Notable Analyst Rating Changes 01/26: AKS, VZ, STX, SWFT Upgraded; JASO, CIEN, TLAB, RF Downgraded

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AKS Hot Sheet

Overall Analyst Rating:
NEUTRAL ( Down

Down)

Dividend Yield: 2.8%
Revenue Growth %: -4.4%

UPGRADES
J.P. Morgan upgrades AK Steel (NYSE: AKS) from Neutral to Overweight, with a price target boosted 22% from $18 to $22. Click Here for more color.

Goldman Sachs added Verizon Communications (NYSE: VZ) to its Conviction Buy List, and sees 17% upside to their $42 price target. Click Here for more color.

BofA/Merrill Lynch upgraded Seagate Technology (Nasdaq: STX) from Underperform to Buy.

Morgan Keegan upgraded Swift Transportation (NYSE: SWFT) to Outperform, with an $18 price target.

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

DOWNGRADES
Collins Stewart downgrades JA Solar Holdings (Nasdaq: JASO) from Buy to Neutral, cutting its price target from $8.40 to $7.

BofA/Merrill Lynch downgraded CIENA (Nasdaq: CIEN) from Buy to Neutral.

Tellabs (Nasdaq: TLAB) lowered by two today:

BofA/Merrill Lynch from Neutral to Underperform; and
Jefferies from Buy to Hold, with a price target cut from $8.75 t $6.25.

Bernstein downgrades Regions Financial (NYSE: RF) from Outperform to Market Perform, with a price target dropped from $8.50 to $8.00.

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

NEW COVERAGE
Swift Transportation (NYSE: SWFT) started by a barrel of firms today:

BofA/Merrill Lynch with a Buy and $19 price target;
Citi with a Buy and $19 price target;
Morgan Stanley at Equalweight;
RBC Capital with an Outperform and $19 price target;
Stifel Nicolaus at Buy and a price target of $18;
Baird with an Outperform rating and $18 price target; and
UBS at Buy and a price target of $18.

QRE Energy (NYSE: QRE) initiated by a kine of firms today:

J.P. Morgan at Neutral with a $21 price target;
RBC Capital at Outperform, with a $24 price target;
Stifel Nicolaus with a Buy rating and $24 price target; and
Raymond James at Outperform with a $24 price target.

J.P. Morgan assumes coverage on ExxonMobil (NYSE: XOM) with a Neutral rating and $78 price target.

RBC Capital initiates coverage on Scotts Miracle-Gro (NYSE: SMG) with a Outperform, and price target of $60.

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

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