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


Related Categories

Special Reports

Stocks Mentioned

ADBE 36.27

+0.32 +0.89%
Volume: 890,824
Track ADBE

AIB 5.22

+0.09 +1.75%
Volume: 551,776
Track AIB

ALU 3.47

+0.10 +2.97%
Volume: 6,274,385
Track ALU

ANN 14.70

+0.50 +3.52%
Volume: 1,021,487
Track ANN

CPST 1.30

+0.05 +4.00%
Volume: 3,160,260
Track CPST

CRAI 24.61

+0.16 +0.65%
Volume: 20,594
Track CRAI

FRPT 5.25

-0.12 -2.23%
Volume: 307,951
Track FRPT

NLY 18.13

-0.03 -0.17%
Volume: 1,590,883
Track NLY

PIKE 9.23

+0.00 +0.00%
Volume: 56,559
Track PIKE

RAX 18.44

+0.11 +0.60%
Volume: 280,080
Track RAX

TLCR 19.94

-0.24 -1.19%
Volume: 59,965
Track TLCR

TRW 22.73

+0.26 +1.16%
Volume: 351,651
Track TRW


Related Entities


Add Your Comment