Analyst calls: Disney downgraded
Groupon is downgraded to 'equal weight,' while Isis Pharmaceuticals is upgraded to 'outperform.'
Friday's noteworthy upgrades include:
- 3M Company (MMM) upgraded to Neutral from Reduce at Nomura
- Concho Resources (CXO) upgraded to Buy from Hold at Stifel Nicolaus
- Energy Transfer Partners (ETP) upgraded to Equal Weight at Morgan Stanley
- Isis Pharmaceuticals (ISIS) upgraded to Outperform from Neutral at Cowen
- Kinross Gold (KGC) upgraded to Outperform from Neutral at Macquarie
- Marathon Oil (MRO) upgraded to Overweight from Neutral at JPMorgan
- PSEG (PEG) upgraded to Hold from Sell at ISI Group
- Starbucks (SBUX) upgraded to Buy from Hold at Argus
- Allscripts (MDRX) downgraded to Underweight from Neutral at Piper Jaffray
- Cisco (CSCO) downgraded to Neutral from Overweight at JPMorgan
- Disney (DIS) downgraded to Neutral from Buy at Janney Capital
- Groupon (GRPN) downgraded to Equal Weight from Overweight at Morgan Stanley
- LG Display (LPL) downgraded to Hold from Buy at Topeka
- Tim Hortons (THI) downgraded to Market Perform from Outperform at BMO Capital
- Time Warner Cable (TWC) downgraded to Hold from Buy at Stifel Nicolaus
- ARIAD (ARIA) initiated with a Buy at Guggenheim
- Alexion (ALXN) initiated with a Buy at Guggenheim
- Amgen (AMGN) initiated with a Neutral at Guggenheim
- Biogen (BIIB) initiated with a Neutral at Guggenheim
- Celgene (CELG) initiated with a Buy at Guggenheim
- Cubist (CBST) initiated with a Neutral at Mizuho
- Forest Labs (FRX) initiated with a Buy at Mizuho
- Gilead (GILD) initiated with a Buy at Guggenheim
- Zale (ZLC) initiated with a Buy at Citigroup
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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