Notable Analyst Rating Changes 9/2: (TSLA) (GRPN) (WDR) Upgraded; (PHM) (BA) (FCX) Downgraded

September 2, 2014 11:10 AM EDT

UPGRADES
Stifel Nicolaus upgrades Tesla Motors (Nasdaq: TSLA) from Hold to Buy with a price target of $400. Click Here for more color.

RBC Capital raises Groupon, Inc. (Nasdaq: GRPN) from Underperform to Sector Perform and moves its price target from $5 up to $6. Click Here for more color.

Jefferies raises Waddell & Reed (NYSE: WDR) from Hold to Buy with a price target of $64. Click Here for more color.

Credit Suisse moves Staples, Inc. (Nasdaq: SPLS) from Neutral to Outperform.

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

DOWNGRADES
FBR Capital downgrades PulteGroup (NYSE: PHM) from Outperform to Market Perform with a price target of $22. Click Here for more color.

Buckingham Research cuts Boeing (NYSE: BA) from Neutral to Underperform with a price target of $101.

Morgan Stanley lowers Freeport-McMoRan (NYSE: FCX) from Overweight to Equalweight.

Exane BNP Paribas drops CEMEX (NYSE: CX) from Neutral to Underperform and moves its price target from $14 to $13.50.

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

NEW COVERAGE
Independence Contract Drilling (NYSE: ICD) initiated by three:

  • FBR Capital with a Outperform rating and price target of $14. Click Here for more color;

  • Cowen with an Outperform rating and a price target of $14; and

  • RBC Capital with an Outperform rating and a price target of $13.
Barclays initiates Flowserve Corp. (NYSE: FLS) with an Overweight rating and price target of $85.

Keefe, Bruyette & Woods begins Assured Guaranty (NYSE: AGO) with an Outperform rating and $32 price target.

iDreamSky (Nasdaq: DSKY) started by two:

  • Stifel Nicolaus at Buy rating with a price target of $27; and

  • Piper Jaffray with an Overweight rating and price target of $30.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Credit Suisse, Piper Jaffray, Stifel, Keefe, Bruyette & Woods, Morgan Stanley, Jefferies & Co, RBC Capital, Barclays, Buckingham Research, Notable Analyst Rating Changes, Cowen & Co, Tesla