Notable Analyst Rating Changes 07/15: (TCK) (RKT) (SM) Upgraded; (STM) (AEG) (HK) Downgraded

July 15, 2011 10:51 AM EDT
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:
  • 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.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

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.


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

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Goldman Sachs Conviction Buy List, JPMorgan, KeyBanc, Morgan Stanley, Jefferies & Co, BMO Capital, Janney Montgomery Scott, HSBC, Notable Analyst Rating Changes, Wells Fargo