Analyst calls: DreamWorks upgraded

UBS downgrades Citigroup, Goldman Sachs and Morgan Stanley to 'neutral.'

By MSN Money Partner Sep 20, 2012 11:28AM
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Thursday's noteworthy upgrades include:  
  • Adobe (ADBE) upgraded to Outperform from Sector Perform at RBC Capital
  • American Water (AWK) upgraded to Conviction Buy from Neutral at Goldman
  • DreamWorks (DWA) upgraded to Neutral from Sell at Janney Capital
  • Limited (LTD) upgraded to Outperform from Neutral at Credit Suisse
  • Kinross Gold (KGC) upgraded to Buy from Speculative Buy at TD Securities
Thursday's noteworthy downgrades include:  
  • Citigroup (C) downgraded to Neutral from Buy at UBS
  • Goldman Sachs (GS) downgraded to Neutral from Buy at UBS
  • Morgan Stanley (MS) downgraded to Neutral from Buy at UBS
  • Coach (COH) downgraded to Neutral from Outperform at Credit Suisse
  • Marriott (MAR) downgraded to Neutral from Overweight at JPMorgan
  • Norfolk Southern (NSC) downgraded to Market Perform from Outperform at Wells Fargo
  • Questcor (QCOR) downgraded to Hold from Buy at Jefferies
  • St. Jude Medical (STJ) downgraded to Neutral from Buy at Mizuho
  • U.S. Steel (X) downgraded to Neutral from Buy at Nomura
Thursday's noteworthy initiations include:  
  • Patterson Companies (PDCO) initiated with a Buy at WallachBeth
  • Patterson-UTI Energy (PTEN) initiated with a Buy at Wunderlich
  • Tyco (TYC) initiated with an Overweight at Barclays
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