Top Stocks Upgrades/Downgrades June 5, 2013

By Vanessa Han, T3Live Jun 5, 2013, 8:59 AM 

UPGRADES

Salesforce.com (NYSE:CRM) upgraded to Conviction Buy from Buy at Goldman. Price target raised to $60

Citrix Systems (NASDAQ:CTXS) upgraded to Buy from Neutral at Goldman. Price target raised to $80.

Baker Hughes (NYSE:BHI) upgraded to Buy from Hold at Jefferies with new target of $54

Apache (NYSE:APA) upgraded to Buy from Hold at Deutsche Bank with new target of $105

DOWNGRADES

Trina Solar (NYSE:TSL) downgraded to Sell from Neutral at Goldman with new price target of $4.

JA Solar (NASDAQ:JASO) downgraded to Sell from Neutral at Goldman with new price target of $4.20

Chevron (NYSE:CVX) downgraded to Equal Weight from Overweight at Barclays

Joy Global, Inc. (NYSE:JOY) downgraded to Neutral from Buy at Goldman

Occidental Petroleum (NYSE:OXY) downgraded to Neutral from Buy at Sterne Agee.

NEW COVERAGE

Workday (NYSE:WDAY) initiated with a Market Perform at FBR Capital with price target of $64

Bank of Ireland (NYSE:IRE) initiated with an Underweight at HSBC

HEADLINES

A judge’s order to freeze Chevron (NYSE:CVX) assets in Argentina has been overturned by the country’s Supreme court, paving the way for Chevron to move forward with a $1.5B shale oil and gas venture with YPF (NYSE:YPF).

Monsanto (NYSE:MON) is getting sued by a Kansas farmer after his discovery of genetically modified wheat in Oregon. He claims the company’s negligence held down wheat prices and forced international markets to suspend certain imports, thus hurting US consumers. It could potentially be the first of many lawsuits of its kind.

Samsung finally won a patent dispite with Apple, which will result in a ban on older iPhones and iPads. The ITC ruled that the products violate a standards-essential Samsung (SSNLF.PK) patent, and there will now be a limited U.S. ban on AT&T’s (NYSE:T) versions of Apple’s (NASDAQ:AAPL) iPhone 3GS and iPhone 4 phones, and the 3G iPad 1 and 2.

Be the first to comment

Leave a Reply

Your email address will not be published.


*