Analyst calls: J.C. Penney upgraded
Saks is downgraded to 'neutral,' and Netflix is initiated with a 'buy.'
Information provided by Theflyonthewall.com
Monday's noteworthy upgrades include:
- Chipotle (CMG) upgraded to Buy from Neutral at UBS
- Sherwin-Williams (SHW) upgraded to Overweight from Equal Weight at Morgan Stanley
- Under Armour (UA) upgraded to Positive from Neutral at Susquehanna, and to Buy from Neutral at DA Davidson
- J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham
- Randgold Resources (GOLD) upgraded to Outperform from Market Perform at BMO Capital
Monday's noteworthy downgrades include:
- Alpha Natural (ANR) downgraded to Neutral from Buy at Citigroup
- Arch Coal (ACI) downgraded to Neutral from Buy at Citigroup
- Freeport McMoRan (FCX) downgraded to Sell from Neutral at Citigroup
- OpenTable (OPEN) downgraded to Neutral from Overweight at JPMorgan
- Saks (SKS) downgraded to Neutral from Overweight at JPMorgan
- TSMC (TSM) downgraded to Equal Weight from Overweight at Morgan Stanley
- Kraft Foods (KRFT) downgraded to Neutral from Buy at Davenport
- Barrick Gold (ABX) downgraded to Neutral from Overweight at JPMorgan
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Stocks are facing some serious resistance as the bears tear into the market's respite.
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