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Notable Analyst Rating Changes 02/09: UBS, BIDU, NYX, AN Upgraded; KEY, CMS, ILMN, JOE Downgraded

February 9, 2011 10:54 AM EST
UBS Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)
UPGRADES
Canaccord Genuity upgraded UBS AG (NYSE: UBS) from Sell to Hold, increasing their price target from $15.45 to $18.40.

HSBC upgrades Baidu (Nasdaq: BIDU) from Neutral to Overweight, boosting their price target from $116 to $158.

BMO Capital upgrades NYSE Euronext (NYSE: NYX) from Market Perform to Outperform, with a price target increased from $32 to $40.

Buckingham Research upgraded AutoNation Inc. (NYSE: AN) from Underperform to Neutral.

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

DOWNGRADES
RBC Capital downgraded KeyCorp (NYSE: KEY) from Outperform to Sector Perform, with a price target of $10.

CMS Energy (NYSE: CMS) lowered by two today:
  • Wells Fargo from Outperform to Market Perform, valuation range $19.50 - $20.50; and

  • Ladenburg Thalmann from Buy to Neutral, and $20 price target.
Auriga downgraded Illumina (Nasdaq: ILMN) from Buy to Hold. Click Here for more color.

Raymond James downgraded St. Joe Company (NYSE: JOE) from Strong Buy to Market Perform.

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

NEW COVERAGE
Jefferies starts ZIOPHARM Oncology (Nasdaq: ZIOP) at Buy, and a price target of $8. Click Here for more color.

Lazard Capital initiates coverage on priceline.com (Nasdaq: PCLN) with a Buy, and price target of $500.

RBC Capital starts KB Home (NYSE: KBH) with an Outperform rating and a $17 price target.

WBB Securities initiates coverage on Aastrom Biosciences (Nasdaq: ASTM) with a Sell, and a $2 price target.

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

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UBS, Raymond James, Jefferies & Co, BMO Capital, Lazard, RBC Capital, HSBC, Buckingham Research, Genuity Capital Markets, Ladenburg Thalmann Financial Services, Notable Analyst Rating Changes, Auriga

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