Analyst calls: Housing stocks upgraded, energy stocks downgraded

Builders get upgraded at Raymond James, as do several energy stocks at Barclays.

By MSN Money Partner Nov 30, 2011 4:51PM
Noteworthy upgrades include:
  • Anadarko (APC) upgraded to Overweight from Equal Weight at Barclays
  • Nexen (NXY) upgraded to Overweight from Equal Weight at Barclays
  • Cenovus Energy (CVE) upgraded to Overweight from Equal Weight at Barclays
  • Transocean (RIG) upgraded to Hold from Trim at Tudor Pickering
  • Navistar (NAV) upgraded to Neutral from Sell at Goldman
  • Toll Brothers (TOL) upgraded to Outperform from Market Perform at Raymond James
  • D.R. Horton (DHI) upgraded to Outperform from Market Perform at Raymond James
  • Lennar (LEN) upgraded to Outperform from Market Perform at Raymond James
Noteworthy downgrades include:
  • Calpine (CPN) downgraded to Hold from Buy at Jefferies
  • Southwestern Energy (SWN) downgraded to Equal Weight from Overweight at Barclays
  • Vulcan Materials (VMC) downgraded to Sell from Neutral at Goldman
  • Transocean (RIG) downgraded to Hold from Buy at Argus
  • Bio-Rad (BIO) downgraded to Outperform from Buy at CLSA

Noteworthy initiations include:
  • ConAgra (CAG) initiated with a Buy at Janney Capital
  • AK Steel (AKS) initiated with an Underperform at Macquarie
  • US Steel (X) initiated with an Underperform at Macquarie
  • Freeport McMoRan (FCX) initiated with an Outperform at Macquarie
  • Johnson Controls (JCI) initiated with an Outperform at RBC Capital

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