Analyst calls: EBay downgraded
FedEx is downgraded to 'underperform,' and UPS is upgraded to 'outperform.'
Thursday's noteworthy upgrades include:
- ASML (ASML) upgraded to Buy from Hold at Deutsche Bank
- Cabot Oil & Gas (COG) upgraded to Buy from Neutral at BofA/Merrill
- HollyFrontier (HFC) upgraded to Buy from Neutral at BofA/Merrill
- Spectra Energy (SE) upgraded to Overweight from Neutral at Atlantic Equities
- UPS (UPS) upgraded to Outperform from Sector Perform at RBC Capital
- Chicago Bridge & Iron (CBI) upgraded to Focus List from Overweight at Johnson Rice
- Textron (TXT) upgraded to Overweight from Neutral at JPMorgan
- Fusion-io (FIO) upgraded to Buy from Hold at Stifel
- Acuity Brands (AYI) upgraded to Outperform from Market Perform at Northland
Thursday's noteworthy downgrades include:
- Alkermes (ALKS) downgraded to Neutral from Buy at Mizuho
- Apache (APA) downgraded to Neutral from Overweight at JPMorgan
- EBay (EBAY) downgraded to Neutral from Outperform at Macquarie
- FedEx (FDX) downgraded to Underperform from Sector Perform at RBC Capital
- Huntington Bancshares (HBAN) downgraded to Neutral from Buy at Compass Point
- TSMC (TSM) downgraded to Equal Weight from Overweight at Morgan Stanley
Thursday's noteworthy initiations include:
- ACE Ltd. (ACE) initiated with an Outperform at BMO Capital
- AIG (AIG) initiated with an Outperform at BMO Capital
- Agrium (AGU) initiated with an Overweight at HSBC
- Aon Corp. (AON) initiated with an Underperform at BMO Capital
- Cepheid (CPHD) initiated with a Neutral at Citigroup
- Mosaic (MOS) initiated with a Neutral at HSBC
- Potash (POT) initiated with an Overweight at HSBC
- QIAGEN (QGEN) initiated with a Sell at Citigroup
- Travelers (TRV) initiated with an Outperform at BMO Capital
- Avago (AVGO) initiated with a Buy at Craig-Hallum
- Select Comfort (SCSS) reinstated with an Outperform at Raymond James
- Pandora (P) initiated with a Neutral at Lazard Capital
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'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
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