Thursday, January 5, 2012

Yahoo (YHOO) (MMM) (PSUN) (NSC) (UPS) (ERIC) (SAM) Ratings, Price Targets

Yahoo (NASDAQ:YHOO), 3M Co (NYSE:MMM), Pacific Sunwear of California (NASDAQ:PSUN), Norfolk Southern (NYSE:NSC), United Parcel Service (NYSE:UPS), Ericsson (NASDAQ:ERIC) and Boston Beer (NYSE:SAM) ratings and price targets.

Morgan Stanley initiated coverage on 3M Co (MMM). They have an "Equal Weight" rating on the firm.

Pacific Sunwear of California (PSUN) was upgraded by Janney Montgomery Scott from a "Neutral" rating to a "Buy" rating. They have a price target of $4.00 on the firm.

Norfolk Southern (NSC) was upgraded by UBS (NYSE:UBS) from a "Neutral" rating to a "Buy" rating.

Yahoo (YHOO) was downgraded by Jefferies Group (NYSE:JEF) from a "Buy" rating to a "Hold" rating.

United Parcel Service (UPS) was downgraded from "Overweight" to "Neutral" by Securities. They lowered their price target from $80.00 to $75.00.

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

Boston Beer (SAM) was downgraded by Goldman Sachs (NYSE:GS) from a "Neutral" rating to a "Sell" rating.

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