Close

Notable Analyst Rating Changes 10/20: (YOKU) (FCX) (PAYX) Upgraded; (BIDU) (PLCM) (CTSH) Downgraded

October 20, 2011 10:49 AM EDT
UPGRADES
Goldman Sachs adds Youku.com (NYSE: YOKU) to its Conviction Buy with a price target of $44. Click Here for more color.

Credit Agricole lifts Freeport-McMoRan (NYSE: FCX) from Underperform to Outperform, its price target cut from $58 to $42.

Goldman Sachs raises Paychex (Nasdaq: PAYX) from Sell to Neutral with a price target of $28.

JPMorgan ups Agrium (NYSE: AGU) from Neutral to Overweight, price target raised from $89 to $90.

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

DOWNGRADES
Goldman Sachs cuts Baidu (Nasdaq: BIDU) from Buy to Neutral with a price target of $165. Click Here for more color.

Polycom (Nasdaq: PLCM) lowered by several firms:
  • Piper Jaffray from Overweight to Neutral, price target cut from $33 to $20;

  • William Blair from Outperform to Market Perform;

  • Morgan Keegan from Outperform to Market Perform; and

  • Mizuho Securities from Buy to Neutral, price target lowered from $28 to $16.
Goldman Sachs reduces Cognizant Technology Solutions (Nasdaq: CTSH) from Buy to Neutral with a price target of $70.

Ticonderoga downgrades Celestica (NYSE: CLS) from Buy to Neutral.

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

NEW COVERAGE
Wells Fargo initiates Monsanto (NYSE: MON) with a Market Perform, its price target range of $78 to $80. Click Here for more color.

Macy's (NYSE: M) started by two today:
  • JPMorgan with an Overweight, and $37 price target; and

  • Northcoast Research at Buy, with a price target $36.
ISI Group starts BrandyWine (NYSE: BDN) with a Buy and $10 price target.

Sterne Agee starts Chesapeake Energy (NYSE: CHK) with a Buy, and $40 price target.

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, William Blair, JPMorgan, Sterne Agee, Morgan Keegan & Company, Notable Analyst Rating Changes, Credit Agricole, Wells Fargo