More Analyst Calls (MT, ASML, FSLR, PALM, SBUX, RIMM)

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By Douglas A. McIntyre Updated Published
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Money_stack_pic_2There are some additional important analyst calls which were not on the early bird list over an hour ago.  Here are some additional upgrades, downgrades, and initiations of new coverage from Wall Street analysts:

  • ArcelorMittal (NYSE: MT) Cut to Neutral from Overweight at JPMorgan.
  • ASML (NASDAQ: ASML) Raised to Buy at Goldman Sachs (may be yesterday call)
  • First Solar (NASDAQ: FSLR) Started as Buy at Jefferies.
  • Palm (NASDAQ: PALM) Raised to Hold from Sell at Needham.
  • Starbucks (NASDAQ: SBUX) Started as Hold at Jefferies.

Research in Motion (NASDAQ: RIMM) has seen its price target cut by several more firms this morning after yesterday’s earnings, including Raymond James and UBS.  TD in Canada raised the stock to its "Action Buy List" from just a normal BUY rating.

Top Analyst Upgrades & Downgrades (BKD, SNH, AMZN, AAUK, CENX, EBAY, PRGS)

Jon C. Ogg
December 19, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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