Analyst calls: Merck, Oracle, Costco downgraded

Travelers is upgraded to 'conviction buy' at Goldman, while Akamai is downgraded to 'sell' at Citigroup.

By MSN Money Partner Jan 9, 2012 12:01PM
Information provided by Theflyonthewall.com

Monday's noteworthy upgrades include:
  • Broadcom (BRCM) upgraded to Buy from Hold at Deutsche Bank
  • Comcast (CMCSA) upgraded to Outperform from Neutral at Macquarie
  • Hartford Financial (HIG) upgraded to Buy from Neutral at Goldman
  • MetLife (MET) upgraded to Buy from Neutral at Goldman
  • Travelers (TRV) upgraded to Conviction Buy from Buy at Goldman
  • Akamai (AKAM) upgraded to Hold from Underperform at Jefferies
  • J.C. Penney (JCP) upgraded to Hold from Sell at Deutsche Bank
Monday's noteworthy downgrades include:
  • Akamai (AKAM) downgraded to Sell from Neutral at Citigroup
  • Merck (MRK) downgraded to Hold from Buy at Jefferies
  • XL Group (XL) downgraded to Neutral from Buy at Goldman
  • Unum Group (UNM) downgraded to Neutral from Buy at Goldman
  • Principal Financial (PFG) downgraded to Neutral from Buy at Goldman
  • BlackRock (BLK) downgraded to Buy from Conviction Buy at Goldman
  • Sunoco (SUN) downgraded to Neutral from Outperform at Macquarie
  • Abercrombie & Fitch (ANF) downgraded to Hold from Buy at Brean Murray
  • Oracle (ORCL) downgraded to Market Perform from Outperform at BMO Capital
  • Costco (COST) downgraded to Underperform from Market Perform at Bernstein
  • Tyson Foods (TSN) downgraded to Neutral from Buy at Davenport
Monday's noteworthy initiations include:
  • ARM Holdings (ARMH) initiated with an Underperform at Bernstein
  • Coca-Cola Enterprises (CCE) initiated with a Buy at Deutsche Bank
  • Pandora (P) initiated with a Buy at Needham
  • Microchip (MCHP) coverage resumed with a Sector Perform at Pacific Crest.
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