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Notable Analyst Rating Changes 01/11: (ALU) (GM) (DTV) Upgraded; (URBN) (PEP) (MA) Downgraded

January 11, 2012 11:24 AM EST
UPGRADES
Deutsche Bank lifts Alcatel-Lucent (NYSE: ALU) from Hold to Buy, keeping its price target of €2. Click Here for more color.

Piper Jaffray raises General Motors (NYSE: GM) from Neutral to Overweight, its price target boosted from $24.50 to $31.

Bernstein upgrades DIRECTV (Nasdaq: DTV) from Market Perform to Outperform.

Macquarie bumps Virgin Media (Nasdaq: VMED) up from Neutral to Outperform.

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

DOWNGRADES
Urban Outfitters, Inc. (Nasdaq: URBN) lowered by two today:
  • Baird from Outperform to Neutral, its price target cut from $34 to $28; and

  • Citi by two notches from Buy to Sell, and removed from its Top Picks Live list.
UBS reduces Pepsico (NYSE: PEP) from Buy to Neutral.

Goldman Sachs lowers MasterCard (NYSE: MA) from Buy to Neutral and lowers their price target from $400 to $380 citing valuation. Click Here for more color.

Baird downgrades Southwestern Energy (NYSE: SWN) from Outperform to Neutral, price target lowered from $45 to $39.

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

NEW COVERAGE
Atlantic Equities initiates Tibco Software, Inc. (Nasdaq: TIBX) with an Overweight, with a price target of $29.

William Blair starts Acme Packet (Nasdaq: APKT) with a Market Perform.

Cowen assumes Akamai Technologies (Nasdaq: AKAM) at Outperform.

Baird begins Huntington Bancshares (Nasdaq: HBAN) with a Neutral, and price target of $6.

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

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Piper Jaffray, Deutsche Bank, UBS, William Blair, Citi, Robert W Baird, Notable Analyst Rating Changes, Cowen & Co