Analyst upgrades, downgrades and initiations: AAPL, AXP, AMZN, KSU, IPG

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Analyst upgrades:
  • UBS upgraded Kansas City Southern (NYSE:KSU) to Buy from Neutral and lowered its target to $26 from $35 citing valuation.
  • Gabelli upgraded Media General (NYSE:MEG) to Hold from Sell because the firm thinks that Harbinger Capital has sold most of its shares in the company. As a result, the firm thinks the stock will be under less selling pressure.
  • Eagle Bulk Shipping (NASDAQ:EGLE) was upgraded to Neutral from Underperform at Merrill Lynch.
  • Centene (NYSE:CNC) was raised to Buy from Neutral at Goldman.
  • Ralcorp (NYSE:RAH) was upgraded at Credit Suisse to Outperform from Neutral.
  • Interpublic Group (NYSE:IPG) was upgraded to Equal Weight from Underweight at Morgan Stanley.
Analyst downgrades:
  • Keefe Bruyette downgraded Healthcare Realty(NYSE:HR) to Market Perform from Outperform on concerns the company's development activity could be dilutive to near-term earnings.
  • Citigroup downgraded Satyam (NYSE:SAY) to Sell from Buy as they believe the company's acquisition plans, and subsequent cancellation of the deals, will lessen investor confidence in the name.
  • Oppenheimer downgraded Apple (NASDAQ:AAPL) to Perform from Outperform citing Steve Jobs cancellation of his annual key note speech at Macworld on January 6. The analyst said the unexpected announcement underscores Apple's long-term dependence on Job's health and its lack of succession plan.
  • Baird downgraded Carlisle NYSE:CSL)to Neutral from Outperform.
  • Gibraltar Industries (NASDAQ:ROCK) was downgraded at Piper Jaffray to Sell from Buy.
  • NetApp (NASDAQ:NTAP) was cut to Accumulate from Buy at ThinkPanmure.
Analyst initiations:
  • Citigroup believes the acquisition of Barr enhances Teva's (NASDAQ:TEVA) growth. The firm started shares with a Buy rating and $52 target.
  • Suntrust initiated American Express (NYSE:AXP) with a Reduce citing slowing growth and greater-than-industry deterioration in credit quality.
  • Roth Capital initiated The Buckle (NYSE:BKE) with a Hold rating and $17 target citing the deteriorating macro environment.
  • Amazon.com (NASDAQ:AMZN) and Allegheny Tech (NYSE:ATI) were assumed with Neutral ratings and targets of $52 and $26, respectively, at UBS.
  • Digital Realty (NYSE:DLR) was initiated at Piper Jaffray with a Buy rating.
  • Mylan (NYSE:MYL) was started with an Overweight rating and $15 target at JP Morgan.
Symbol Lookup
IndexesChangePrice
DJIA+150.2510,058.64
NASDAQ+24.822,150.87
S&P 500+13.781,070.52

Last updated: February 09, 2010: 11:09 PM

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