Analyst calls: Cisco upgraded to 'conviction buy'
3 homebuilders are upgraded at JPMorgan, and Select Medical is downgraded at 3 firms.
Thursday's noteworthy upgrades include:
- Allscripts (MDRX) upgraded to Overweight from Neutral at JPMorgan
- American Electric (AEP) upgraded to Buy from Hold at ISI Group
- Beazer Homes (BZH) upgraded to Overweight from Underweight at JPMorgan
- KB Home (KBH) upgraded to Overweight from Neutral at JPMorgan
- PulteGroup (PHM) upgraded to Overweight from Neutral at JPMorgan
- Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman, and to Overweight from Neutral at Piper Jaffray
- Salix (SLXP) upgraded to Buy from Hold at Cantor
- Boingo Wireless (WIFI) downgraded to Hold from Buy at Deutsche Bank
- Forest Labs (FRX) downgraded to Neutral from Overweight at JPMorgan
- Kinross Gold (KGC) downgraded to Hold from Buy at Canaccord
- Liberty Media (LMCA) downgraded to Neutral from Buy at Janney Capital
- NetApp (NTAP) downgraded to Hold from Buy at Cantor
- Select Medical (SEM) downgraded to Neutral from Buy at UBS, and to Neutral from Outperform at RW Baird, and to Sector Perform from Outperform at RBC Capital
- Toll Brothers (TOL) downgraded to Underweight from Overweight at JPMorgan
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The cosmetics company's disappointing earnings report is yet another illustration of how difficult the retail sector has become.
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