Notable Analyst Rating Changes 09/17: (TSLA) (NVS) (MCO) Upgraded; (CYS) (CLF) (AKS) Downgraded
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UPGRADES
Morgan Stanley boosted Tesla Motors (Nasdaq: TSLA) two-notches, from Underweight to Overweight. The firm also boosted its price target from $45 up to $50. Click Here for more color.
Exane BNP Paribas upgrades Novartis (NYSE: NVS) from Neutral to Outperform.
Benchmark lifts Moody's Corp (NYSE: MCO) from Hold to Buy, moving its price target from $43 to $51. Click Here for more color.
Global Hunter Securities raises Gulfport Energy (Nasdaq: GPOR) from Accumulate to Buy with a price target of $43.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
FBR Capital lops CYS Investments (NYSE: CYS) from Outperform to Market Perform with a price target of $15.
Citi downgrades Marathon Petroleum (NYSE: MPC) from Buy to Neutral.
JPMorgan reduces Cliffs Natural Resources (NYSE: CLF) from Overweight to Neutral, slashing its price target from $55 down to $36.
AK Steel (NYSE: AKS) downgraded by two today:
NEW COVERAGE
Macquarie starts Netflix (Nasdaq: NFLX) with a Underperform rating and downside price target of $50.
Bloomin' Brands (Nasdaq: BLMN) initiated by a handful of firms Monday:
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.
Morgan Stanley boosted Tesla Motors (Nasdaq: TSLA) two-notches, from Underweight to Overweight. The firm also boosted its price target from $45 up to $50. Click Here for more color.
Exane BNP Paribas upgrades Novartis (NYSE: NVS) from Neutral to Outperform.
Benchmark lifts Moody's Corp (NYSE: MCO) from Hold to Buy, moving its price target from $43 to $51. Click Here for more color.
Global Hunter Securities raises Gulfport Energy (Nasdaq: GPOR) from Accumulate to Buy with a price target of $43.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
FBR Capital lops CYS Investments (NYSE: CYS) from Outperform to Market Perform with a price target of $15.
Citi downgrades Marathon Petroleum (NYSE: MPC) from Buy to Neutral.
JPMorgan reduces Cliffs Natural Resources (NYSE: CLF) from Overweight to Neutral, slashing its price target from $55 down to $36.
AK Steel (NYSE: AKS) downgraded by two today:
- JPMorgan from Overweight to Neutral, its price target lowered from $9.50 down to $7; and
- CRT Capitalfrom Buy to Fairly Valued with a price target of $7.
NEW COVERAGE
Macquarie starts Netflix (Nasdaq: NFLX) with a Underperform rating and downside price target of $50.
Bloomin' Brands (Nasdaq: BLMN) initiated by a handful of firms Monday:
- BofA/Merrill Lynch at Buy and $18 target;
- Goldman Sachs with a Buy rating and $17 price target. Click Here for more color;
- Wells Fargo with an Outperform rating and $16 - $17 valuation range. Click Here for more color;
- Raymond James at Outperform and $17 price target; and
- Jefferies at Buy and $17.50 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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