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 35.95

-0.49 -1.34%
Volume: 3,790,770
Track ADBE

AIB 5.13

-0.12 -2.29%
Volume: 1,070,612
Track AIB

ALU 3.37

-0.16 -4.53%
Volume: 28,835,372
Track ALU

ANN 14.20

-0.23 -1.59%
Volume: 2,756,314
Track ANN

CPST 1.25

-0.05 -3.85%
Volume: 3,103,056
Track CPST

CRAI 24.45

-0.20 -0.81%
Volume: 29,972
Track CRAI

FRPT 5.37

+0.02 +0.37%
Volume: 607,663
Track FRPT

NLY 18.16

+0.09 +0.50%
Volume: 6,026,911
Track NLY

PIKE 9.23

-0.01 -0.11%
Volume: 245,331
Track PIKE

RAX 18.33

-0.43 -2.29%
Volume: 558,454
Track RAX

TLCR 20.18

+0.90 +4.67%
Volume: 575,761
Track TLCR

TRW 22.47

-0.26 -1.14%
Volume: 1,392,337
Track TRW


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