Analyst calls: Ryder downgraded
SuperValu is upgraded to 'neutral,' and Facebook is initiated with a 'buy.'
Friday's noteworthy upgrades include:
- Corning (GLW) upgraded to Neutral from Underweight at JPMorgan
- SXC Health Solutions (SXCI) upgraded to Outperform from Neutral at Credit Suisse
- The Fresh Market (TFM) upgraded to Overweight from Neutral at Piper Jaffray
- Watson Pharmaceuticals (WPI) upgraded to Outperform from Market Perform at Bernstein
- SuperValu (SVU) upgraded to Neutral from Sell at Northcoast
- Chimera Investment (CIM) downgraded to Underweight from Equal Weight at Barclays
- Ecopetrol (EC) downgraded to Sell from Neutral at Citigroup
- Electronic Arts (EA) downgraded to Neutral from Buy at Citigroup
- ITT Corp. (ITT) downgraded to Underperform from Market Perform at FBR Capital
- Ryder (R) downgraded to Market Perform from Outperform at Wells Fargo, and to Equal Weight from Overweight at Stephens
- Crocs (CROX) initiated with a Buy at Benchmark Co
- Estee Lauder (EL) initiated with an Outperform at Wells Fargo
- Facebook (FB) initiated with a Buy at Nomura
- PPG Industries (PPG) initiated with an Outperform at RW Baird
- Sherwin-Williams (SHW) initiated with a Neutral at RW Baird
- VF Corp. (VFC) initiated with an Overweight at JPMorgan
- Warnaco (WRC) initiated with a Neutral at JPMorgan
- PVH Corp. (PVH) initiated with a Neutral at JPMorgan
- Polo Ralph Lauren (RL) initiated with a Neutral at JPMorgan
- Skyworks (SWKS) initiated with a Buy at Canaccord
- TriQuint (TQNT) initiated with a Hold at Canaccord
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Stocks are facing some serious resistance as the bears tear into the market's respite.
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