Notable Analyst Rating Changes 02/08: (ATVI) (UDR) (GES) Upgraded; (NUAN) (SKUL) (CYS) Downgraded

February 8, 2013 11:03 AM EST Send to a Friend
UPGRADES
Activision Blizzard (Nasdaq: ATVI) raised by two firms Friday:
  • Macquarie from Neutral to Outperform; and

  • Sterne Agee from Neutral to Buy with a price target of $17.

UBS upgrades UDR, Inc. (NYSE: UDR) from Neutral to Buy.

Wedbush lifts Guess (NYSE: GES) from Neutral to Outperform, moving its price target from $24 up to $34. Click Here for more color.

Morgan Stanley boosts Alcatel-Lucent (NYSE: ALU) from Underweight to Overweight.

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

DOWNGRADES
Nuance Communications (Nasdaq: NUAN) lowered by three Friday:
  • Craig-Hallum from Buy to Hold, easing its price target from $28 to $24;

  • Stifel Nicolaus from Buy to Hold;

  • Needham and Company from Buy to Hold. Click Here for more color.

Skullcandy (Nasdaq: SKUL) cut by two today:
  • Roth Capital from Buy to Neutral, moving its price target from $12 down to $7;

  • KeyBanc from Buy to Hold. Click Here for more color.

CRT Capital cuts Alpha Natural Resources (NYSE: ANR) from Buy to Fairly Valued, dropping its price target $1 to $8.

CYS Investments (NYSE: CYS) downgraded by three today:
  • Stifel Nicolaus from Buy to Hold;

  • Compass Point from Buy to Neutral, trimming its price target from $14.25 to $13.50. Click Here for more color; and

  • Lazard Capital from Buy to Neutral.

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

NEW COVERAGE
HSBC assumes McDermott (NYSE: MDR) at Neutral and $14 price target.

JMP Securities starts Celgene (Nasdaq: CELG) with a Market Outperform and $130 price target.

Jefferies initiates VeriFone (NYSE: PAY) with a Hold and price target of $36. Click Here for more color.

Topeka Capital begins AAR Corporation (NYSE: AIR) with a Hold with a $17 price target.

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Stifel Nicolaus, UBS, KeyBanc, Morgan Stanley, Jefferies & Co, Needham & Company, Lazard, Roth Capital, Sterne Agee, JMP Securities, HSBC, Notable Analyst Rating Changes

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