Notable Analyst Rating Changes 05/10: (TPX) (PRU) (KERX) Upgraded; (VRTX) (HGSI) (ORCL) Downgraded
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UPGRADES
Raymond James upgrades Tempur-Pedic (NYSE: TPX) from Market Perform to Strong Buy.
Prudential Financial (NYSE: PRU) boosted by two:
Keryx Biopharmaceuticals (Nasdaq: KERX) upgraded at two firms:
DOWNGRADES
RBC Capital moves Vertex (Nasdaq: VRTX) from Top Pick to Outperform, its price target raised from $63 to $69.
Leerink Swann cuts Human Genome Sciences (Nasdaq: HGSI) from Outperform to Market Perform, lowering its price target from $22 to $16.
ThinkEquity chops Oracle (Nasdaq: ORCL) from Buy to Hold.
Macquarie downgrades Aon Corp (NYSE: AON) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Benchmark begins Smith & Wesson Holding (Nasdaq: SWHC) with a Buy and $9 price target. Click Here for more color.
Stifel Nicolaus initiates Cree (Nasdaq: CREE) with a Buy and $38 price target.
Goldman Sachs assumes Phillips 66 (NYSE: PSX) at Neutral and $39 target.
Société Générale begins Sanofi (NYSE: SNY) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Raymond James upgrades Tempur-Pedic (NYSE: TPX) from Market Perform to Strong Buy.
Prudential Financial (NYSE: PRU) boosted by two:
- Evercore Partners from Equalweight to Overweight, price target lowered from $71 to $65; and
- Morgan Stanley from Equal Weight to Overweight with a price target of $66.
Keryx Biopharmaceuticals (Nasdaq: KERX) upgraded at two firms:
- Ladenburg Thalmann from Neutral to Buy, new price target of $3; and
- Roth Capital from Neutral to Buy, price target raised from $4 to $7.
DOWNGRADES
RBC Capital moves Vertex (Nasdaq: VRTX) from Top Pick to Outperform, its price target raised from $63 to $69.
Leerink Swann cuts Human Genome Sciences (Nasdaq: HGSI) from Outperform to Market Perform, lowering its price target from $22 to $16.
ThinkEquity chops Oracle (Nasdaq: ORCL) from Buy to Hold.
Macquarie downgrades Aon Corp (NYSE: AON) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Benchmark begins Smith & Wesson Holding (Nasdaq: SWHC) with a Buy and $9 price target. Click Here for more color.
Stifel Nicolaus initiates Cree (Nasdaq: CREE) with a Buy and $38 price target.
Goldman Sachs assumes Phillips 66 (NYSE: PSX) at Neutral and $39 target.
Société Générale begins Sanofi (NYSE: SNY) with a Buy rating.
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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