Analyst calls: Groupon downgraded at 2 firms
Palo Alto is initiated with a 'buy' at Goldman, and Elan is upgraded to 'buy' at UBS.
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
- 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
- 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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The solid report comes a month after the retailer closed all of its Canadian operations.
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