Analyst calls: Fortinet downgraded

Toll Brothers is upgraded to 'neutral,' and Nordstrom is initiated with a 'buy.'

By MSN Money Partner Apr 11, 2013 11:48AM
fly logostock market comstockInformation provided by Theflyonthewall.com

Thursday's noteworthy upgrades include:

  • Adobe (ADBE) upgraded to Neutral from Sell at Goldman
  • Boyd Gaming (BYD) upgraded to Overweight from Equal Weight at Morgan Stanley
  • Lam Research (LRCX) upgraded to Outperform from Neutral at Cowen
  • Toll Brothers (TOL) upgraded to Neutral from Negative at Susquehanna



Thursday's noteworthy downgrades include:
  • Family Dollar (FDO) downgraded to Neutral from Buy at Goldman
  • Fortinet (FTNT) downgraded to Neutral from Buy at BofA/Merrill
  • Microsoft (MSFT) downgraded to Sell from Neutral at Goldman (Microsoft owns and publishes Top Stocks, an MSN Money site.)
  • Broadcom (BRCM) downgraded to Underweight from Overweight at Barclays
  • Barrick Gold (ABX) downgraded to Hold from Buy at TD Securities
Thursday's noteworthy initiations include:
  • Adobe (ADBE) initiated with an Overweight at Evercore
  • Kraft Foods (KRFT) initiated with a Market Perform at Wells Fargo
  • Mondelez (MDLZ) initiated with an Outperform at Wells Fargo
  • Simon Property (SPG) initiated with a Market Perform at BMO Capital
  • Xerox (XRX) initiated with an Overweight at Piper Jaffray
  • Tiffany (TIF) initiated with a Buy at Topeka
  • Gap (GPS) initiated with a Buy at Topeka
  • Nordstrom (JWN) initiated with a Buy at Topeka
  • American Eagle (AEO) initiated with a Buy at Topeka
  • Abercrombie & Fitch (ANF) initiated with a Hold at Topeka
  • Pacific Sunwear (PSUN) initiated with a Hold at Topeka
  • Aeropostale (ARO) initiated with a Hold at Topeka
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