Several stocks were upgraded, downgraded and initiated by analysts and rating agencies on Friday, March 18, 2011.
Ford Inc. (NYSE: F): Jefferies & Co. on Friday initiated coverage on the company with a Buy rating and a price target of $19. In a research note to clients, the firm said, Expectations appear to be low enough for Ford in 2011 that it offers an attractive means to participate in continued upside risk to industry sales volumes, with below-average downside risk due to the stock's reasonable 4.3x EV/EBITDA valuation."
Motorola Mobility Holdings (NYSE: MMI): UBS this morning upgraded its rating on the stock to Buy from Neutral. The firm also boosted its price target on the stock to $34 from $33.
General Motors (NYSE: GM): Jefferies & Co. initiated coverage on the stock with a Hold rating and a price target of $34.
American Eagle Outfitters (NYSE: AEO): Susquehanna on Friday downgraded its rating on the company to Neutral from Positive.
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