Analyst calls: Groupon initiated at several banks

Avon is upgraded after its CEO is ousted, while Best Buy is both upgraded and downgraded.

By MSN Money Partner Dec 14, 2011 12:14PM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:
  • Avon Products (AVP) upgraded to Outperform from Market Perform at BMO Capital
  • Vertex Pharma (VRTX) upgraded to Outperform from Underperform at Credit Suisse
  • SunTrust (STI) upgraded to Outperform from Market Perform at Bernstein
  • Energy Transfer Partners (ETP) upgraded to Buy from Neutral at UBS
  • Energy Transfer Equity (ETE) upgraded to Buy from Neutral at UBS
  • Best Buy (BBY) upgraded to Buy from Above Average at Caris
Wednesday's noteworthy downgrades include
  • Digital Realty (DLR) downgraded to Neutral from Buy at Goldman
  • Fifth Third Bancorp (FITB) downgraded to Market Perform from Outperform at Bernstein
  • Altria Group (MO) downgraded to Hold from Buy at Stifel Nicolaus
  • Best Buy (BBY) downgraded to Sector Perform from Top Pick at RBC Capital
  • Kohl's (KSS) downgraded to Hold from Buy at Deutsche Bank
Wednesday's noteworthy initiations include:
  • Groupon (GRPN) initiated with an Outperform at Wells Fargo, with a Buy at BofA/Merrill, with a Hold at Deutsche Bank, with a Neutral at Citigroup, and with a Neutral at Credit Suisse
  • Ametek (AME) initiated with a Buy at Jefferies
  • CareFusion (CFN) initiated with a Market Perform at Morgan Keegan
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