Analyst calls: Groupon downgraded to 'underweight'

Urban Outfitters is upgraded at 2 firms, and Seattle Genetics is initiated with a 'hold.'

By MSN Money Partner Aug 21, 2012 11:20AM
Information provided by Theflyonthewall.com

Tuesday's noteworthy upgrades include:  
  • Credicorp (BAP) upgraded to Overweight from Neutral at JPMorgan
  • Urban Outfitters (URBN) upgraded to Hold from Sell at Brean Murray, and to Outperform from Market Perform at William Blair
  • Gap (GPS) upgraded to Buy from Hold at Argus
  • Netflix (NFLX) upgraded to Above Average from Average at Caris
Tuesday's noteworthy downgrades include:  
  • ABB (ABB) downgraded to Sell from Hold at Deutsche Bank
  • Groupon (GRPN) downgraded to Underweight from Equal Weight at Barclays
  • Repsol (REPYY) downgraded to Neutral from Buy at UBS
  • TAL International (TAL) downgraded to Neutral from Buy at Nomura
  • Warner Chilcott (WCRX) downgraded to Underweight from Equal Weight at Morgan Stanley
Tuesday's noteworthy initiations include:  
  • BroadSoft (BSFT) initiated with an Underperform at Raymond James
  • Corning (GLW) coverage resumed with a Buy at Stifel Nicolaus
  • GNC Holdings (GNC) initiated with an Overweight at Barclays
  • National Retail Properties (NNN) initiated with a Neutral at RW Baird
  • Seattle Genetics (SGEN) initiated with a Hold at Cantor

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