Analyst calls: Groupon downgraded at 2 firms

Palo Alto is initiated with a 'buy' at Goldman, and Elan is upgraded to 'buy' at UBS.

By MSN Money Partner Aug 14, 2012 11:34AM
Information provided by Theflyonthewall.com

Tuesday's noteworthy upgrades include:  
  • Delhaize Group (DEG) upgraded to Buy from Neutral at Citigroup
  • Elan (ELN) upgraded to Buy from Neutral at UBS
  • Willis Group (WSH) upgraded to Buy from Neutral at BofA/Merrill
Tuesday's noteworthy downgrades include:  
  • Groupon (GRPN) downgraded to Hold from Buy at Benchmark Co, and to Neutral from Buy at Citigroup
  • Vale (VALE) downgraded to Neutral from Buy at BofA/Merrill
  • Wendy's (WEN) downgraded to Underweight from Hold at KeyBanc
Tuesday's noteworthy initiations include:  
  • Avnet (AVT) initiated with an Outperform at CLSA
  • Ingram Micro (IM) initiated with an Underperform at CLSA
  • NetEase.com (NTES) initiated with a Neutral at Citigroup
  • Palo Alto (PANW) initiated with a Buy at Goldman, and with a Neutral at Citigroup
  • Select Comfort (SCSS) initiated with an Overweight at Barclays
  • Tech Data (TECD) initiated with an Outperform at CLSA
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