Notable Analyst Rating Changes 11/06: (UBS) (CMG) (AIV) Upgraded; (ESRX) (BMRN) (TWTC) Downgraded
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UPGRADES
Barclays upgrades UBS AG (NYSE: UBS) from Underweight to Overweight with a CHF 18 price target.
BofA/Merrill Lynch raises Chipotle Mexican Grill (NYSE: CMG) from Neutral to Buy.
Wells Fargo lifts Apartment Investment Management (NYSE: AIV) from Underperform to Market Perform, adjusting its price target from $23 up to $26.50. Click Here for more color.
Stifel Nicolaus boosts Penn Virginia (NYSE: PVA) from Hold to Buy with a price target of $6.50.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Jefferies cuts Express Scripts (Nasdaq: ESRX) from Buy to Hold, moving its price target from $70 down to $56. Click Here for more color.
Brean Capital downgrades BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) from Buy to Hold. Click Here for more color.
FBR Capital reduces tw telecom (Nasdaq: TWTC) from Market Perform to Underperform, reducing its target by $2 to $20.
ServiceSource International (NASDAQ: SREV) lowered by three firms today:
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
BofA/Merrill Lynch assumes LifeLock (NYSE: LOCK) at Buy and $12 price target.
Diamondback Energy (Nasdaq: FANG) initiated by a handful of fims:
FBR Capital initiates Palo Alto Networks (NYSE: PANW) with a Market Perform and $58 price target.
Workday (NYSE: WDAY) started by a gaggle of firms Tuesday:
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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Barclays upgrades UBS AG (NYSE: UBS) from Underweight to Overweight with a CHF 18 price target.
BofA/Merrill Lynch raises Chipotle Mexican Grill (NYSE: CMG) from Neutral to Buy.
Wells Fargo lifts Apartment Investment Management (NYSE: AIV) from Underperform to Market Perform, adjusting its price target from $23 up to $26.50. Click Here for more color.
Stifel Nicolaus boosts Penn Virginia (NYSE: PVA) from Hold to Buy with a price target of $6.50.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES
Jefferies cuts Express Scripts (Nasdaq: ESRX) from Buy to Hold, moving its price target from $70 down to $56. Click Here for more color.
Brean Capital downgrades BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) from Buy to Hold. Click Here for more color.
FBR Capital reduces tw telecom (Nasdaq: TWTC) from Market Perform to Underperform, reducing its target by $2 to $20.
ServiceSource International (NASDAQ: SREV) lowered by three firms today:
- Deutsche Bank from Buy to Hold, more than halving its target from $15 down to $7. Click Here for more color;
- Morgan Stanley from Overweight to Equalweight; and
- CLSA from Buy to Outperform, slicing its target from $19 down to $8.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
NEW COVERAGE
BofA/Merrill Lynch assumes LifeLock (NYSE: LOCK) at Buy and $12 price target.
Diamondback Energy (Nasdaq: FANG) initiated by a handful of fims:
- Wells Fargo with an Outperform rating and $26 to $30 valuation range. Click Here for more color;
- Sterne Agee at Buy and $22 target;
- SunTrust Robinson Humphrey with a Buy and $25 price target;
- Wunderlich Securities at Hold and $18 target;
- Credit Suisse with an Outperform.
FBR Capital initiates Palo Alto Networks (NYSE: PANW) with a Market Perform and $58 price target.
Workday (NYSE: WDAY) started by a gaggle of firms Tuesday:
- Cowen with a Outperform;
- JPMorgan with a Neutral and $54 price target;
- Goldman Sachs at Neutral and price target of $43. Click Here for more color; and
- Wells Fargo at Outperform rating and $60-$62 valuation range. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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