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Notable Analyst Rating Changes 02/26: RST, AZN/GSK, CHA/CHU, OSIS, LAMR Upgraded; PALM, DPS, ATHN, FLR, MOT Downgraded

February 26, 2010 10:20 AM EST
RST Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)

Revenue Growth %: +21.8%
UPGRADES
Jefferies & Co upgrades Rosetta Stone (NYSE: RST) from Hold to Buy. Price target raised from $24 to $29.

Goldman Sachs upgrades two pharma's from Sell to Neutral:
  • AstraZeneca plc (NYSE: AZN); and

  • GlaxoSmithKline plc (NYSE: GSK). Click Here for more color.
Deutsche Bank upgrades China Unicom (NYSE: CHU) and China Telecom (NYSE: CHA) from Hold to Buy. Think China Unicom is one of their top picks in China TMT space.

Morgan Keegan upgrades OSI Systems (NASDAQ: OSIS) from Market Perform to Outperform.

Lamar Advertising (NASDAQ: LAMR) gets two upgrades today:
  • J.P. Morgan to Overweight from Neutral and a price target increased to $36 from $33 prior;

  • Gabelli upgrades to Buy from Hold.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Palm, Inc. (NASDAQ: PALM) gets two more downgrades this morning;
  • UBS downgrades to Sell from Neutral, and slashes their price target to $4.50 from $10; and

  • Kaufman Bros. downgrades from Buy to Hold with a price target lowered from $16 to $7.50. Click Here for more color.
Stifel Nicolaus downgrades Dr Pepper Snapple Group (NYSE: DPS) from Buy to Hold.

athenahealth (NASDAQ: ATHN) also gets two downgrades today:
  • Baird downgrades from Outperform to Neutral, cuts price target from $52 to $35.

  • JMP Securities downgrades from Market Outperform to Market Perform.
Baird downgrades Fluor (NYSE: FLR) from Outperform to Neutral. Price target dropped from $59 to $47.

UBS downgrades Motorola (NYSE: MOT) from Buy to Neutral.

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

NEW COVERAGE
Goldman Sachs initiates coverage J. M. Smucker Company (NYSE: SJM) with a Neutral rating and $67 price target.

Deutsche Bank reinstates coverage on Kraft Foods (NYSE: KFT) with a Hold rating. Price target $31. Click Here for more color.

Leerink Swann initiates coverage on Sanofi-Aventis (NYSE: SNY) with an Outperform rating.

Morgan Stanley initiates coverage on Canadian Solar (NASDAQ: CSIQ) with an Overweight rating. Price target $25.60.

Stifel Nicolaus initiates coverage RF Micro Devices (NASDAQ: RFMD) with a Hold rating.

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

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Stifel Nicolaus, Deutsche Bank, UBS, JPMorgan, Kaufman Bros., Morgan Stanley, Jefferies & Co, Robert W Baird, JMP Securities, Morgan Keegan & Company, Notable Analyst Rating Changes

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