Analyst calls: Freeport McMoRan downgraded

Starbucks is upgraded to 'outperform,' and Crocs is initiated with an 'outperform.'

By MSN Money Partner Dec 6, 2012 1:04PM
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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
photodiskThursday's noteworthy downgrades include:
  • 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
Thursday's noteworthy initiations include:
  • 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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