Analyst upgrades, downgrades and initiations: AZN, BCS, JACK, MVL, PCLN, UA ...

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Analyst upgrades:

  • Oppenheimer upgraded Gymboree (NASDAQ: GYMB) to Outperform from Perform following the company's Q2 results to reflect valuation and square footage growth from Crazy 8. The firm has a $52 target on the stock.
  • KeyBanc upgraded Lululemon (NASDAQ: LULU) to Buy from Hold on expectations sales and margins will improve in the near-term due to clean inventory levels. The firm recommends a pair trade of long Lululemon, short Under Armour (NYSE: UA).
  • Keefe Bruyette upgraded Allied Capital (NYSE: ALD) to Market Perform from Underperform following the company's Q2 results and raised its target on shares to $3.50 from $1.
  • Jack in the Box (NASDAQ: JACK) was upgraded to Overweight from Neutral at JPMorgan.
  • LogMeln (NASDAQ: LOGM) was upgraded to Overweight from Neutral at Piper Jaffray.
  • Barclays (NYSE: BCS) was reinstated with an Outperform from Neutral at Credit Suisse.

Analyst downgrades:

  • Oppenheimer downgraded Dearborn Bancorp (NASDAQ: DEAR) to Perform from Outperform as it believes the company will need to raise additional capital to absorb future losses.
  • KeyBanc downgraded Under Armour to Underweight from Hold on concerns higher markdowns and return reserves will pressure margins. The firm recommends a pair trade of long Lululemon, short Under Armour.
  • Deutsche Bank downgraded Regions Financial (NYSE: RF) to Hold from Buy. The firm downgraded shares on valuation following the recent outperformance and concerns that construction and commercial real estate will become increasingly difficult for the banks. Deutsche has a $5 target on shares.
  • PetSmart (NASDAQ: PETM) was downgraded to Neutral from Outperform at Credit Suisse.
  • Brandywine Realty (NYSE: BDN) was downgraded to Neutral from Buy at BofA/Merrill.
  • AstraZeneca (NYSE: AZN) was downgraded to Hold from Buy at Citigroup.

Analyst initiations:

  • Barclays named Priceline.com (NASDAQ: PCLN) its Top Pick in Online Travel. Shares were initiated with an Overweight rating and $180 target.
  • Mariner Energy (NYSE: ME) was initiated with an Outperform rating and $16 target at Credit Suisse.
  • Newell Rubbermaid (NYSE: NWL) was initiated with an Equal Weight rating and $16 target at Morgan Stanley.
  • Marvel (NYSE: MVL) was initiated with a Market Perform rating at BMO Capital.
  • Digital Realty (NYSE: DLR) was assumed with a Buy rating and $48 target at BofA/Merrill.
  • Tyler Technologies (NYSE: TYL) was initiated with an Outperform rating at William Blair.
Symbol Lookup
IndexesChangePrice
DJIA+150.2510,058.64
NASDAQ+24.822,150.87
S&P 500+13.781,070.52

Last updated: February 10, 2010: 06:06 AM

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