Notable Analyst Rating Changes 8/3: MMM, WEN, GPS, BIDU, JCP, OW...

Courtesy StreetInsider.com News Articles  Mon, 08/03/2009 - 08:21

UPGRADES: Goldman Sachs upgraded 3M Co.

(NYSE: MMM) from Neutral to Buy and raised its price target from $78 to $85, saying a higher valuation is justified because of the attractive early/short-cycle exposure, possible upward revisions to EPS, best balance sheet in coverage group, and the potential for better organic growth this cycle.

UBS upgrades Wendy's (NYSE: WEN) from Neutral to Buy with a $5.50 price target. Barclays upgrades The Gap (NYSE: GPS) from Equalweight to Overweight.

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