Friday, June 17, 2011

Analyst Actions: RIMM, DRYS, POT, BSX, SPLS


Research in Motion Ltd. (NASDAQ: RIMM): J.P. Morgan on Friday downgraded its rating on the company to neutral from overweight. "The severe EPS target cut and Bold 9900 delay put two final nails in the coffin of our overweight thesis," 

DryShips (NASDAQ: DRYS): Sterne Agee this morning upgraded its rating on the company to Buy from Neutral.

Potash Corp. (NYSE: POT): TD Newcrest raised its rating on the company to Buy from Hold citing price weakness and overreaction to Ethanol Vote. The firm retained its price target of $61. 

Boston Scientific Corporation (NYSE: BSX): Morgan Keegan initiated coverage on the company with an Outperform rating and a price target of $8.

Staples, Inc. (NASDAQ: SPLS): Nomura on Friday downgraded Staples  to Neutral from Buy citing valuation. The firm retained its price target of $14. 

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