Friday, July 27, 2012

U.S. ANALYST RATINGS: Upgrades, Downgrades, Initiations


UPGRADES:
  * AmerisourceBergen (ABC) raised to outperform: Baird
  * Amgen (AMGN) raised to overweight: Piper
  * Expedia (EXPE) raised to equalweight: Morgan Stanley
  * FMC Technologies (FTI) raised to buy: BofA/ML
  * Informatica (INFA) raised to buy: Mizuho Securities
  * International Paper (IP) raised to buy: CLSA
  * IMAX (IMAX) cut to neutral: Wedbush
  * IXIA (XXIA) raised to buy: Deutsche Bank
  * Magellan Midstream (MMP) raised to outperform: Credit Suisse
  * MetroPCS (PCS) raised to buy: Deutsche Bank
  * Quality Systems (QSII) raised to outperform: Oppenheimer
  * Sprint (S) raised to buy: UBS
  * SunTrust (STI) raised to hold: ISI Group
  * Valley National (VLY) raised to neutral: Sterne Agee


DOWNGRADES:
  * Acme Packet (APKT) cut to sector perform: Pacific Crest
  * Cash America (CSH) cut to market perform: Wells Fargo
  * Charles River (CRL) cut to market perform: William Blair
  * Coinstar (CSTR) cut to sector perform: Pacific Crest
  * Colgate (CL) cut to hold: Deutsche Bank
  * CRA International (CRAI) cut to mkt perform: William Blair
  * Douglas Emmett (DEI) cut to underweight: Barclays
  * Dow (DOW) cut to equalweight: Morgan Stanley
  * Flir Systems (FLIR) cut to hold: BB&T
  * GE (GE) cut to market perform: Bernstein
  * Green Dot (GDOT) cut to hold: Jefferies
  * Green Dot (GDOT) cut to market perform: JMP
  * Green Dot (GDOT) cut to neutral: JPMorgan
  * HealthSouth (HLS) cut to hold: Jefferies
  * Linn Energy (LINE) cut to neutral: Credit Suisse
  * Medical Bioscience (VIVO) cut to hold: Canaccord
  * Pacific Biosciences (PACB) cut to underweight: Piper
  * Qlogic (QLGC) cut to underperform: Pacific Crest
  * Royal Caribbean (RCL) cut to hold: Nordea
  * SandRidge Mississippian (SDT) cut to sector perform: RBC
  * Starbucks (SBUX) cut to neutral: Baird
  * United Continental (UAL) cut to market perform: Raymond James
  * Valley National Bancorp (VLY) cut to underweight: JPMorgan
  * Walter Energy (WLT) cut to equalweight: Johnson Rice


INITIATIONS:
  * Agco (AGCO) new outperform: BMO
  * Apricus Biosciences (APRI) new buy: Lazard
  * Caterpillar (CAT) new market perform: BMO
  * Cummins (CMI) new market perform: BMO
  * Deere (DE) new outperform: BMO
  * Illinois Tool Works (ITW) new outperform: BMO
  * Joy Global (JOY) new underperform: BMO
  * Kennametal (KMT) new market perform: BMO
  * Liquidity Services (LQDT) new buy: BOFAML
  * Middleby Corp (MIDD) new market perform: BMO
  * Navistar Intl (NAV) new underperform: BMO
  * Paccar (PCAR) new outperform: BMO
  * Parker Hannifin (PH) new market perform: BMO
  * Prospect Global Resource (PGRXE) new buy: Sterne
  * Synders-Lance (LNCE) new hold: Deutsche Bank
  * Terex (TEX) new outperform: BMO

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