Top Upgrades/Downgrades and Company News (Jan. 7, 2011)

  • Citigroup (NYSE:C) is reportedly looking for a buyer for its CitiFinancial Unit for as much as $1 billion
  • Goldman Sachs (NYSE:GS) has added Diamond Offshore (NYSE:DO) to its Conviction Buy List, upgrading the shares from a “selling” rating previously held, with a target price of $85
  • Morgan Stanley (NYSE:MS) has downgraded Kohl’s (NYSE:KSS) from “overweight” to “equalweight”
  • JP Morgan (NYSE:JPM) upgraded Tyco International (NYSE:TYC) from “neutral” to “overweight” rating with a price target $50
  • JP Morgan (NYSE:JPM) has upgraded 3M (NYSE:MMM) from “underweight” to “neutral” with a target price of $95
  • Goldman Sachs (NYSE:GS) has removed Lorillard (NYSE:LO) from its Conviction Buy List, but maintained a “buy” rating, with a target price $100
  • Deutsche Bank (NYSE:DB) downgraded CME Group (NYSE:CME) from “buy” to “hold” rating with a target price of $320

CITIGROUP INC (C): Free Stock Analysis Report
DIAMOND OFFSHOR (DO): Free Stock Analysis Report

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