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Analysts' Upgrades, Downgrades: RIM

Change in Ratings

Research in Motion (RIMM) added to Goldman's conviction buy list based on valuation, a stronger dollar and attractive pipeline. Sees 44% upside to its 12-month target of $68, based on 19x P/E.

J.M. Smucker (SJM - Get Report) upgraded at Merrill from Underperform to Buy. $48 price target. Estimates also raised to reflect stronger expected volume and lower commodity costs.

Sunoco (SUN - Get Report) downgraded at Deutsche Bank from Hold to Sell. Valuation call, based on lower expected demand and oil prices.

United Therapeutics (UTHR - Get Report) upgraded at Piper Jaffray to Neutral from Sell. Says near-term risk is limited following sell-off. Lowered target price to $60 from $71.

Stock Comments/EPS Changes

Medtronic (MDT - Get Report) target cut at Credit Suisse to $37 from $49 based on low visibility following Q2 results. Maintained Neutral rating.

St. Jude Medical (STJ - Get Report) target lowered at Credit Suisse to $31 from $38. Says 2009 is likely to be very challenging and foreign exchange is a big headwind. Maintained Neutral rating.

This article was written by a staff member of TheStreet.com.

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SYM TRADE IT LAST %CHG
SUN $51.07 0.00%
MDT $77.61 0.00%
SJM $116.31 0.00%
STJ $73.47 0.00%
UTHR $186.69 0.00%

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