Analyst Upgrades
- Keefe Bruyette upgraded Jefferies (JEF) to outperform from market perform based on valuation and improved M&A advisory and underwriting prospects. The firm has a $30 target on the shares.
- JPMorgan upgraded Cosan (CZZ) to overweight from neutral based on valuation.The firm has a $10 target on shares.
- Deutsche Bank upgraded CTC Media (CTCM) to buy from hold, citing better-than-expected operational performance and the impact of recent ad law changes. The firm has a $17 target on shares.
Analyst Downgrades
- Standpoint Research downgraded UnitedHealth (UNH) to hold from accumulate based on valuation.
Analyst Initiations
- RBC Capital initiated Old National Bancorp (ONB) with a sector perform. The firm has a $13 price target on the shares.
- Global Hunter believes Coinstar (CSTR) has solid financials and is well-positioned to grow despite the weak consumer environment. The firm initiated Coinstar with a buy and has a $45 target on shares.
- Credit Suisse assumed coverage of DynCorp (DYN) with a neutral and has a $17 target on shares.
- Liberty Media (LSTZA, LCAPA) was initiated with a hold at Collins Stewart.
- Neogen (NEOG) was initiated with a hold at Soleil.
- Fifth Street Finance (FSC) was initiated with an outperform at RBC Capital.
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