Analyst Action: New Stock Ratings
A sampling of new stock ratings issued Friday by Wall Street analysts:
* American International Group (AIG; $94.19, up $3.13) was downgraded to “sell” from “hold” by UST Securities.
* Callaway Golf (ELY; $12.69, up 44 cents) was raised to “strong buy” from “outperform” by Ferris Baker Watts, with a target price of $20.
* Fox Entertainment (FOX; $22.13, unchanged) was rated “buy” in new coverage by Buckingham Research, with a target of $30.
* Pacific Sunwear of California (PSUN; $30.44, down 13 cents) was rated “strong buy” in new coverage by U.S. Bancorp Piper Jaffray, with a target of $40.
* Vitesse Semiconductor (VTSS; $82.38, down $3.88) was downgraded to “outperform” from “buy” by Salomon Smith Barney.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
