Notable Analyst Rating Changes 02/14: (ANGI) (NOW) (ARUN) Upgraded; (CTL) (EIX) (TRIP Downgraded

February 14, 2013 10:34 AM EST Send to a Friend
UPGRADES
Raymond James boosts Angie's List (Nasdaq: ANGI) from Outperform to Strong Buy, moving its price target from $17 up to $22.

UBS raises ServiceNow (NYSE: NOW) from Sell to Buy.

Morgan Stanley lifts Aruba Networks (Nasdaq: ARUN) from Equalweight to Overweight.

Macquarie upgrades Valero Energy (NYSE: VLO) from Neutral to Outperform, moving its price target from $48 to $53.

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

DOWNGRADES
CenturyLink, Inc. (NYSE: CTL) cut by a slew of investors following Q4 results:
  • Nomura Securities from Buy to Reduce, moving its price target $15 lower to $30;

  • Atlantic Equities from Overweight to Underweight;

  • Raymond James from Strong Buy to Market Perform;

  • JPMorgan from Overweight to Neutral and cut its price target from $45 to $38.

Jefferies lowers Edison International (NYSE: EIX) from Hold to Underperform, moving its price target from $48.50 down to $40.50. Click Here for more color.

Morgan Stanley cuts TripAdvisor (Nasdaq: TRIP) from Overweight to Equalweight.

Stifel Nicolaus reduces Polycom (Nasdaq: PLCM) from Buy to Hold.

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

NEW COVERAGE
BofA/Merrill Lynch reinstates Charles Schwab Corp. (NYSE: SCHW) with a Neutral with an $18 price target.

Cantor Fitzgerald initiates Summit Hotel Properties (NYSE: INN) with a Buy and $10.50 target. Click Here for more color.

Canaccord Genuity starts Procter & Gamble (NYSE: PG) with a Buy. PT $87.00.

BofA/Merrill Lynch restarts E*TRADE Financial (Nasdaq: ETFC) with an Underperform and $10 target.

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

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