Analyst calls: BlackBerry upgraded
Zynga is downgraded to 'neutral,' and The Fresh Market is initiated with a 'strong buy.'
Wednesday's noteworthy upgrades include:
- AmerisourceBergen (ABC) upgraded to Buy from Neutral at Citigroup
- BlackBerry (BBRY) upgraded to Overweight from Underweight at Morgan Stanley
- Cummins (CMI) upgraded to Outperform from Market Perform at William Blair
- Walgreen (WAG) upgraded to Buy from Sell at Citigroup
Wednesday's noteworthy downgrades include:
- AmerisourceBergen (ABC) downgraded to Neutral from Buy at ISI Group
- Cardinal Health (CAH) downgraded to Buy from Strong Buy at ISI Group
- Deere (DE) downgraded to Underperform from Market Perform at Wells Fargo
- Maxwell (MXWL) downgraded to Neutral from Overweight at Piper Jaffray
- Zynga (ZNGA) downgraded to Neutral from Buy at BofA/Merrill
- Yahoo (YHOO) downgraded to Hold from Buy at BGC Partners
- Walgreen (WAG) downgraded to Buy from Conviction Buy at Goldman
- Symantec (SYMC) downgraded to Perform from Outperform at Oppenheimer
- Adobe (ADBE) downgraded to Hold from Buy at Stifel
- Fortinet (FTNT) initiated with a Buy at Mizuho
- Palo Alto (PANW) initiated with a Neutral at Mizuho
- Sarepta (SRPT) initiated with an Outperform at William Blair.
- The Fresh Market (TFM) initiated with a Strong Buy at Raymond James
- Whole Foods (WFM) initiated with a Market Perform at Raymond James
- Amarin (AMRN) initiated with a Neutral at Chardan
- Akamai (AKAM) initiated with an Outperform at FBN Securities
- Salesforce.com (CRM) initiated with an Outperform at FBN Securities
- VMware (VMW) initiated with an Outperform at FBN Securities
- Citrix Systems (CTXS) initiated with an Outperform at FBN Securities
- Concur (CNQR) initiated with a Sector Perform at FBN Securities
- Rackspace (RAX) initiated with a Sector Perform at FBN Securities
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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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