Notable Analyst Rating Changes 01/11: (MTH) (NOK) (F) Upgraded; (ZQK) (GIS) (JCP) Downgraded

January 11, 2013 10:51 AM EST Send to a Friend
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UPGRADES
JPMorgan upgrades Meritage Homes (NYSE: MTH) from Neutral to Overweight, moving its price target from $38.50 up to $49.

Societe Generale raises Nokia (NYSE: NOK) two notches from Sell to Buy, raising its price target 178 percent from €1.80 up to €5. Click Here for more color.

Goldman Sachs adds Ford (NYSE: F) to its Conviction Buy List, boosting its target by $2 to $17. Click Here for more color.

Bernstein boosts Dendreon (Nasdaq: DNDN) from Market Perform to Outperform, adjusting its price target 43 percent higher to $10.

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

DOWNGRADES
Piper Jaffray downgrades Quiksilver (NYSE: ZQK) from Overweight to Neutral with a price target of $4.

Goldman Sachs cuts General Mills (NYSE: GIS) from Neutral to Sell, trimming its price target by $2 to $40. Click Here for more color.

UBS drops J. C. Penney (NYSE: JCP) from Neutral to Sell.

BMO Capital lowers Research In Motion Ltd. (NASDAQ: RIMM) from Market Perform to Underperform with a price target of $9.

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

NEW COVERAGE
Citigroup starts SodaStream (Nasdaq: SODA) at Buy and price target of $60. Click Here for more color.

Barclays begins Abbott Labs (NYSE: ABT) at Equalweight and $35 price target.

BofA/Merrill Lynch assumes Owens Corning (NYSE: OC) with a Buy rating and price target of $48.

B. Riley initiates Fortinet (Nasdaq: FTNT) with a Neutral with a price target of $24.

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

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Goldman Sachs Conviction Buy List, Piper Jaffray, UBS, JPMorgan, Citi, Merrill Lynch, Bank of America, BMO Capital, B. Riley, Barclays, Notable Analyst Rating Changes

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