Notable Analyst Rating Changes 06/06: (GRPN) (FST) (PHM) Upgraded; (RAX) (SHW) (SYMC) Downgraded

June 6, 2012 10:55 AM EDT
UPGRADES
Stifel Nicolaus boosts Groupon, Inc. (Nasdaq: GRPN) from Sell to Hold.

Canaccord Genuity upgrades Forest Oil (NYSE: FST) from Hold to Buy and price target of $12. Click Here for more color.

Credit Suisse lifts PulteGroup (NYSE: PHM) from Neutral to Outperform.

Wells Fargo raises Dick's Sporting Goods (NYSE: DKS) from Market Perform to Outperform with a price target range $52 to $55 (from $49 to $52). Click Here for more color.

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DOWNGRADES
Jefferies downgrades Rackspace (NYSE: RAX) from Buy to Hold with a price target of $54.00 (from $64.00). Click Here for more color.

BofA/Merrill Lynch drops Sherwin-Williams (NYSE: SHW) from Neutral to Underperform with a price target of $120.00 (from $122.00).

FBR Capital trims Symantec (Nasdaq: SYMC) from Outperform to Market Perform, moving its price target of $16.00 (from $20.00).

JPMorgan lowers Vishay Intertechnology (NYSE: VSH) from Overweight to Neutral.

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

NEW COVERAGE
JMP Securities initiates Facebook (Nasdaq: FB) with a Market Outperform and target of $37.

Edgen Group (NYSE: EDG) initiated by several firms:
  • Stephens with an Overweight;
  • Morgan Stanley at Overweight and $15 target;
  • Citi at Buy and price target of $10;
  • BB&T Capital with a Buy and $13 target; and
  • Jefferies at Buy and price target of $17.
Janney Montgomery Scott begins Capital Source (NYSE: CSE) with a Buy and $8 price target.

Gabelli begins PolyOne (NYSE: POL) with a Buy.

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