Analyst calls: Starbucks upgraded at Goldman
Novo Nordisk is downgraded to 'sell,' and IBM is downgraded to 'neutral.'
Wednesday's noteworthy upgrades include:
- AIG (AIG) upgraded to Outperform from Market Perform at Bernstein
- Akamai (AKAM) upgraded to Buy from Neutral at DA Davidson
- Starbucks (SBUX) upgraded to Conviction Buy from Neutral at Goldman
- Biogen (BIIB) upgraded to Buy from Neutral at Goldman
- CSX (CSX) upgraded to Overweight from Neutral at Atlantic Equities
- Gap (GPS) upgraded to Overweight from Neutral at Piper Jaffray
- Joy Global (JOY) upgraded to Buy from Hold at KeyBanc
- Norfolk Southern (NSC) upgraded to Outperform from Sector Perform at RBC Capital
- Southwest (LUV) upgraded to Overweight from Equal Weight at Barclays
- SuperValu (SVU) upgraded to Neutral from Negative at Susquehanna
- Novo Nordisk (NVO) downgraded to Sell from Hold at Deutsche Bank
- IBM (IBM) downgraded to Neutral from Buy at BofA/Merrill
- Progressive (PGR) downgraded to Neutral from Buy at BofA/Merrill
- SanDisk (SNDK) downgraded to Outperform from Top Pick at RBC Capital
- Under Armour (UA) downgraded to Hold from Buy at Stifel Nicolaus
- United Continental (UAL) downgraded to Equal Weight from Overweight at Barclays
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The last time bond investors were this bullish, the 10-year yield saw an extraordinary rise.
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