Analyst calls: Groupon upgraded

Facebook is initiated with an 'outperform,' and Pulte Group is upgraded to 'outperform.'

By MSN Money Partner Jun 6, 2012 11:05AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include: 
  • Continental Resources (CLR) upgraded to Buy from Hold at Jefferies
  • Dick's Sporting (DKS) upgraded to Outperform from Market Perform at Wells Fargo
  • Groupon (GRPN) upgraded to Hold from Sell at Stifel Nicolaus
  • Northeast Utilities (NU) upgraded to Buy from Hold at Deutsche Bank
  • Tata Motors (TTM) upgraded to Hold from Sell at Deutsche Bank
  • Shuffle Master (SHFL) upgraded to Buy from Neutral at Janney Capital
  • Pulte Group (PHM) upgraded to Outperform from Neutral at Credit Suisse
  • Southwestern Energy (SWN) upgraded to Neutral from Underperform at Credit Suisse
Wednesday's noteworthy downgrades include: 
  • Rackspace (RAX) downgraded to Hold from Buy at Jefferies
  • Symantec (SYMC) downgraded to Market Perform from Outperform at FBR Capital
  • Quest Diagnostics (DGX) downgraded to Underperform from Outperform at Raymond James
  • Sherwin-Williams (SHW) downgraded to Underperform from Neutral at BofA/Merrill
Wednesday's noteworthy initiations include: 
  • Facebook (FB) initiated with an Outperform at JMP Securities
  • CIT Group (CIT) initiated with a Buy at Janney Capital
  • SLM Corp. (SLM) initiated with a Neutral at Janney Capital
  • VeriSign (VRSN) initiated with an Outperform at Wells Fargo
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