Notable Analyst Rating Changes 12/11: (MMM) (GRPN) (ALU) Upgraded; (BBRY) (OI) (LH) Downgraded
- Dow, S&P post worst week in months after hawkish Fed spooks investors
- Fed-fueled dollar rises as bears make for exits
- Adobe (ADBE) Edges Higher After Topping Q2 Estimates, Analysts Raise PT on 'Impressive' Performance
- Fed Statement Very Bullish for Tech Stocks, Focus on Cloud and Cyber Stocks - Wedbush
- You Fight Real Physical Inflation With Rate Hikes, Not Talk of Rate Hikes; Buy the Dip in Commodities, Gold Underpriced - Goldman Sachs
Nomura Securities raises 3M (NYSE: MMM) from Neutral to Buy, adjusting its price target from $128 to $150. Click Here for more color.
Wells Fargo upgrades Groupon, Inc. (Nasdaq: GRPN) from Market Perform to Outperform and raised its valuation range from $5 to $6 up to a new range of $13 to $14. Click Here for more color.
Citi raises Alcatel-Lucent (NYSE: ALU) from Neutral to Buy and lifted its price target from €1.90 to €5. Click Here for more color.
Goldman Sachs moves DENTSPLY International (Nasdaq: XRAY) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
Citi restarts BlackBerry (Nasdaq: BBRY) at Sell, while lowering its price target from $7 down to $4. Click Here for more color.
Goldman Sachs cuts Owens-Illinois (NYSE: OI) from Buy to Neutral.
Canaccord Genuity lowers Laboratory Corporation of America (NYSE: LH) from Buy to Hold, chopping its price target from $115 down to $91. Click Here for more color.
FirstEnergy Capital moves Canadian Natural Resources Limited (NYSE: CNQ) from Top Pick to Outperform.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades
Jefferies initiates voxeljet AG (NYSE: VJET) wit Hold and $40 price target. Click Here for more color.
Citi starts Brocade (Nasdaq: BRCD) with a Sell and price target of $8.
Morgan Stanley begins Tibco Software, Inc. (Nasdaq: TIBX) with an Equalweight rating.
Macquarie assumes Twitter, Inc. (NYSE: TWTR) with a Neutral rating.
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