Notable Analyst Rating Changes 12/19: (C) (STX) (SYNA) Upgraded; (PFG) (WFC) (SD) Downgraded

December 19, 2012 10:43 AM EST
UPGRADES
Morgan Stanley upgrades Citigroup (NYSE: C) from Equalweight to Overweight.

Craig-Hallum boosts Seagate Technology (Nasdaq: STX) from Hold to Buy, moving its tprice target from $28 up to $40.

JPMorgan raises Synaptics (Nasdaq: SYNA) from Neutral to Overweight, boosting its price target from $29.50 to $34.

Barclays lifts First American Financial (NYSE: FAF) from Equalweight to Overweight, adjusting its price target $10 higher to $28.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Evercore Partners downgrades Principal Financial Group (NYSE: PFG) from Equal Weight to Underweight.

Morgan Stanley trims Wells Fargo (NYSE: WFC) from Overweight to Equalweight.

Citi lowered SandRidge Energy (NYSE: SD) from Buy to Neutral.

Wells Fargo (NYSE: WFC) lowered by two firms today:
  • Morgan Stanley from Overweight to Equalweight; and

  • Evercore Partners from Overweight to Equal Weight.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
JPMorgan assumes Jarden Corporation (NYSE: JAH) at Overweight and $62 price target.

Goldman Sachs initiates First Niagara Financial (Nasdaq: FNFG) with a Neutral rating and $8.50 price target. Click Here for more color.

BB&T Capital starts PACCAR (Nasdaq: PCAR) with a Hold.

BGC Partners begins Airgas (NYSE: ARG) with a Buy rating and $105 target.

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JPMorgan, Citi, Morgan Stanley, Barclays, BB&T Capital Markets, Notable Analyst Rating Changes, Wells Fargo