Notable Analyst Rating Changes: ARO, CSX, PFWD, SIRI Upgraded; BRCD, BNI Downgraded

November 12, 2009 10:59 AM EST

UPGRADES:
Goldman Sachs upgrades Aeropostale (NYSE: ARO) from Sell to Neutral but lowers their 6-month price target to $34 from $41. Click Here for more color.

Barclays upgrades CSX Corp. (NYSE: CSX) from Underweight to Equalweight and also raises its price target from $46 to $52.

UBS upgrades Phase Forward (NASDAQ: PFWD) to Buy and raised their price target from $14 to $20.

Late yesterday, S&P has revised its outlook on Sirius XM (NASDAQ: SIRI) from Stable to Positive.

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

DOWNGRADES:
ThinkEquity, Piper Jaffray, and Lazard all downgraded Brocade Communications (NASDAQ: BRCD) to Hold, Neutral, and Hold, respectively. Piper set a price target of $9, down from $10 previously. For more from Piper, Click Here.

Barclays downgrades Burlington Northern Sante Fe (NYSE: BNI) from Equalweight to Underweight. Price target increased from $90 to $100.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on The Buckle, Inc. (NYSE: BKE) with a Sell rating and $27 downside price target.

Morgan Stanley initiates coverage on Merck (NYSE: MRK) with an Equalweight rating. Price target $34.

Wedbush initiates coverage on Abbott Laboratories (NYSE: ABT) with an Outperform rating. Price target $62. Click Here for more color.

Jesup & Lamont initiates coverage on Tiffany & Co. (NYSE: TIF) with a Hold. For more color, Click Here.

Dougherty & Co initiates coverage on FLIR Systems (NASDAQ: FLIR) with a Buy rating. Price target $35.

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


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Stocks Mentioned

ABT 48.98

-0.24 -0.49%
Volume: 8,846,423
Track ABT

ARO 28.34

-0.55 -1.90%
Volume: 3,329,297
Track ARO

BKE 27.44

-0.33 -1.19%
Volume: 523,021
Track BKE

BNI 100.21

+0.00 +0.00%
Volume: 17,158
Track BNI

BRCD 4.96

-0.05 -1.00%
Volume: 14,341,898
Track BRCD

CSX 52.50

-0.21 -0.40%
Volume: 2,936,634
Track CSX

FLIR 29.64

-0.32 -1.07%
Volume: 1,201,209
Track FLIR

MRK 35.06

+0.32 +0.92%
Volume: 14,582,326
Track MRK

PFWD 16.80

-0.04 -0.24%
Volume: 1,115,367
Track PFWD

SIRI 0.99

-0.01 -1.00%
Volume: 40,745,201
Track SIRI

TIF 41.51

-0.22 -0.53%
Volume: 2,512,134
Track TIF


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