Notable Analyst Rating Changes 02/17: SNDK, HD, WFMI, ABFS Upgraded; VCLK, SNI, PAAS, CHE Downgraded

UPGRADES
Morgan Stanley upgrades Sandisk, Inc. (NASDAQ: SNDK) from Equal Weight to Overweight and setting a price target of $37. Click Here for more color.

Oppenheimer made changes on two major Home Improvement Retailers:

• Home Depot (NYSE: HD) from Perform to Outperform, and a price target raised to $37 from $26; and
  
  
• Lowe's (NYSE: LOW) price target upped to $32 from $28, and the firm maintain's their Outperform rating.

J.P. Morgan upgrades Whole Foods (NASDAQ: WFMI) from Neutral to Overweight. Price target increased from $32 to $39.

KeyBanc upgrades Arkansas Best (NASDAQ: ABFS) from Hold to Buy. Price target $32. Click Here for more color.

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

DOWNGRADES
Canaccord Adams downgrades ValueClick (NASDAQ: VCLK) from Buy to Hold and lowered their price target from $15 to $9, following mixed results yesterday. Click Here for more color.

UBS downgrades Scripps Networks Interactive (NYSE: SNI) from Buy to Neutral. Price target lowered from $52 to $41.

RBC Capital downgrades Pan Am Silver (NASDAQ: PAAS) from Outperform to Sector Perform.

Chemed Corp. (NYSE: CHE) downgraded by two firms:

• RBC Capital downgrades from Outperform to Sector Perform; and
  
  
• C.L. King downgrades from Strong Buy to Accumulate.

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

NEW COVERAGE
Citigroup initiates Microsoft (NASDAQ: MSFT) with a Buy rating and $31 price target.

Bank of America Merrill Lynch resumes coverage on several Homebuilder stocks:

• D.R. Horton (NYSE: DHI) with a Buy and price target of $16;
  
  
• Hovnanian Enterprises (NYSE: HOV) with a Buy and price target of $5;
  
  
• KB Home (NYSE: KBH) with a Buy and price target of $20;
  
  
• Lennar (NYSE: LEN) with a Buy and price target of $21;
  
  
• MDC Holdings (NYSE: MDC) with a Buy and price target of $43;
  
  
• Pulte Homes (NYSE: PHM) with a Buy and price target of $14;
  
  
• Ryland (NYSE: RYL) with a Buy and price target of $28;
  
  
• Beazer Homes (NYSE: BZH) with a Neutral Rating and price target of $4.50; and
  
  
• Toll Brothers (NYSE: TOL) with an Underperform and price target of $16.

Atlantic Equities initiates coverage on Morgan Stanley (NYSE: MS) with a Neutral rating. Price target $32.

BB&T Capital initiates Joy Global (NASDAQ: JOYG) with a Buy rating and price target of $67.

National Bank initiates coverage on Mosaic (NYSE: MOS) with an Outperform rating and a $67 price target.

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

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UBS, JPMorgan, Citi, KeyBanc, Morgan Stanley, Merrill Lynch, Canaccord Adams, Bank of America, RBC Capital, BB&T Capital Markets, Notable Analyst Rating Changes, EIM Group

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