Analyst calls: Nike, RIM downgraded

Oracle is upgraded to 'outperform,' and Medivation is initiated with a 'buy.'

By MSN Money Partner Jun 29, 2012 11:27AM
Information provided by Theflyonthewall.com

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
Friday's noteworthy downgrades include:  
  • 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
Friday's noteworthy initiations include:  
  • J.M. Smucker (SJM) initiated with a Buy at Davenport
  • Medivation (MDVN) initiated with a Buy at ThinkEquity
  • Plum Creek Timber (PCL) initiated with an Outperform at Raymond James
  • Triumph Group (TGI) initiated with a Buy at Goldman
  • VeriFone (PAY) initiated with an Overweight at Piper Jaffray
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