Analyst calls: JPMorgan upgraded to 'conviction buy'

Dow Chemical is downgraded to 'neutral,' and eBay is initiated with a 'buy.'

By MSN Money Partner Jun 26, 2012 11:28AM
Information provided by Theflyonthewall.com

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
Tuesday's noteworthy downgrades include:
  • 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
Tuesday's noteworthy initiations include:
  • 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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