Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.
Upgrades:
- Alcoa (AA) upgraded to Neutral from Underweight at HSBC Securities
- Baidu.com (BIDU) target raised to $728 from $720 at Susquehanna Financial
- Chipotle Mexican Grill (CMG) upgraded to Buy from Hold at Jesup & Lamont; price target $149 from $96
- F5 Networks (FFIV) target raised to $80 from $72 at Miller Tabak
- Nabors Industries (NBR) upgraded to Outperform from Underperform at Calyon
- Netflix (NFLX) upgraded to Buy from Hold at Citigroup
- Red Robin Gourmet Burgers (RRGB) upgraded to Buy from Hold at KeyBanc Capital Markets; price target $33
- SanDisk (SNDK) target raised to $52 from $37 at Caris & Company
- Starbucks (SBUX) upgraded to Buy from Hold at Jesup & Lamont; price target $32 from $25
Downgrades:
- Array BioPharma (ARRY) downgraded to Neutral from Buy at UBS
- Dendreon (DNDN) downgraded to Hold from Buy at Lazard
- eBay (EBAY) downgraded to Sell from Neutral at MKM Partners; price target $20
- Elan (ELN) downgraded to Sell from Neutral at UBS
- Time Warner (TWX) downgraded to Perform from Outperform at BMO Capital Markets
Coverage Initiated:
- AirMedia Group (AMCN) initiated with a Hold at Auriga; price target $6
- Delcath Systems (DCTH) initiated with a Buy at Roth; price target $15
- Dollar Thrifty (DTG) initiated with a Buy at Goldman
- Focus Media Holding (FMCN) initiated with a Buy at Auriga; price target $23
- QLT (QLTI) initiated with a Buy at Roth; price target $14
One wonders what Ebay are doing wrong? They’re a buy and buy again in my book.
BB
Ebay aren't doing anything wrong themselves, it's their association with Paypal that's the problem – something to do with Paypal being a bank, I'm hearing…