Analyst calls: Banco Santander upgraded

Lennar and First Solar are downgraded, while AstraZeneca is upgraded.

By MSN Money Partner Apr 23, 2012 11:02AM
Information provided by Theflyonthewall.com

Monday's noteworthy upgrades include:  
  • ARM Holdings (ARMH) upgraded to Neutral from Underweight at JPMorgan
  • AstraZeneca (AZN) upgraded to Equal Weight from Underweight at Barclays
  • BMC Software (BMC) upgraded to Positive from Neutral at Susquehanna
  • Banco Santander (STD) upgraded to Conviction Buy from Neutral at Goldman, and to Overweight from Neutral at JPMorgan
  • Royal Bank of Canada (RY) upgraded to Buy from Neutral at BofA/Merrill
  • Capital One (COF) upgraded to Overweight from Neutral at JPMorgan
  • Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Raymond James
  • Lions Gate (LGF) upgraded to Above Average from Average at Caris
Monday's noteworthy downgrades include:  
  • Catalyst Health (CHSI) downgraded to Market Perform from Outperform at BMO Capital
  • Lennar (LEN) downgraded to Fair Value from Buy at CRT Capital
  • Novo Nordisk (NVO) downgraded to Underweight from Equal Weight at Barclays
  • Progressive (PGR) downgraded to Neutral from Buy at Citigroup
  • First Solar (FSLR) downgraded to Sell with $9 price target at Maxim
Monday's noteworthy initiations include:  
  • F5 Networks (FFIV) initiated with an Overweight at Morgan Stanley
  • FactSet (FDS) initiated with an Equal Weight at Morgan Stanley
  • PPG Industries (PPG) initiated with an Overweight at JPMorgan
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