Analyst calls: Kraft initiated at 3 firms

Mondelez is downgraded to 'hold,' and Citigroup is upgraded to 'outperform.'

By MSN Money Partner Oct 2, 2012 12:14PM
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Tuesday's noteworthy upgrades include:
  • Citigroup (C) upgraded to Outperform from Market Perform at Keefe Bruyette
  • Lennar (LEN) upgraded to Neutral from Sell at Citigroup
  • Liberty Media (LMCA) upgraded to Buy from Neutral at Citigroup
  • Microchip (MCHP) upgraded to Buy from Hold at ThinkEquity
  • PNC Financial (PNC) upgraded to Buy from Hold at Deutsche Bank
  • Devon Energy (DVN) upgraded to Outperform from Market Perform at FBR Capital
Tuesday's noteworthy downgrades include:
  • Baidu (BIDU) downgraded to Outperform from Strong Buy at Raymond James
  • Barclays (BCS) downgraded to Neutral from Buy at UBS
  • Fifth Third Bancorp (FITB) downgraded to Market Perform from Outperform at Wells Fargo
  • Goldcorp (GG) downgraded to Hold from Buy at Deutsche Bank
  • KB Home (KBH) downgraded to Sell from Neutral at Citigroup
  • Lloyds Banking (LYG) downgraded to Neutral from Buy at UBS
  • Royal Bank of Scotland (RBS) downgraded to Neutral from Buy at UBS
  • Safeway (SWY) downgraded to Underperform from Neutral at Credit Suisse
  • Southern Company (SO) downgraded to Underperform from Neutral at Credit Suisse
  • Wells Fargo (WFC) downgraded to Hold from Buy at Deutsche Bank
  • Starwood Hotels (HOT) downgraded to Outperform from Strong Buy at Raymond James
  • Agrium (AGU) downgraded to Hold from Action List Buy at TD Securities
  • Mondelez (MDLZ) downgraded to Hold from Buy at Jeffries
Tuesday's noteworthy initiations include:
  • Hologic (HOLX) initiated with an Outperform at Cowen
  • Kraft Foods Group (KRFT) initiated with a Buy at Jefferies, and with a Buy at UBS, and with a Neutral at Citigroup
  • Mead Johnson (MJN) initiated with an Outperform at Wells Fargo
  • Mondelez (MDLZ) initiated with a Hold at Deutsche Bank, and with an Outperform at RBC Capital
  • Wynn Resorts (WYNN) initiated with a Buy at ISI Group
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