Analyst calls: JPMorgan upgraded to 'conviction buy'
Dow Chemical is downgraded to 'neutral,' and eBay is initiated with a 'buy.'
Tuesday's noteworthy upgrades include:
- AutoZone (AZO) upgraded to Buy from Hold at Deutsche Bank
- JPMorgan (JPM) upgraded to Conviction Buy from Buy at Goldman
- Post Properties (PPS) upgraded to Buy from Hold at Stifel Nicolaus
- Veeco (VECO) upgraded to Buy from Hold at Stifel Nicolaus
- Celgene (CELG) upgraded to Outperform from Neutral at Cowen
- Shire (SHPGY) upgraded to Buy from Hold at Societe Generale
- Noble Corporation (NE) upgraded to Overweight from Equal Weight at Stephens
- Sohu.com (SOHU) upgraded to Buy from Hold at ThinkEquity
- Dow Chemical (DOW) downgraded to Neutral from Overweight at JPMorgan
- Morgan Stanley (MS) downgraded to Neutral from Conviction Buy at Goldman
- PSE&G (PEG) downgraded to Hold from Buy at Jefferies
- Edwards Lifesciences (EW) downgraded to Neutral from Buy at UBS
- Patterson-UTI Energy (PTEN) downgraded to Sector Perform from Outperform at RBC Capital
- Cognizant (CTSH) downgraded to Sell from Neutral at Goldman
- Google (GOOG) coverage resumed with an Equal Weight at Morgan Stanley
- L-3 Communications (LLL) coverage resumed with a Hold at Stifel Nicolaus
- Lockheed Martin (LMT) coverage resumed with a Hold at Stifel Nicolaus
- Northrop Grumman (NOC) coverage resumed with a Hold at Stifel Nicolaus
- Raytheon (RTN) coverage resumed with a Buy at Stifel Nicolaus
- EBay (EBAY) initiated with a Buy at Needham
- Stryker (SYK) initiated with a Hold at Cantor
- ACE Ltd. (ACE) initiated with a Buy at Sterne Agee
- Gannett (GCI) initiated with an Outperform at Imperial Capital
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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