Analyst calls: MGM downgraded

AK Steel is upgraded to 'buy,' and VeriFone is downgraded to 'neutral.'

By MSN Money Partner Aug 8, 2012 11:35AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:  
  • AK Steel (AKS) upgraded to Buy from Fair Value at CRT Capital
  • CVS Caremark (CVS) upgraded to Outperform from Market Perform at BMO Capital
  • Church & Dwight (CHD) upgraded to Buy from Neutral at SunTrust
Wednesday's noteworthy downgrades include:  
  • FirstEnergy (FE) downgraded to Market Perform from Outperform at BMO Capital, and to Neutral from Buy at UBS
  • Fossil (FOSL) downgraded to Neutral from Buy at Citigroup
  • Intercontinental Hotels (IHG) downgraded to Neutral from Buy at SunTrust and to to Neutral from Overweight at JPMorgan
  • MGM Resorts (MGM) downgraded to Equal Weight from Overweight at Morgan Stanley
  • VeriFone (PAY) downgraded to Neutral from Buy at UBS
  • Warner Chilcott (WCRX) downgraded to Market Perform from Outperform at Wells Fargo
  • Windstream (WIN) downgraded to Reduce from Neutral at Nomura
Wednesday's noteworthy initiations include:  
  • Nordson (NDSN) initiated with an Outperform at Oppenheimer
  • Tractor Supply (TSCO) initiated with an Outperform at RBC Capital
  • Tesla Motors (TSLA) re-initiated with a Neutral at BofA/Merrill
  • Polycom (PLCM) initiated with a Market Perform at Northland Securities
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