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 36.17

+0.22 +0.61%
Volume: 2,504,424
Track ADBE

AIB 5.20

+0.07 +1.36%
Volume: 978,702
Track AIB

ALU 3.46

+0.09 +2.67%
Volume: 12,833,893
Track ALU

ANN 14.83

+0.63 +4.44%
Volume: 2,405,617
Track ANN

CPST 1.32

+0.07 +5.60%
Volume: 4,617,735
Track CPST

CRAI 24.63

+0.18 +0.74%
Volume: 47,488
Track CRAI

FRPT 5.22

-0.15 -2.79%
Volume: 683,186
Track FRPT

NLY 18.08

-0.08 -0.44%
Volume: 3,667,928
Track NLY

PIKE 9.27

+0.04 +0.43%
Volume: 162,369
Track PIKE

RAX 18.28

-0.05 -0.27%
Volume: 678,351
Track RAX

TLCR 20.04

-0.14 -0.69%
Volume: 127,305
Track TLCR

TRW 22.68

+0.21 +0.93%
Volume: 960,836
Track TRW


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