Analyst calls: ConocoPhillips upgraded to 'buy'

Facebook is initiated with a 'buy,' and Western Digital is downgraded to 'equal weight.'

By MSN Money Partner May 29, 2012 9:48AM
Information provided by Theflyonthewall.com

Tuesday's noteworthy upgrades include:
  • ConocoPhillips (COP) upgraded to Buy from Neutral at Citigroup
  • Monster Beverage (MNST) upgraded to Buy from Neutral at SunTrust
  • Williams-Sonoma (WSM) upgraded to Neutral from Sell at Janney Capital
  • Foot Locker (FL) upgraded to Buy from Hold at Deutsche Bank
  • Broadcom (BRCM) upgraded to Outperform from Underperform at CLSA
  • Peabody Energy (BTU) upgraded to Buy from Neutral at Goldman
  • EOG Resources (EOG) upgraded to Conviction Buy from Buy at Goldman
  • L-3 Communications (LLL) upgraded to Perform from Underperform at Oppenheimer
  • Jack in the Box (JACK) upgraded to Neutral from Underperform at Wedbush
  • KeyCorp (KEY) upgraded to Outperform from Market Perform at Raymond James
  • Bayer (BAYRY) upgraded to Outperform from Market Perform at Bernstein
Tuesday's noteworthy downgrades include:
  • Seagate (STX) downgraded to Equal Weight from Overweight at Barclays
  • Western Digital (WDC) downgraded to Equal Weight from Overweight at Barclays
  • Exxon Mobil (XOM) downgraded to Buy from Conviction Buy at Goldman
Tuesday's noteworthy initiations include:
  • Facebook (FB) initiated with a Buy at CLSA
  • Adidas (ADDYY) initiated with a Neutral at JPMorgan.
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