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Analysts Upgrades & Downgrades: SI, UN, ACN, SCVL, NKE, AEO, CDCS, AN

 March 18, 2011 03:10 PM

Several stocks were either upgraded or downgraded by analysts and rating agencies. Some notable upgrades and downgrades are discussed here.


Siemens AG (NYSE: SI) is upgraded to Buy from Hold by Deutsche Bank. SI gained 2.86 percent or $3.60 to $129.26.

Unilever NV (NYSE: UN) is upgraded to Buy from Hold at ING Group. UN was up 2 percent or $0.59 to $30.06 after the news.

Accenture PLC (NYSE: ACN) added 2.14 percent or $1.08 to $50.09 after being upgraded to Buy from Hold with a price target of $59 at Stifel Nicolaus.

[Related -Lululemon Athletica inc. (LULU): Near-Term Risks Could Further Derail Investor Confidence]

Soleil Securities has upgraded Shoe Carnival Inc (Nasdaq: SCVL) to Buy from Hold. SCVL gained 5.96 percent or $1.54 to $27.40.


Nike Inc (NYSE: NKE) lost 9.45 percent or $8.07 to $77.34 as it is downgraded to Neutral from Buy at Goldman Sachs.

American Eagle Outfitters Inc (NYSE: AEO) is downgraded to Neutral from Positive at Susquehanna. AEO was down 1.72 percent or $0.26 to $14.88.

[Related -Nike Inc. (NYSE:NKE) Q2 Earnings Preview: Just Doing It, Again]

Macquaries downgraded CDC Software Corporation (Nasdaq: CDCS) to Neutral from Outperform. CDCS lost 3.21 percent or $0.18 to $5.42. AutoNation Inc (NYSE: AN) fell 0.57 percent or $0.19 to $32.98 after being downgraded to Neutral from Outperform at Credit Suisse.

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