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Notable Analyst Rating Changes 02/07: (HBI) (DBD) (AMD) Upgraded; (SOHU) (AUY) (ACHN) Downgraded

February 7, 2012 10:58 AM EST
UPGRADES
BB&T Capital upgrades Hanesbrands (NYSE: HBI) from Hold to Buy with a new price target of $34.

JPMorgan boosts Diebold (NYSE: DBD) from Underweight to Neutral, its price target raised from $29 to $34.50.

Longbow Research raises AMD (NYSE: AMD) from Neutral to Buy.

Morgan Stanley boosts Fabrinet (NYSE: FN) from Underweight to Overweight.

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

DOWNGRADES
Sohu.com (Nasdaq: SOHU) lowered by two firms Tuesday
  • Susquehanna from Positive to Neutral, its price target lowered from $72 to $56; and

  • RBS from Buy to Hold, chopping its price target from $104 to $55.
BofA/Merrill Lynch reduces Achillion Pharmaceuticals (Nasdaq: ACHN) from Buy to Underperform.

Dahlman Rose cuts Yamana Gold (NYSE: AUY) from Buy to Hold. Click Here for more color.

Citi downgrades Walgreen (NYSE: WAG) from Neutral to Sell, price target lowered from $35 to $28.

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

NEW COVERAGE
Sterne Agee assumes IBM (NYSE: IBM) with a Buy, and $230 price target.

Barclays starts Sirius XM Radio (Nasdaq: SIRI) with a Underweight rating and downside $2 price target.

Morgan Stanley resumes CIGNA (NYSE: CI) at Equalweight, and a $57 price target.

Ascendiant Capital initiates LeapFrog (NYSE: LF) with a Strong Buy, and price target of $8.

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

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JPMorgan, Citi, Morgan Stanley, Sterne Agee, Barclays, Longbow Research, BB&T Capital Markets, Susquehanna International Group of Companies, Notable Analyst Rating Changes