Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Merrill believes Assurant (NYSE: AIZ ) is well-positioned to weather the turmoil in the capital markets environment and cites the company's defensive characteristics for the upgrade. The firm upgraded shares to Buy from Neutral. Deutsche Bank upgraded R.H. Donnelly (NYSE: RHD ) to Hold from Sell to reflect the company's cost cuts and its ability to buy back bonds at discounted prices. Citigroup raised Consol Energy (NYSE: CNX ) to Buy from Hold on valuation as they are seeing no fundamental deterioration in coal. Research in Motion (NASDAQ: RIMM ) was upgraded to Neutral from Underperform at Credit Suisse. Raymond James raised shares to Outperform from Market Perform. Penske Automotive (NYSE: PAG ) was upgraded to Add from Neutral at Calyon. ICF International (NASDAQ: ICFI ) was lifted to Overweight from Equal Weight at Stephens. Analyst downgrades: Deutsche Bank downgraded Research in Motion (NASDAQ: RIMM ) to Sell from Hold after the company reported Q2 results to reflect a deceleration in growth and margin pressures. RIMM's target was lowered to $70 from $120. RBC Capital downgraded Research in Motion to Sector Perform from Outperform citing reduced margin visibility and the slowing macroeconomic environment. Stephens downgraded Vitran (NASDAQ: VTNC ) and Saia (NASDAQ: SAIA ) to Equal Weight from Overweight to reflect the comp ...
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Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Merrill believes Assurant (NYSE: AIZ ) is well-positioned to weather the turmoil in the capital markets environment and cites the company's defensive characteristics for the upgrade. The firm upgraded shares to Buy from Neutral. Deutsche Bank upgraded R.H. Donnelly (NYSE: RHD ) to Hold from Sell to reflect the company's cost cuts and its ability to buy back bonds at discounted prices. Citigroup raised Consol Energy (NYSE: CNX ) to Buy from Hold on valuation as they are seeing no fundamental deterioration in coal. Research in Motion (NASDAQ: RIMM ) was upgraded to Neutral from Underperform at Credit Suisse. Raymond James raised shares to Outperform from Market Perform. Penske Automotive (NYSE: PAG ) was upgraded to Add from Neutral at Calyon. ICF International (NASDAQ: ICFI ) was lifted to Overweight from Equal Weight at Stephens. Analyst downgrades: Deutsche Bank downgraded Research in Motion (NASDAQ: RIMM ) to Sell from Hold after the company reported Q2 results to reflect a deceleration in growth and margin pressures. RIMM's target was lowered to $70 from $120. RBC Capital downgraded Research in Motion to Sector Perform from Outperform citing reduced margin visibility and the slowing macroeconomic environment. Stephens downgraded Vitran (NASDAQ: VTNC ) and Saia (NASDAQ: SAIA ) to Equal Weight from Overweight to reflect the comp ...