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Notable Analyst Rating Changes 02/11: IPG, FLR, ALU, SO Upgraded;CMG, S, EXPE, CSCO Downgraded

February 11, 2011 11:14 AM EST
UPGRADES
Deutsche Bank upgraded Interpublic Group (NYSE: IPG) to Buy, with a price target increased from $11 to $15. Click Here for more color.

Citi upgrades Flour (NYSE: FLR) shares from Hold to Buy.

Alcatel-Lucent (NYSE: ALU) upgraded by two today:
  • Nomura Securities from Reduce to Neutral; and

  • MKM Partners from Neutral to Buy.
BofA/Merrill Lynch upgrades Southern Co. (NYSE: SO) from Neutral to Buy.

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

DOWNGRADES
Chipotle Mexican Gril (NYSE: CMG) downgraded by a handful of firms today:
  • BofA/Merrill Lynch from Buy to Neutral;

  • Wells Fargo from Market Perform to Underperform. Click Here for more color; and

  • Morgan Keegan from Market Perform to Underperform, boosting their price target from $225 to $240.
Goldman Sachs lowers Sprint Nextel (NYSE: S) from Buy to Neutral, cutting their price target from $6 to $5. Click Here for more color.

Expedia (Nasdaq: EXPE) downgraded by a slew of firms today:
  • BofA/Merrill Lynch from Buy to Neutral;

  • Deutsche Bank from Buy to Hold, with a price target lowered from $33 to $25. Click Here for more color;

  • ThinkEquity from Buy to Hold; and

  • Benchmark from Buy to Hold, cutting their price target by $10 from $36 to $26. Click Here for more color.


J.P. Morgan downgraded shares of Cisco (Nasdaq: CSCO) from Overweight to Neutral.

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

NEW COVERAGE
Air Transport Services Group (Nasdaq: ATSG) started by two today:
  • SunTrust Robinson Humphrey at Buy, with $10 price target; and

  • BB&T at Buy, and $12 price target.
Canaccord Genuity initiates coverage on ABITIBIBOWATER Inc. (NYSE: ABH) with a Buy, and $35 price target.

William Blair initiates coverage on MaxLinear (NYSE: MXL) with a Outperform.

Citadel Securities initiates coverage on Sirius XM Radio (Nasdaq: SIRI) with a Neutral rating and $2 price target.

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

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Deutsche Bank, William Blair, JPMorgan, Citi, Merrill Lynch, Bank of America, ThinkEquity, SunTrust Robinson Humphrey, BB&T Capital Markets, Nomura, Morgan Keegan & Company, Genuity Capital Markets, Notable Analyst Rating Changes

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