US broker round-up

Date: Thursday 12 Jul 2012

BURGER KING: Piper Jaffray initiates coverage at overweight, price target of $19.

CHEVRON: JP Morgan upgrades to neutral from underweight, price target of $120.

CSX: Goldman Sachs reiterates coverage at buy, price target of $25.

FEDEX CORP: Goldman Sachs reiterates coverage at buy, price target of $102.

MERCK: Citi upgrades to buy from neutral, price target of $50 (vs. $34).

NORFOLK SOUTHERN: Goldman Sachs reiterates coverage at buy, price target of $83.

TESORO: Howard Weil upgrades to overweight from hold.

TYSON FOODS: Banc of America Sec downgrades to underweight from buy.

UNION PACIFIC: Goldman Sachs reiterates coverage at neutral, price target of $124.

UNITED PARCEL SERVICE: Goldman Sachs initiates coverage at neutral, price target of $77.

WALT DISNEY: Wells Fargo upgrades to overweight from hold.

CS

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