Friday, September 2, 2011

UPS (UPS) (EV) (FDX) (EDMC) (ODFL) Get Upgrades, Downgrades

UPS (NYSE:UPS), Education Management (NASDAQ:EDMC), Eaton Vance (NYSE:EV), FedEx (NYSE:FDX) and Old Dominion Freight (NASDAQ:ODFL) received uprades or downgrades from analysts.

Education Management (EDMC) was upgraded by Morgan Stanley (NYSE:MS) from an "Underweight" rating to an "Equal-weight" rating. They cited valuation as the catalyst behind the call. They have a price target of $16 on the company

Eaton Vance (EV) was downgraded by Ticonderoga from a "Neutral" rating to a "Sell" rating. They have a price target of $20 on the company.

FedEx (FDX) was downgraded by Credit Suisse (NYSE:CS) from an "Outperform" rating to a "Neutral" rating.

Old Dominion Freight (ODFL) upgraded by Credit Suisse to an "Outperform" rating. They cited valuation as the catalyst behind the call.

UPS (UPS) upgraded by Credit Suisse from a "Neutral" rating to an "Outperform" rating.

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