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Notable Analyst Rating Changes 02/15: (FIO) (OCR) (SWY) Upgraded; (ZNGA) (BAC) (RAX) Downgraded

February 15, 2012 11:02 AM EST
FIO Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
UPGRADES
Benchmark upgrades Fusion-io (NYSE: FIO) from Hold to Buy.

Credit Suisse lifts Omnicare (NYSE: OCR) from Neutral to Outperform, its price target raised from $34 to $39.

Credit Suisse boosts SAFEWAY (NYSE: SWY) from Neutral to Outperform, its price target raised from $19 to $26.

PMorgan raises Fidelity National Information Services (NYSE: FIS) from Underweight to Neutral, its price target raised from $29 to $31.

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

DOWNGRADES
Zynga (Nasdaq: ZNGA) downgraded by three firms:
  • Evercore Partners from Equalweight to Underweight, price target lifted $1 to $10;

  • Baird from Outperform to Neutral, moving its price target from $12 to $13. Click Here for more color; and

  • Barclays from Overweight to Equalweight, raising its price target from $11 to $12.
Bernstein lowers Bank of America (NYSE: BAC) from Outperform to Market Perform.

Raymond James reduces Rackspace (NYSE: RAX) from Outperform to Market Perform.

Caris & Co. downgrades Oracle (Nasdaq: ORCL) from Buy to Above Average.

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

NEW COVERAGE
TripAdvisor (Nasdaq: TRIP) started by two firms:
  • Piper Jaffray at Neutral with a $30 price target; and

  • Macquarie with an Outperform.
Canaccord Genuity initiates Superior Energy Services (NYSE: SPN) with a Buy and $35 price target. Click Here for more color.

Standpoint Research starts RPC Inc. (NYSE: RES) with a Buy and $21 price target. Click Here for more color.

Canaccord Genuity resumes Oil States International (NYSE: OIS) at Buy.

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

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