Thursday, June 24, 2010

Notable Analyst Rating Changes 06/24: PNW, HRP, BBBY, WYNN Upgraded; LOW, WTNY, HD, TRW Downgraded

Barclays upgrades Pinnacle West Capital(NYSE: PNW) from Equalweight to Overweight, and price target increased by $1 to $40.

Stifel Nicolaus upgrades HRPT Properties Trust (NYSE: HRP) from Hold to Buy.

Raymond James upgrades Bed Bath &Beyond (Nasdaq: BBBY) to Strong Buy.

Sterne upgrades Wynn Resorts (Nasdaq: WYNN) the stock from Neutral to Buy, increasing their price target from $85 to $115.

JMS Research downgrades Lowe's (NYSE: LOW) from Buy to Neutral. 

J.P. Morgan downgrades Whitney Holding (Nasdaq: WTNY) from Neutral toUnderweight, with a price target lowered from $14.50 to $10.

JMS Research downgrades Home Depot (NYSE: HD) from Buy to Neutral.

FBR Capital downgrades TRW Automotive (NYSE: TRW) from Buy to Hold. 

ThinkEquity assumes coverage on Apple (Nasdaq: AAPL) with a Buy rating.

Societe Generale initiates coverage on Teva Pharmaceutical (Nasdaq: TEVA) with a Buy rating, and price target of $65.

J.P. Morgan resumes coverage on Peabody Energy (NYSE: BTU) with an Overweight rating, and price target of $58.

Stifel Nicolaus initiates coverage on CareFusion (NYSE: CFN) with a Hold rating.

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