Analyst calls: Nike, RIM downgraded
Oracle is upgraded to 'outperform,' and Medivation is initiated with a 'buy.'
Friday's noteworthy upgrades include:
- Bed Bath & Beyond (BBBY) upgraded to Buy from Hold at BB&T
- Oracle (ORCL) upgraded to Outperform from Sector Perform at RBC Capital
- Saks (SKS) upgraded to Overweight from Neutral at JPMorgan
- Cincinnati Financial (CINF) upgraded to Buy from Hold at Stifel Nicolaus
- Crown Holdings (CCK) upgraded to Overweight from Equal Weight at Barclays
- Enbridge Energy (EEP) upgraded to Outperform from Perform at Oppenheimer
- BlackRock (BLK) downgraded to Neutral from Outperform at Macquarie
- Nike (NKE) downgraded to Neutral from Outperform at RW Baird
- Research in Motion (RIMM) downgraded to Sector Underperformer at CIBC, and to Underperform at Scotia Capital
- Tata Motors (TTM) downgraded to Hold from Buy at Jefferies, and to Neutral from Buy at BofA/Merrill
- Buckeye Partners (BPL) downgraded to Perform from Outperform at Oppenheimer.
- Progress Energy (PGN) downgraded to Hold from Buy at Canaccord
- Universal Health (UHS) downgraded to Market Perform from Outperform at Wells Fargo
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An interest rate tease in The Wall Street Journal sends the market into an optimistic tizzy -- but one that doesn't end quite at the top.
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