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 35.25

-0.92 -2.54%
Volume: 570,890
Track ADBE

AIB 5.03

-0.17 -3.27%
Volume: 754,075
Track AIB

ALU 3.41

-0.05 -1.45%
Volume: 3,812,274
Track ALU

ANN 14.64

-0.19 -1.28%
Volume: 417,070
Track ANN

CPST 1.25

-0.07 -5.30%
Volume: 816,840
Track CPST

CRAI 24.25

-0.38 -1.54%
Volume: 4,639
Track CRAI

FRPT 5.06

-0.16 -3.07%
Volume: 79,106
Track FRPT

NLY 18.03

-0.05 -0.28%
Volume: 770,419
Track NLY

PIKE 9.08

-0.19 -2.05%
Volume: 11,239
Track PIKE

RAX 17.96

-0.32 -1.75%
Volume: 131,912
Track RAX

TLCR 19.55

-0.49 -2.45%
Volume: 7,660
Track TLCR

TRW 22.18

-0.50 -2.20%
Volume: 208,059
Track TRW


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