Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded

November 10, 2009 10:54 AM EST

UPGRADES:
Janney Montgomery Scott upgrades Adobe Systems (NASDAQ: ADBE) from Neutral to Buy. Fair value increased from $33 to $43. Click Here for more color.

Stephens & Co upgrades Ann Taylor (NYSE: ANN) from Equalweight to Overweight. Price target increased from $12 to $17.

FBR Capital upgrades Force Protection, Inc. (NASDAQ: FRPT) from Underperform to Market Perform with a $6 price target.

Kaufman Bros. upgrades Rackspace Hosting (NYSE: RAX) to Buy. Price target increased from $16 to $22.50.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Exane BNP Paribas downgrades Alcatel Lucent (NYSE: ALU) from Outperform to Neutral. Price target €3.

Northland Securities downgrades Capstone Turbine (Nasdaq: CPST) from Outperform to Market Perform. price target $1.35.

BB&T Capital downgrades Pike Electric (NASDAQ: PIKE) from Buy to Hold. FBR Capital also downgrades PIKE from Outperform to Market Perform.

Keefe Bruyette & Woods downgrades Allied Irish Banks (NYSE: AIB) from Market Perform to Underperform.

Deutsche Bank downgrades TRW Automotive (NYSE: TRW) to Hold on Valuation.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Jefferies & Co initiates coverage on Annaly Capital Management (NYSE: NLY) with a Buy.

J.P. Morgan, Goldman Sachs, Morgan Stanley, and Citi initiated coverage on Talecris Biotherapeutics (NASDAQ: TLCR) with an Overweight, Neutral, Overweight, and Buy, respectively. Goldman, Morgan Stanley, and Citi also set price targets of $24, $24, and $28, respectively.

Janney Montgomery Scott initiates coverage on CRA International (Nasdaq: CRAI) with a Neutral. Price target $24. Click Here for more color.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ADBE 34.91

-0.47 -1.33%
Volume: 3,220,581
Track ADBE

AIB 4.69

-0.21 -4.29%
Volume: 1,818,600
Track AIB

ALU 3.28

-0.08 -2.38%
Volume: 10,798,778
Track ALU

ANN 13.65

-0.59 -4.14%
Volume: 1,956,170
Track ANN

CPST 1.33

+0.01 +0.76%
Volume: 3,851,374
Track CPST

CRAI 24.60

+0.35 +1.44%
Volume: 31,719
Track CRAI

FRPT 5.05

-0.04 -0.79%
Volume: 390,938
Track FRPT

NLY 18.24

+0.31 +1.73%
Volume: 3,816,847
Track NLY

PIKE 9.11

+0.06 +0.66%
Volume: 219,060
Track PIKE

RAX 18.44

+0.21 +1.15%
Volume: 640,563
Track RAX

TLCR 18.72

-0.57 -2.95%
Volume: 298,528
Track TLCR

TRW 21.86

-0.22 -1.00%
Volume: 724,916
Track TRW


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