Analyst calls: Coach downgraded

Bristol-Myers Squibb is upgraded to 'conviction buy' at Goldman, and Yelp is initiated with a 'neutral' at Piper Jaffray.

By MSN Money Partner Sep 11, 2012 11:24AM
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Tuesday's noteworthy upgrades include:  
  • Bristol-Myers Squibb (BMY) upgraded to Conviction Buy from Buy at Goldman
  • Catamaran (CTRX) upgraded to Conviction Buy from Buy at Goldman
Tuesday's noteworthy downgrades include:  
  • AmerisourceBergen (ABC) downgraded to Neutral from Conviction Buy at Goldman
  • Bemis (BMS) downgraded to Neutral from Buy at Citigroup
  • Coach (COH) downgraded to Hold from Buy at Brean Murray
  • Watson Pharmaceuticals (WPI) downgraded to Buy from Conviction Buy at Goldman
Tuesday's noteworthy initiations include:  
  • AngloGold (AU) initiated with an Outperform at Credit Suisse
  • Bristol-Myers Squibb (BMY) reinstated with a Neutral at Credit Suisse
  • Cabot Oil & Gas (COG) initiated with an Outperform at Bernstein
  • Gold Fields (GFI) initiated with a Neutral at Credit Suisse
  • Life Technologies (LIFE) initiated with a Buy at WallachBeth
  • QEP Resources (QEP) initiated with an Outperform at BMO Capital
  • Yelp (YELP) initiated with a Neutral at Piper Jaffray
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