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Notable Analyst Rating Changes 02/23: (AMAT) (AKS) (YOKU) (HOC) Upgraded; (NFLX) (FRX) (MDT) (MRO) Downgraded

February 23, 2011 10:49 AM EST
UPGRADES
Piper Jaffray upgraded Applied Materials (Nasdaq: AMAT) from Neutral to Overweight, with a price target increased from $12 to $22.

KeyBanc raises AK Steel (NYSE: AKS) from Hold to Buy, with a price target of $20. Click Here for more color.

Goldman Sachs upgrades Youku.com (NYSE: YOKU) from Neutral to Buy with a $40 price target. Click Here for more color.

Raymond James ups Holly Corp (NYSE: HOC) from Market Perform to Outperform.

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

DOWNGRADES
Needham & Company downgraded Netflix (Nasdaq: NFLX) from Hold to Underperform. Click here for more color.

Forest Laboratories (NYSE: FRX) lowered by two firms today:
  • Citi from Buy to Hold; and

  • Merriman Curhan Ford from Buy to Neutral.
Gabelli lowers Medtronic (NYSE: MDT) from Buy to Hold. Click Here for more color.

Marathon Oil (NYSE: MRO) downgraded by two today:
  • Howard Weil downgraded Marathon Oil (NYSE: MRO) from Focus Stock to Market Outperform, increasing their price target from $56 to $58.

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

    NEW COVERAGE
    Goldman Sachs initiates coverage on Qiagen NV (Nasdaq: QGEN) with a Sell rating and $18 price target.

    Jefferies initiates Crown Holdings (NYSE: CCK) with a Buy rating and a $46 price target. Click Here for more color.

    Goldman Sachs initiates coverage on Myriad Genetics (Nasdaq: MYGN) with a Sell and $17 price target. Click Here for more color.

    Barclays initiates coverage on ZIOPHARM Oncology (NASDAQ: ZIOP) with a Overweight, and $9 price target.

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

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Piper Jaffray, Citi, KeyBanc, Raymond James, Jefferies & Co, Needham & Company, Merriman Curhan Ford, Barclays, Notable Analyst Rating Changes

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