Analyst calls: J.C. Penney upgraded

Saks is downgraded to 'neutral,' and Netflix is initiated with a 'buy.'

By MSN Money Partner Apr 15, 2013 12:27PM
fly logo

stock market comstockInformation 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
Monday's noteworthy initiations include:
  • Apache (APA) initiated with a Positive at Susquehanna
  • Cognizant (CTSH) initiated with an Overweight at Evercore
  • Restoration Hardware (RH) initiated with an Outperform at Wells Fargo
  • Thomson Reuters (TRI) initiated with a Buy at Canaccord
  • Netflix (NFLX) initiated with a Buy at BTIG
1Comment
Apr 15, 2013 1:49PM
avatar
JCP is going nowhere but down so how any analysis can rate them a "buy" tells me he/she is clueless about the retail sector and what is driving consumers to shop.  maybe the analyst is getting some free Stafford suits in exchange for a recommended upgrade!
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

116
116 rated 1
275
275 rated 2
482
482 rated 3
656
656 rated 4
643
643 rated 5
650
650 rated 6
638
638 rated 7
485
485 rated 8
281
281 rated 9
127
127 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
HPQHEWLETT PACKARD CO10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.