Analyst calls: Groupon downgraded
eBay is initiated with an 'outperform,' and BroadSoft is downgraded at 2 firms.
Thursday's noteworthy upgrades include: - Deutsche Bank (DB) upgraded to Outperform from Market Perform at Keefe Bruyette
- Lamar Advertising (LAMR) upgraded to Neutral from Underweight at Piper Jaffray
- Joy Global (JOY) upgraded on coal production growth at CLSA
- AB InBev (BUD) upgraded to Outperform from Neutral at Credit Suisse
- Groupon (GRPN) downgraded to Market Perform from Outperform at Wells Fargo, and to Underperform from Market Perform at Raymond James
- Saks (SKS) downgraded to Underweight from Equal Weight at Morgan Stanley
- UBS (UBS) downgraded to Market Perform from Outperform at Keefe Bruyette
- BroadSoft (BSFT) downgraded to Market Perform from Outperform at Northland Securities, and to Perform from Outperform at Oppenheimer
- GlaxoSmithKline (GSK) downgraded to Underweight from Equal Weight at Morgan Stanley
- Riverbed (RVBD) downgraded to Neutral from Buy at Sterne Agee
- Boston Beer (SAM) downgraded to Hold from Buy at Williams Capital
- Apollo Investment (AINV) initiated with a Buy at UBS
- Fusion-io (FIO) initiated with a Buy at Mizuho
- Red Hat (RHT) initiated with an Overweight at Barclays
- Regeneron (REGN) initiated with an Overweight at Barclays.
- eBay (EBAY) initiated with an Outperform at BMO Capital
- Vulcan Materials (VMC) coverage resumed with a Neutral at Goldman
- VMWare (VMW) initiated with a Hold at Stifel Nicolaus
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