Notable Analyst Rating Changes 7/21: IP, PKG, EPB, LVS, PETS Upgraded; HEP, NOK, TK, CTXS Downgraded

July 21, 2009 10:09 AM EDT

UPGRADES:
Deutsche Bank upgrades Int'l Paper (NYSE: IP) and Packaging Co of America (NYSE: PKG) from Hold to Buy. Price target $24 for both companies. Click here for more color.

Goldman Sachs upgrades El Paso Pipeline Partners, L.P. (NYSE: EPB) to its Conviction Buy List, with a $22 price target. The firm said recent weakness is unjustified.

BMO Capital upgrades casino operator Las Vegas Sands (NYSE: LVS) from Market Perform to Outperform.

Piper Jaffray & Co. upgrades PetMed Express (Nasdaq: PETS) from Neutral to Overweight. Price target increased from $19 to $22. Click here for the full report.

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

DOWNGRADES:
Goldman downgraded Holly Energy Partners L.P (NYSE: HEP) to Neutral and removed the stock from its Conviction Buy List, citing valuation.

Jefferies & Co downgrades Nokia (NYSE: NOK) from Buy to Hold.

J.P. Morgan downgrades Teekay (NYSE: TK) from Neutral to Underweight.

Bank of America downgrades Citrix Systems (Nasdaq: CTXS) from Neutral to Underperform. Price target increased from $29 to $33.

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

NEW COVERAGE:
Soleil Securities initiates coverage on Ciena Corp. (Nasdaq: CIEN) with a Buy. Price target $14.50. Click here for more color on the coverage.

Credit Suisse initiates coverage on U.S. Bancorp (NYSE: USB) with an Outperform. Price target $21.

Davenport initiates coverage on Haynes International (NASDAQ: HAYN) with a Neutral. Price target $27. Click here to see the full report.

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


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Stocks Mentioned

CIEN 12.17

+0.02 +0.16%
Volume: 805,203
Track CIEN

CTXS 37.93

+0.05 +0.13%
Volume: 514,443
Track CTXS

EPB 23.33

-0.05 -0.21%
Volume: 51,773
Track EPB

HAYN 25.71

-0.01 -0.04%
Volume: 35,126
Track HAYN

HEP 36.60

-0.11 -0.30%
Volume: 9,464
Track HEP

IP 25.10

+0.25 +1.01%
Volume: 795,529
Track IP

LVS 15.51

-0.28 -1.77%
Volume: 11,302,818
Track LVS

NOK 13.19

-0.02 -0.15%
Volume: 4,931,806
Track NOK

PETS 16.26

-0.27 -1.63%
Volume: 59,195
Track PETS

PKG 19.75

+0.08 +0.41%
Volume: 104,510
Track PKG

TK 24.38

+0.04 +0.16%
Volume: 142,024
Track TK

USB 23.80

+0.85 +3.70%
Volume: 3,594,242
Track USB


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