StreetInsider.com Notable Analyst Rating Changes 09/27
Notable Analyst Rating Changes:
UPGRADES:
Credit Suisse upgrades SiRF Technology (Nasdaq: SIRF) from Neutral to Outperform with a $24 price target.
Rochdale upgrades Wal-Mart (NYSE: WMT) from Hold to Buy with a $55 price target
Goldman Sachs upgrades Emerson Electric Co. (NYSE: EMR) from Neutral to Buy and adds the stock to its Conviction Buy List.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Banc of America downgrades Starbucks (Nasdaq: SBUX) from Neutral to Sell with a $23 price target, citing expectations profit growth will slow.
Goldman Sachs downgrades Tyco International Ltd. (NYSE: TYC) from Neutral to Sell with a $43 price target.
UBS downgrades GameStop (NYSE: GME) from Buy to Neutral with a $65 price target, citing valuation.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs initiates coverage on Sigma Designs (Nasdaq: SIGM) with a Neutral rating and $43 price target.
Wachovia initiates coverage on Aetna Inc. (NYSE: AET) with an Outperform rating and $59-$63 valuation range. The firm said they expect the company to generate industry leading top-line and operating earnings growth in 2008.
Friedman Billings initiates coverage on MGI Pharma (Nasdaq: MOGN) with Outperform and $34 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
For more StreetInsider.com 'Special Reports' Go Here: http://www.streetinsider.com/Special+Reports
UPGRADES:
Credit Suisse upgrades SiRF Technology (Nasdaq: SIRF) from Neutral to Outperform with a $24 price target.
Rochdale upgrades Wal-Mart (NYSE: WMT) from Hold to Buy with a $55 price target
Goldman Sachs upgrades Emerson Electric Co. (NYSE: EMR) from Neutral to Buy and adds the stock to its Conviction Buy List.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Banc of America downgrades Starbucks (Nasdaq: SBUX) from Neutral to Sell with a $23 price target, citing expectations profit growth will slow.
Goldman Sachs downgrades Tyco International Ltd. (NYSE: TYC) from Neutral to Sell with a $43 price target.
UBS downgrades GameStop (NYSE: GME) from Buy to Neutral with a $65 price target, citing valuation.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Goldman Sachs initiates coverage on Sigma Designs (Nasdaq: SIGM) with a Neutral rating and $43 price target.
Wachovia initiates coverage on Aetna Inc. (NYSE: AET) with an Outperform rating and $59-$63 valuation range. The firm said they expect the company to generate industry leading top-line and operating earnings growth in 2008.
Friedman Billings initiates coverage on MGI Pharma (Nasdaq: MOGN) with Outperform and $34 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
For more StreetInsider.com 'Special Reports' Go Here: http://www.streetinsider.com/Special+Reports
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