Top Stocks Upgrades/Downgrades June 10, 2013

UPGRADES

Facebook (FB) upgraded to Buy from Hold at Stifel. Price target $29

AT&T (T) upgraded to Buy from Hold at Argus. Price target $42

IMAX (IMAX) upgraded to Buy from Neutral at B. Riley. Price target $37

Monsanto (MON) upgraded to Outperform from Neutral at Macquarie. Price target $117

Weyerhaeuser (WY) upgraded to Outperform from Sector Perform at RBC Capital

Standard Pacific (SPF) upgraded to Neutral from Underweight at JPMorgan. Price target $10.50

EQT Corporation (EQT) upgraded to Buy from Hold at Brean Capital. Price target $97

Western Union (WU) upgraded to Outperform from Market Perform at Raymond James

Nomura (NMR) upgraded to Buy from Hold at Deutsche Bank

DOWNGRADES

Moody’s (MCO) downgraded to Neutral from Buy at Lazard Capital.

Bank of Ireland (IRE) downgraded to Sell from Neutral at Goldman.

Morgan Stanley (MS) downgraded to Perform from Outperform at Oppenheime

HEADLINES

Google (GOOG) has reportedly agreed to buy Israeli mobile traffic app company Waze for $1.3B. Waze has drawn the interest of several heavy hitters in the tech sector, but GOOG now appears to have won the bidding war.

Apple (AAPL) will hold its annual developers conference this week. The Cupertino-based company is expected to introduce its revamped iOS operating system, an update to its Mac OS, an Internet-radio service and new laptops. The new iOS will be the first release under Jonathan Ive, Apple’s hardware design guru. The internet radio service comes after several unsuccessful cloud offerings.

Microsoft (MSFT) and Sony (SNE) are expected to share details about their new flagship gaming consoles at the Electronic Entertainment Expo, which takes place today in Los Angeles.

About John Darsie 46 Articles

John Darsie is the Business Editor of T3Live.com

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