Analyst calls: AK Steel downgraded to 'sell'

Eli Lilly is upgraded to 'overweight,' and GlaxoSmithKline is downgraded to 'neutral.'

By MSN Money Partner Aug 28, 2012 11:28AM
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Tuesday's noteworthy upgrades include:
  • Eli Lilly (LLY) upgraded to Overweight from Underweight at Atlantic Equities
  • Hudson City Bancorp (HCBK) upgraded to Outperform from Underperform at RBC Capital
  • China Southern Airlines (ZNH) upgraded to Neutral from Sell at Citigroup
Tuesday's noteworthy downgrades include: 
  • AK Steel (AKS) downgraded to Sell from Neutral at UBS
  • ASML (ASML) downgraded to Sell from Hold at Deutsche Bank
  • GlaxoSmithKline (GSK) downgraded to Neutral from Buy at UBS
  • Hudson City Bancorp (HCBK) downgraded to Neutral from Buy at Guggenheim
  • Kenexa (KNXA) downgraded to Neutral from Outperform at Credit Suisse.
Tuesday's noteworthy initiations include: 
  • Ford (F) initiated with an Outperform at CLSA
  • General Motors (GM) initiated with an Underperform at CLSA
  • Mosaic (MOS) initiated with a Neutral at Piper Jaffray
  • MGM Resorts (MGM) coverage assumed with a Hold at Brean Murray
  • TD Bank (TD) and Bank of Montreal (BMO) initiated with a Hold at Stifel Nicolaus
  • Sally Beauty (SBH) initiated with an Overweight at JPMorgan
  • Lions Gate (LGF) initiated with an Outperform at Barrington

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