Analyst calls: Facebook upgraded
ArcelorMittal is downgraded to 'sector perform,' and HP is initiated with a 'hold.'
Information provided by Theflyonthewall.com
Friday's noteworthy upgrades include:
- CF Industries (CF) upgraded to Buy from Neutral at Citigroup
- Facebook (FB) upgraded to Outperform from Market Perform at Cowen
- MetLife (MET) upgraded to Conviction Buy from Buy at Goldman
- Pier 1 Imports (PIR) upgraded to Outperform from Neutral at Credit Suisse
- Urban Outfitters (URBN) upgraded to Buy from Hold at Canaccord
- Assurant (AIZ) downgraded to Neutral from Buy at Goldman
- Clorox (CLX) downgraded to Underperform from Neutral at Credit Suisse
- Level 3 (LVLT) downgraded to Equal Weight from Overweight at Morgan Stanley
- Prudential (PRU) downgraded to Buy from Conviction Buy at Goldman
- ArcelorMittal (MT) downgraded to Sector Perform from Outperform at RBC Capital
- Cisco (CSCO) initiated with a Buy at Cantor
- Corning (GLW) initiated with a Hold at Cantor
- EMC (EMC) initiated with a Buy at Cantor
- F5 Networks (FFIV) initiated with a Buy at Cantor
- Gartner (IT) initiated with a Neutral at Goldman
- General Growth (GGP) initiated with a Neutral at Credit Suisse
- HP (HPQ) initiated with a Hold at Cantor
- IBM (IBM) initiated with a Buy at Cantor
- JPMorgan (JPM) initiated with a Hold at Societe Generale
- Juniper (JNPR) initiated with a Buy at Cantor
- Moody's (MCO) initiated with a Neutral at Goldman
- Simon Property (SPG) initiated with a Neutral at Credit Suisse
- Thomson Reuters (TRI) initiated with a Neutral at Goldman
- VMware (VMW) initiated with a Hold at Cantor
- Wells Fargo (WFC) initiated with a Hold at Societe Generale
The analysts are usually either a day late and a dollar short or pumping and dumping. I love the JPM downgrade of Barrick yesterday to $19 after it broke $20 the day before and GS sell rating on Intel as it goes from $21 to almost $24. No wonder Wall Street completely missed the Fed tapering call.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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