Analyst calls: Coach downgraded
Bristol-Myers Squibb is upgraded to 'conviction buy' at Goldman, and Yelp is initiated with a 'neutral' at Piper Jaffray.
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
- 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
- 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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The company plans to close stores and lay off employees, and says it needs to make some deeper changes.
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