Notable Analyst Ratings Changes 8/15: (V) (VMW) (IBM) Upgraded; (ITW) (AKS) (BRCD) Downgraded
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UPGRADES:
Goldman Sachs added Visa (NYSE: V) to its Conviction Buy list with a price target of $96, saying they view the company as a secular growth model with a defensive EPS growth profile.
DOWNGRADES:
BofA/Merrill Lynch downgraded Illinois Tool Works (NYSE: ITW) to Underperform.
KeyBanc downgraded AK Steel (NYSE: AKS) from Buy to Hold.
Goldman Sachs downgraded Brocade (NASDAQ: BRCD) from Neural to Sell with a price target of $3.30 (down from $3.80).
Goldman Sachs added Visa (NYSE: V) to its Conviction Buy list with a price target of $96, saying they view the company as a secular growth model with a defensive EPS growth profile.
- Collins Stewart upgraded VMware (NYSE: VMW) from Neutral to Buy with a price target of $108.00.
- Credit Suisse upgraded VMware (NYSE: VMW) from Neutral to Outperform, price target raised fom $100 to $115.
DOWNGRADES:
BofA/Merrill Lynch downgraded Illinois Tool Works (NYSE: ITW) to Underperform.
KeyBanc downgraded AK Steel (NYSE: AKS) from Buy to Hold.
Goldman Sachs downgraded Brocade (NASDAQ: BRCD) from Neural to Sell with a price target of $3.30 (down from $3.80).
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