Notable Analyst Rating Changes 06/18: (FLIR) (NFX) (WY) Upgraded; (SAFM) (WMB) (FHN) Downgraded

June 18, 2013 10:43 AM EDT
UPGRADES
Raymond James raises FLIR Systems, Inc. (Nasdaq: FLIR) from Market Perform to Strong Buy with a price target of $33.

Stifel Nicolaus boosts Newfield Exploration (NYSE: NFX) from Hold to Buy.

Scotia Capital upgrades Weyerhaeuser (NYSE: WY) from Underperform to Sector Perform.

Howard Weil takes Royal Dutch Shell (NYSE: RDS-A) from Outperform to Focus Stock.

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

DOWNGRADES
KeyBanc lowers Sanderson Farms (Nasdaq: SAFM) from Buy to Hold. Click Here for more color.

Goldman Sachs removes Williams Companies (NYSE: WMB) from its Conviction Buy List, but maintained its Buy rating. The price target goes down from $45 to $40. Click Here for more color.

Wells Fargo lowers First Horizon National (NYSE: FHN) from Market Perform to Underperform with a valuation range of $10 to $11. Click Here for more color.

Howard Weil trims ConocoPhillips (NYSE: COP) from Outperform to Sector Perform.

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

NEW COVERAGE
Several firms initiated coverage on Quintiles (NYSE: Q) today:
  • Jefferies at Hold rating and $41 price target. Click Here for more color;

  • Sterne Agee with an Underperform and $36 target;

  • JPMorgan at Overweight and $50 target;

  • Piper Jaffray with an Overweight and $52 price target;

  • Wells Fargo at Outperform rating and a price target of $49. Click Here for more color;

  • Morgan Stanley with an Overweight and $51 price target;

  • BofA/Merrill Lynch with a Buy and price target of $51;

  • Baird at Neutral and price target of $46;

  • Deutsche Bank at Buy rating and a price target of $51. Click Here for more color; and

  • Goldman Sachs at Neutral rating and a price target of $44. Click Here for more color.

Canaccord Genuity starts T-Mobile US, (NYSE: TMUS) with a Hold and $22 price target.

Needham & Company begins Fusion-io (NYSE: FIO) with a Buy rating and price target of $20. Click Here for more color.

Pacific Crest assumes LinkedIn (NYSE: LNKD) at Outperform rating and a price target of $215.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Goldman Sachs Conviction Buy List, Piper Jaffray, Stifel, Deutsche Bank, JPMorgan, KeyBanc, Raymond James, Morgan Stanley, Jefferies & Co, Robert W Baird, Needham & Company, Sterne Agee, Pacific Crest Securities, Notable Analyst Rating Changes, Wells Fargo, Canaccord Genuity