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Notable Analyst Rating Changes 02/04: (BBRY) (BRO) (WU) Upgraded; (BUD) (WMT) (VOD) Downgraded

February 4, 2013 10:34 AM EST Send to a Friend
UPGRADES
Bernstein upgrades BlackBerry (Nasdaq: BBRY) from Market Perform to Outperform with a price target of $22. Click Here for more color.

Raymond James boosts Brown & Brown (NYSE: BRO) from Market Perform to Outperform with a price target of $33.

Deutsche Bank raises Western Union Co. (NYSE: WU) from Hold to Buy, adjusting its price target from $14 to $19. Click Here for more color.

Perrigo Co. (Nasdaq: PRGO) upgraded by two today:
  • Morgan Stanley from Equalweight to Overweight; and

  • Canaccord Genuity from Hold to Buy, moving its price target up $3 to $128.

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

DOWNGRADES
BofA/Merrill Lynch downgrades AB InBev (NYSE: BUD) from Buy to Neutral.

JPMorgan lowers Wal-Mart (NYSE: WMT) from Overweight to Neutral, easing its price target from $84 down to $75.

Citi trims Vodafone (Nasdaq: VOD) from Buy to Neutral with a 180 pence price target.

Merck (NYSE: MRK) cut by two today:
  • Morgan Stanley from Equalweight to Underweight; and

  • Leerink Swann from Outperform to Market Perform. Click Here for more color.

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

    NEW COVERAGE
    Ascendiant Capital initiates Dover Corp. (NYSE: DOV) at Buy and $78 price target.

    UBS assumes Fusion-io (NYSE: FIO) with a Neutral and $18.50 target.

    Needham & Company starts Procera Networks (Nasdaq: PKT) with a Buy and $25 price target. Click Here for more color.

    Credit Suisse begins Southwestern Energy (NYSE: SWN) with a Underperform.

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

    Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.




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Credit Suisse, Deutsche Bank, UBS, JPMorgan, Citi, Raymond James, Morgan Stanley, Merrill Lynch, Needham & Company, Bank of America, Notable Analyst Rating Changes, Canaccord Genuity

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