Tuesday, April 3, 2012

Stock Upgrades and Downgrades 04-3-2012

Analysts' Actions: GPN, KO, SLB, BBY




NEW YORK (TheStreet) -- CHANGE IN RATINGS
Accretive Health(AH) was downgraded at Goldman Sachs from Buy to Neutral. $24 price target. Fairview contract loss could hang over the stock, Goldman said.
Amazon.com(AMZN) was initiated with a Market Perform rating at JMP Securities. Growth may be decelerating, and the company already trades at a premium valuation, JMP said.
Autozone(AZO) was upgraded at Goldman Sachs from Neutral to Buy. Company was also placed on the Conviction Buy list, Goldman said. $435 price target. Company is seeing higher commercial demand and has strong operating leverage.
Best Buy(BBY) was downgraded at McAdams, Wright Ragen from Buy to Sell. Confindence in management is waning, McAdams said.
Beam(BEAM) was downgraded from Buy to Neutral at Goldman Sachs. Valuation call, based on a $58 price target, Goldman said.
Bridgepoint(BPI) was initiated with a Hold rating at Deutsche Bank. $25 price target. Industry faces higher potential competition, Deutsche said.
Fifth Third(FITB) was upgraded at Stifel Nicolaus from Hold to Buy. $17 price target. Stock has lagged year-to-date, though the company is leveraged to better mortgage and loan growth, Stifel said.
Global Payments(GPN) was downgraded at Nomura Securities to Neutral. $46 price target. Company is seeing weaker sales growth, Nomura said.
Global Payments was upgraded Hold to Buy at Stifel Nicolaus. $54 price target. Stock has overreacted to the recent security breach, Stifel said.
Coca-Cola(KO) was downgraded at Stifel Nicolaus from Buy to Hold. Valuation call, Stifel said.
Pandora(P) was initiated with an Outperform rating at JMP Securities. $14 price target. Listening growth should continue, JMP said.
Schlumberger(SLB) was upgraded at Sterne Agee from Neutral to Buy. Stock is attractive, following a 15% decline, Sterne Agee said. $93 price target.

TheStreet Staff

04/03/12 - 08:47 AM EDT

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