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Analyst upgrades, downgrades and initiations: RIMM, MGM, ANF ...

Analyst upgrades:
  • Janney Montgomery upgraded City Holding Company (NASDAQ: CHCO) to Buy from Neutral due to valuation and a belief the banking franchise is strong. The firm has a $33 price target on the stock.
  • JMP Securities upgraded Acadia (NASDAQ: ACAD) to Outperform from Market Perform following the announcement that it has partnered with Biovail to develop and commercialize Pimavanserin. The firm has a $7 price target on the stock.
  • RBC Capital upgraded Methanex (NASDAQ: MEOH) to Outperform from Sector Perform and raised its price target to $18 from $11 based on its improving free cash flow outlook.
  • MGM Mirage (NYSE: MGM) was raised to Buy from Underperform at Banc of America/Merrill.
  • Research in Motion (NASDAQ: RIMM) was lifted to Neutral from Underweight at JP Morgan.
  • Con-Way (NYSE: CNW) was upgraded to Overweight from Equal Weight at Stephens.

Continue reading Analyst upgrades, downgrades and initiations: RIMM, MGM, ANF ...

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 07:09 AM

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