Credit Suisse First Boston downgraded several energy and oil companies this morning. Analyst Philip Pace downgraded Swift Energy (SFY) - Get Report, Apache (APA) - Get Report and Noble Affiliates (NBL) - Get Report to buy from strong buy and Pogo Producing (PPP) and Vastar Resources (VRI) to hold from buy.
: price target UP to 75 at
: price target UP to 30 from 20 at
: UP to strong buy from buy at
; price target: 100.
: UP to attractive from neutral at
; price target: 28-30.
: UP to strong buy from buy at ING Barings; price target: 55.
: DOWN to neutral from buy at
: DOWN to trading buy from recommended list at
: DOWN to hold from accumulate at Prudential.
: DOWN to market perform from buy at
Donaldson Lufkin & Jenrette
: DOWN to hold from buy at CSFB.
: NEW buy at Lehman Brothers; price target: 70.
: NEW outperform at
Morgan Stanley Dean Witter
; price target: 13.
: NEW buy at CSFB; price target: 57.
Bear Stearns analyst Jason Ader launched coverage of the online travel sector by placing buy ratings on two stocks:
Lehman Brothers initiated coverage of several retailers with buy ratings:
- Jones Apparel (JNY) : NEW buy; price target: 36.
Liz Clairborne (LIZ) : NEW buy; price target: 57.
Tommy Hilfiger (TOM) : NEW outperform; price target: 10.
Merrill Lynch reinstated coverage of several regional banks with near-term neutral ratings and long-term accumulate ratings: