPEN) with a Neutral, and $90 price target.
Goldman Sachs begins Allscripts-Misys Healthcare (Nasdaq: MDRX) with a Neutral rating and $21 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.
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