StreetInsider.com Notable Analyst Rating Changes: 09/18
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Notable Analyst Rating Changes:
UPGRADES:
Stifel Nicolaus upgrades Apollo Group, Inc. (Nasdaq: APOL) from Hold to Buy with a $69 price target. The firm said, "Growth expectations have been recalibrated to a more realistic and sustainable level and academic and business model changes which caused significant disruptions over the past 1 1/2 years have stabilized."
Goldman Sachs upgrades Visteon (NYSE: VC) from Sell to Neutral.
Lehman Brothers upgrades Greenfield Online (Nasdaq: SRVY) from Equal-Weight to Overweight with a $21 price target.
Brean Murray upgrades Cache Inc. (Nasdaq: CACH) from Hold to Buy with a $21 price target, saying company is bouncing back from a moribund spring with a number of trend-right looks for fall.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Morgan Joseph downgrades Conn's Inc. (Nasdaq: CONN) from Buy to Hold, following 14% rise yesterday on speculation Conn's could go private. The firm said, "While we do not dismiss this possibility, we are reluctant to raise our target based upon the possibility such a transaction could materialize."
Goldman Sachs downgrades GM (NYSE: GM) from Buy to Neutral.
Goldman Sachs downgrades E*Trade Financial (Nasdaq: ETFC) from Buy to Neutral, following earnings warning and mortgage update.
JP Morgan downgrades Harte-Hanks (NYSE: HHS) from Neutral to Underweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Citigroup initiates coverage on Cypress Bioscience (Nasdaq: CYPB) with a Buy rating and $22 price target.
Goldman Sachs initiates coverage on Electronic Arts (Nasdaq: ERTS) with a Buy rating and $64 price target.
SunTrust initiates coverage on Petroleum Development (Nasdaq: PETD) with a Buy rating and $60 price target.
Jefferies initiates coverage on Gaylord Entertainment (NYSE: GET) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
UPGRADES:
Stifel Nicolaus upgrades Apollo Group, Inc. (Nasdaq: APOL) from Hold to Buy with a $69 price target. The firm said, "Growth expectations have been recalibrated to a more realistic and sustainable level and academic and business model changes which caused significant disruptions over the past 1 1/2 years have stabilized."
Goldman Sachs upgrades Visteon (NYSE: VC) from Sell to Neutral.
Lehman Brothers upgrades Greenfield Online (Nasdaq: SRVY) from Equal-Weight to Overweight with a $21 price target.
Brean Murray upgrades Cache Inc. (Nasdaq: CACH) from Hold to Buy with a $21 price target, saying company is bouncing back from a moribund spring with a number of trend-right looks for fall.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Morgan Joseph downgrades Conn's Inc. (Nasdaq: CONN) from Buy to Hold, following 14% rise yesterday on speculation Conn's could go private. The firm said, "While we do not dismiss this possibility, we are reluctant to raise our target based upon the possibility such a transaction could materialize."
Goldman Sachs downgrades GM (NYSE: GM) from Buy to Neutral.
Goldman Sachs downgrades E*Trade Financial (Nasdaq: ETFC) from Buy to Neutral, following earnings warning and mortgage update.
JP Morgan downgrades Harte-Hanks (NYSE: HHS) from Neutral to Underweight.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Citigroup initiates coverage on Cypress Bioscience (Nasdaq: CYPB) with a Buy rating and $22 price target.
Goldman Sachs initiates coverage on Electronic Arts (Nasdaq: ERTS) with a Buy rating and $64 price target.
SunTrust initiates coverage on Petroleum Development (Nasdaq: PETD) with a Buy rating and $60 price target.
Jefferies initiates coverage on Gaylord Entertainment (NYSE: GET) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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