Analyst calls: JPMorgan downgraded

Marvell Technology is upgraded to 'market perform,' and Brocade is downgraded to 'hold.'

By MSN Money Partner Jun 5, 2012 11:05AM
Information provided by Theflyonthewall.com

Tuesday's noteworthy upgrades include:  
  • Fusion-io (FIO) upgraded to Buy from Neutral at Sterne Agee
  • Marvell Technology (MRVL) upgraded to Market Perform at JMP Securities
  • Piedmont Natural Gas (PNY) upgraded to Outperform from Neutral at RW Baird
  • Mead Johnson (MJN) upgraded to Buy from Neutral at Miller Tabak
Tuesday's noteworthy downgrades include:  
  • JPMorgan (JPM) downgraded to Outperform from Strong Buy at Raymond James
  • Citigroup (C) downgraded to Outperform from Strong Buy at Raymond James
  • Brocade (BRCD) downgraded to Hold from Buy at ThinkEquity
Tuesday's noteworthy initiations include:  
  • Iron Mountain (IRM) initiated with an Overweight at Piper Jaffray
  • Mednax (MD) initiated with a Buy at Stifel Nicolaus
  • United Rentals (URI) initiated with an Overweight at Piper Jaffray
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