Notable Analyst Rating Changes 09/17: (TSLA) (NVS) (MCO) Upgraded; (CYS) (CLF) (AKS) Downgraded

September 17, 2012 10:36 AM EDT
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:
  • 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.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

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.
Citi initiates OraSure Technologies (Nasdaq: OSUR) with a Buy and $13 price target.

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JPMorgan, Citi, Raymond James, Morgan Stanley, Jefferies & Co, Notable Analyst Rating Changes, Tesla, Wells Fargo