Business

Ratings changed on Cat, Exelon, Tenneco

Posted December 12, 2010 10:00 pm

Bloomberg News

Analysts changed their ratings or began coverage today on the following Chicago-area stocks. The stock symbols are listed in parentheses after the companies' names.

-- Caterpillar Inc (CAT US) was raised to "Overweight" from "Neutral" at Atlantic Equities by equity analyst Richard Radbourne. The 12-month target price is $115.00 per share. Locally, Cat has operations in Aurora.

-- Exelon Corp (EXC US) was raised to "Buy" from "Hold" at Jefferies by equity analyst Paul Fremont. The 12-month target price is $44.00 per share. Exelon is based in Chicago and has operations in Warrenville.

-- Google Inc (GOOG US) was raised to "Outperform" from "Neutral" at Wedbush by equity analyst Lou Kerner. The 12-month target price is $750.00 per share. Locally, Google has operations in Chicago/

-- Research In Motion Ltd (RIMM US) was downgraded to "Neutral" from "Outperform" at Exane BNP Paribas by equity analyst Alexander Peterc. The target price is $60.00 per share. Locally, RIM has operations in Rolling Meadows.

-- Tenneco Inc (TEN US) was downgraded to "Market Perform" from "Outperform" at Wells Fargo by equity analyst Richard Kwas. Tenneco is based in Lake Forest.

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