Analyst calls: Citigroup initiates 12 retailers

The firm also downgrades AMD, Intel and Marvell.

By MSN Money Partner Sep 13, 2012 12:02PM
Information provided by Theflyonthewall.com

Thursday's noteworthy upgrades include:  
  • Cliffs Natural (CLF) upgraded to Buy from Neutral at Nomura
  • Zumiez (ZUMZ) upgraded to Buy from Neutral at DA Davidson
Thursday's noteworthy downgrades include:  
  • AMD (AMD) downgraded to Neutral from Buy at Citigroup
  • Intel (INTC) downgraded to Neutral from Buy at Citigroup
  • Marvell (MRVL) downgraded to Neutral from Buy at Citigroup
  • Darden (DRI) downgraded to Neutral from Outperform at RW Baird
  • Nike (NKE) downgraded to Neutral from Buy at Citigroup
  • Northrop Grumman (NOC) downgraded to Sell from Neutral at UBS
  • T. Rowe Price (TROW) downgraded to Neutral from Outperform at Credit Suisse
  • UPS (UPS) downgraded to Equal Weight from Overweight at Barclays
Thursday's noteworthy initiations include:  
  • Abercrombie & Fitch (ANF) initiated with a Sell at Citigroup
  • American Eagle (AEO) initiated with a Buy at Citigroup
  • Ascena Retail (ASNA) initiated with a Buy at Citigroup
  • Coach (COH) initiated with a Neutral at Citigroup
  • Gap (GPS) initiated with a Neutral at Citigroup
  • Limited (LTD) initiated with a Buy at Citigroup
  • Michael Kors (KORS) initiated with a Buy at Citigroup
  • Ross Stores (ROST) initiated with a Buy at Citigroup
  • Signet Jewelers (SIG) initiated with a Buy at Citigroup
  • TJX (TJX) initiated with a Buy at Citigroup
  • Tiffany (TIF) initiated with a Buy at Citigroup
  • Urban Outfitters (URBN) initiated with a Neutral at Citigroup
  • Microsoft (MSFT) initiated with a Hold at Jefferies
  • Red Hat (RHT) initiated with a Buy at Jefferies
  • Nuance (NUAN) initiated with an Overweight at Morgan Stanley
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