Analyst calls: Goldman, Intel downgraded

Traveleres and JC Penney are upgraded to 'outperform,' while Kohl's and Nordstrom are cut to 'hold.'

By MSN Money Partner Jan 6, 2012 12:18PM
Information provided by Theflyonthewall.com

Friday's noteworthy upgrades include:
  • Travelers (TRV) upgraded to Outperform from Market Perform at Wells Fargo
  • TD Ameritrade (AMTD) upgraded to Buy from Hold at Deutsche Bank
  • Cerner (CERN) upgraded to Buy from Hold at Deutsche Bank
  • SanDisk (SNDK) upgraded to Buy from Neutral at Sterne Agee
  • J.C. Penney (JCP) upgraded to Outperform from Neutral at Macquarie
  • SunTrust (STI) upgraded to Outperform from Neutral at Macquarie and to Outperform from Perform at Oppenheimer
Friday's noteworthy downgrades include:
  • Goldman Sachs (GS) downgraded to Market Perform from Outperform at Wells Fargo
  • Intel (INTC) downgraded to Neutral from Buy at Sterne Agee
  • Children's Place (PLCE) downgraded to Neutral from Buy at Goldman
  • Charles Schwab (SCHW) downgraded to Hold from Buy at Deutsche Bank
  • Legg Mason (LM) downgraded to Hold from Buy at Deutsche Bank
  • Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie
  • PNC Financial (PNC) downgraded to Perform from Outperform at Oppenheimer
  • Illinois Tool Works (ITW) downgraded to Neutral from Outperform at Credit Suisse
  • Kohl's (KSS) downgraded to Hold from Buy at Argus and to Neutral from Buy at BofA/Merrill
Friday's noteworthy initiations include:
  • Zynga (ZNGA) initiated with a Neutral at Macquarie
  • Corning (GLW) initiated with a Hold at KeyBanc
  • FedEx (FDX) initiated with an Outperform at Wells Fargo
  • UPS (UPS) initiated with a Market Perform at Wells Fargo
  • Bunge (BG) initiated with a Neutral at Piper Jaffray
  • Marvell Technology (MRVL) initiated with a Buy at Mizuho
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