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Thursday's Analysts' Upgrades and Downgrades

 

CHANGE IN RATINGS

Checkfree (CKFR Quote) upgraded at Citigroup: CKFR was upgraded to Buy, Citigroup said. Stock has been sold down on maturity concerns, though ePayments growth potential remains strong.

Coldwater Creek (CWTR Quote) coverage initiated at Goldman Sachs: Goldman said it is initiating coverage on CWTR with a Neutral rating. See attractive earnings prospects but high expectations. Multi-channel strategy attracts middle-aged, female shoppers with proprietary, casual merchandise. Target price at $30.

EOG Resources (EOG Quote) downgraded at UBS: EOG downgraded to Neutral on valuation, said UBS. Raises price target to $79.00 from $74.00 and eps estimates to $12.95 from $12.75.

Medarex (MEDX Quote) upgraded at Morgan Stanley: Morgan Stanley said it is upgrading MEDX to Overweight from Equal Weight based on increased confidence that Phase III trials for anti-CTLA-4's drug will be positive. Maintained $22 target price. ...

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