Notable Analyst Rating Changes 11/02: (SBUX) (MNKD) (ICON) Upgraded; (GES) (FLR) (VRTX) Downgraded
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UPGRADES
CLSA raises Starbucks (Nasdaq: SBUX) from Outperform to Buy with a price target of $58.
JPMorgan boosts MannKind (Nasdaq: MNKD) from Underweight to Neutral.
Benchmark upgrades Iconix Brand (Nasdaq: ICON) from Hold to Buy, adjusting its price target from $20 to $23. Click Here for more color.
Stifel Nicolaus lifts Simon Property Group (NYSE: SPG) from Hold to Buy with a price target of $170.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Jefferies downgrades Guess (NYSE: GES) from Buy to Hold, slicing its price target from $45 down to $25. Click Here for more color.
Baird lowers Fluor (NYSE: FLR) from Outperform to Neutral, dropping its price target by $3 to $62.
Goldman Sachs cuts Vertex Pharma (Nasdaq: VRTX) from Netral to Sell, chopping its price target from $55 to $43. Click Here for more color.
Cowen reduces Spirit AeroSystems (NYSE: SPR) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Jefferies resumes Deckers Outdoor (Nasdaq: DECK) with a Buy and $50 price target. Click Here for more color.
Janney Montgomery Scott begins Susser Petroleum Partners LP (NYSE: SUSP) at Buy and $27 target.
Morgan Stanley restarts CONSOL Energy (NYSE: CNX) at Equalweight and price target of $37.
Janney Montgomery Scott initiates Summit Midstream Partners, LP (NYSE: SMLP) with a Buy and $24.50 price target.
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.
CLSA raises Starbucks (Nasdaq: SBUX) from Outperform to Buy with a price target of $58.
JPMorgan boosts MannKind (Nasdaq: MNKD) from Underweight to Neutral.
Benchmark upgrades Iconix Brand (Nasdaq: ICON) from Hold to Buy, adjusting its price target from $20 to $23. Click Here for more color.
Stifel Nicolaus lifts Simon Property Group (NYSE: SPG) from Hold to Buy with a price target of $170.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Jefferies downgrades Guess (NYSE: GES) from Buy to Hold, slicing its price target from $45 down to $25. Click Here for more color.
Baird lowers Fluor (NYSE: FLR) from Outperform to Neutral, dropping its price target by $3 to $62.
Goldman Sachs cuts Vertex Pharma (Nasdaq: VRTX) from Netral to Sell, chopping its price target from $55 to $43. Click Here for more color.
Cowen reduces Spirit AeroSystems (NYSE: SPR) from Outperform to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
Jefferies resumes Deckers Outdoor (Nasdaq: DECK) with a Buy and $50 price target. Click Here for more color.
Janney Montgomery Scott begins Susser Petroleum Partners LP (NYSE: SUSP) at Buy and $27 target.
Morgan Stanley restarts CONSOL Energy (NYSE: CNX) at Equalweight and price target of $37.
Janney Montgomery Scott initiates Summit Midstream Partners, LP (NYSE: SMLP) with a Buy and $24.50 price target.
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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