Analyst calls: Freeport McMoRan downgraded
Starbucks is upgraded to 'outperform,' and Crocs is initiated with an 'outperform.'
Thursday's noteworthy upgrades include:
- Fastenal (FAST) upgraded to Outperform from Market Perform at William Blair
- Simon Property (SPG) upgraded to Buy from Neutral at UBS
- Southern Copper (SCCO) upgraded to Buy from Neutral at Citigroup
- Starbucks (SBUX) upgraded to Outperform from Neutral at RW Baird
- Chevron (CVX) upgraded to Buy from Hold at Dahlman Rose
- Canadian Pacific (CP) upgraded to Buy from Hold at Stifel Nicolaus
- Monster Beverage (MNST) upgraded to Outperform from Neutral at Consumer Edge Resarch
- AutoZone (AZO) downgraded to Perform from Outperform at Oppenheimer
- Freeport McMoRan (FCX) downgraded to Hold from Buy at Deutsche Bank
- Grainger (GWW) downgraded to Neutral from Buy at UBS
- JDSU (JDSU) downgraded to Market Perform from Outperform at Raymond James
- Intercontinental Hotels (IHG) downgraded to Neutral from Outperform at Credit Suisse
- MetLife (MET) downgraded to Equal Weight from Overweight at Barclays
- Netflix (NFLX) downgraded to Below Average from Average at Caris
- McMoRan Exploration (MMR) downgraded to Neutral from Add at Capital One
- Crocs (CROX) initiated with an Outperform at Imperial Capital
- Fusion-io (FIO) initiated with a Buy at BofA/Merrill
- Lions Gate (LGF) initiated with a Neutral at Goldman
- Mellanox (MLNX) initiated with a Neutral at UBS
- Apollo Investment (AINV) initiated with a Market Perform at Raymond James
- Cablevision (CVC) initiated with an Outperform at Raymond James
- Bob Evans (BOBE) initiated with a Buy at Sidoti
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An interest rate tease in The Wall Street Journal sends the market into an optimistic tizzy -- but one that doesn't end quite at the top.
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