Close

Notable Analyst Rating Changes 06/01: (BLK) (ESV) (CNP) Upgraded; (NOK) (SQNS) (HNZ) Downgraded

June 1, 2011 10:33 AM EDT
UPGRADES
Goldman Sachs upgrades BlackRock (NYSE: BLK) from Neural to Buy with a $240 price target. Click Here for more color.

UBS lifts ENSCO International Plc (NYSE: ESV) from Neutral to Buy.

Macquarie raises CenterPoint Energy (NYSE: CNP) from Neutral to Outperform, increasing their price target from $18 to $21.50.

Nomura upgrades Broadcom (Nasdaq: BRCM) from Neutral to Buy, lifting their price target from $43 to $45. Click Here for more color.

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

DOWNGRADES
Nokia (NYSE: NOK) hit with a slew of downgrades today:
  • Goldman Sachs from Buy to Neutral and cuts their price target from $12.40 to $7.30. Click Here for more color;

  • Bernstein from Market Perform to Underperform, with a price target cut to $4;

  • Canaccord Genuity from Buy to Hold, while reducing their price target from $11 to $8; and

  • WestLB from Neutral to Reduce.
Needham & Company lowers Sequans Communications (NYSE: SQNS) from Buy to Hold.

Goldman Sachs downgraded Heinz (NYSE: HNZ) from Neutral to Sell with a downside $49 price target. Click Here for more color.

Deutsche Bank downgraded Tiffany & Co. (NYSE: TIF) from Buy to Hold, maintaining its $76 price target. Click Here for more color.

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

NEW COVERAGE
Barclays begins Yahoo! (Nasdaq: YHOO) at Equalweight with a $19 price target.

UBS initiates Walgreen (NYSE: WAG) with a Buy rating and a $51 price target.

Raymond James starts Solazyme (Nasdaq: SZYM) with an Outperform, and $25 price target.

21Vianet (Nasdaq: VNET) started by three today:
  • Piper Jaffray at Overweight, with a price target of $14;

  • Pacific Crest with an Outperform, and $17 price target; and

  • William Blair at Outperform.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Piper Jaffray, Deutsche Bank, UBS, William Blair, Raymond James, Needham & Company, Barclays, Nomura, Pacific Crest Securities, Notable Analyst Rating Changes