Notable Analyst Rating Changes 06/27: (LEAP) (VCLK) (YNDX) Upgraded; ((PG) (HAS) (SKS) Downgraded
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UPGRADES
Guggenheim upgrades Leap Wireless (Nasdaq: LEAP) from Neutral to Buy with a price target of $10.
Benchmark raises ValueClick, Inc (Nasdaq: VCLK) from Hold to Buy, maintains price target of $20. Click Here for more color.
UBS lifts Yandex (Nasdaq: YNDX) from Neutral to Buy.
Needham & Company boosts News Corp. (Nasdaq: NWSA) from Hold to Buy with a new price target of $27. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
RBC Capital downgrades Procter & Gamble (NYSE: PG) from Outperform to Sector Perform with a price target of $64.00 (from $70.00).
Citi lowers Macy's (NYSE: M) from Buy to Neutral, moving its price target from $49 to $39.
Citi cuts Hasbro (Nasdaq: HAS) from Neutral to Sell with a price target of $31.00 (from $36.00).
Citi reduces Saks (NYSE: SKS) from Buy to Neutral. its price target lowered from $14 down to $11.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Piper Jaffray assumes Sirius XM Radio (Nasdaq: SIRI) with an Overweight and price target of $2.50.
Northland Securities initiates Broadcom (Nasdaq: BRCM) with a Outperform and price target of $42.
Stifel Nicolaus initiates coverage on Zynga (Nasdaq: ZNGA) with a Buy and $8.50 price target.
Facebook's (Nasdaq: FB) quiet period ends, here's the lowdown:
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Guggenheim upgrades Leap Wireless (Nasdaq: LEAP) from Neutral to Buy with a price target of $10.
Benchmark raises ValueClick, Inc (Nasdaq: VCLK) from Hold to Buy, maintains price target of $20. Click Here for more color.
UBS lifts Yandex (Nasdaq: YNDX) from Neutral to Buy.
Needham & Company boosts News Corp. (Nasdaq: NWSA) from Hold to Buy with a new price target of $27. Click Here for more color.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
RBC Capital downgrades Procter & Gamble (NYSE: PG) from Outperform to Sector Perform with a price target of $64.00 (from $70.00).
Citi lowers Macy's (NYSE: M) from Buy to Neutral, moving its price target from $49 to $39.
Citi cuts Hasbro (Nasdaq: HAS) from Neutral to Sell with a price target of $31.00 (from $36.00).
Citi reduces Saks (NYSE: SKS) from Buy to Neutral. its price target lowered from $14 down to $11.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Piper Jaffray assumes Sirius XM Radio (Nasdaq: SIRI) with an Overweight and price target of $2.50.
Northland Securities initiates Broadcom (Nasdaq: BRCM) with a Outperform and price target of $42.
Stifel Nicolaus initiates coverage on Zynga (Nasdaq: ZNGA) with a Buy and $8.50 price target.
Facebook's (Nasdaq: FB) quiet period ends, here's the lowdown:
- Piper Jaffray at Overweight;
- William Blair at Outperform;
- JPMorgan at Overweight;
- Morgan Stanley at Overweight;
- Goldman Sachs at Buy;
- Wells Fargo at Outperform;
- Stifel Nicolaus at Hold;
- Oppenheimer at Outperform. Click Here for more color;
- Cit at Neutral;
- BfoA/Merrill Lynch at Neutral;
- Pacific Crest at Sector Perform;
- Raymond James at Market Perform;
- Credit Suisse at Neutral;
- Lazard at Equialweight;
- Barclays at Equalweight; and
- BMO Capital at Underperform.
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