Notable Analyst Rating Changes: RIMM, DAN, TTWO, HEP, STT Upgrades; NTAP, POT, BCR, CAL Downgraded

UPGRADES:

Deutsche Bank upgrades Research In Motion (NASDAQ: RIMM) to Hold. Price target increased from $60 to $75. Click Here for more color.

J.P. Morgan is upgrading Dana Holding (NYSE: DAN) to Overweight from Neutral while raising their price target to $16 (prev. $7). Click Here for more color.

Kaufman Bros. upgrades Take-Two Interactive (NASDAQ: TTWO) from Sell to Hold. Price target increased from $7 to $8. Click Here for more color. Sterne Agee also upgraded Take-Two Interactive (NASDAQ: TTWO) from Neutral to Buy.

Bank of America upgrades several in the energy sector from Neutral to Buy:

• Holly Energy (NYSE HEP) price target raised to $43;
  
  Keefe, Bruyette & Woods upgrades State Street (NYSE: STT) from Market Perform to Outperform, and a price target of $51.
  
  For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
  
  DOWNGRADES:
  Goldman Sachs downgrades NetApp (NASDAQ: NTAP) to Neutral, and maintained a price target of $35.
  
  Shares of Potash (NYSE: POT) are indicated lower this morning as an analyst at Soleil downgraded the stock from Hold to Sell, citing valuation. The firm maintained its $85 price target.
  
  William Blair and Piper Jaffray both downgrade C. R. Bard (NYSE: BCR); Blair from Outperform to Market Perform and Jaffray from Neutral to underweight. Click Here for more color from Piper Jaffray.
  
  Stifel Nicolaus downgrades Continental Airlines (NYSE: CAL) from Buy to Hold.
  
  For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
  
  NEW COVERAGE:
  Goldman Sachs initiates coverage on AOL (NYSE: AOL) with a Neutral rating and $27 price target. Click Here for more color.
  
  Standpoint Research initiates coverage on Research in Motion (NASDAQ: RIMM) with a Hold rating. Click Here for more color.
  
  BofA Merrill Lynch has resumes coverage on E*TRADE Financial (NASDAQ: ETFC) with a Buy rating.
  
  Pali Research initiates coverage on The Gap, Inc. (NYSE: GPS) with a Hold. Click Here for more color.
  
  SunTrust initiates coverage on Oshkosh (NYSE: OSK) with a Buy rating. Price target $50.
  
  Lazard initiated coverage on two payroll outsourcers:
  • Paychex (NASDAQ: PAYX) with a Hold rating; and
    
    
  • Automatic Data Processing (NYSE: ADP) with a Hold rating.
  Jesup & Lamont starts two major retailers at Buy:
  • Nordstrom (NYSE: JWN); and
    
    
  • Saks (NYSE: SKS).
  FBR Capital initiates coverage on Best Buy (NYSE: BBY) with a Market Perform rating. Price target $36.
  
  For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Piper Jaffray, Stifel Nicolaus, Keefe, Bruyette & Woods, Deutsche Bank, William Blair, JPMorgan, Kaufman Bros., Merrill Lynch, Soleil Securities, Bank of America, Lazard, Pali Research, Jesup & Lamont, Sterne Agee, Notable Analyst Rating Changes

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