Analyst calls: Safeway upgraded to 'buy'

VMware and Akamai are downgraded, while Regions Financial is initiated with 'market perform.'

By MSN Money Partner Jan 13, 2012 11:55AM
Information provided by Theflyonthewall.com

Friday's noteworthy upgrades include:
  • Citrix Systems (CTXS) upgraded to Buy from Neutral at Citigroup
  • Safeway (SWY) upgraded to Buy from Hold at Jefferies
  • Children's Place (PLCE) upgraded to Buy from Neutral at BofA/Merrill
  • Chipotle Mexican Grill (CMG) upgraded to Outperform from Market Perform at William Blair
Friday's noteworthy downgrades include:
  • VMware (VMW) downgraded to Sell from Neutral at Citigroup
  • McDermott (MDR) downgraded to Neutral from Buy at Goldman
  • JDA Software (JDAS) downgraded to Market Perform from Outperform at JMP Securities
  • Akamai (AKAM) downgraded to Neutral from Buy at DA Davidson
  • Charles Schwab (SCHW) downgraded to Market Perform from Outperform at Wells Fargo
  • Dr Pepper Snapple (DPS) downgraded to Market Perform from Outperform at Wells Fargo
  • Canadian National (CNI) downgraded to Underweight from Neutral at JP Morgan
Friday's noteworthy initiations include:
  • BankUnited (BKU) initiated with an Outperform at Wells Fargo
  • M&T Bank (MTB) initiated with a Market Perform at Wells Fargo
  • Regions Financial (RF) initiated with a Market Perform at Wells Fargo
  • J.B. Hunt (JBHT) initiated with an Outperform at FBR Capital
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