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Notable Analyst Rating Changes 03/08: (ARMH) (ARUN) (AEO) Upgraded; (WSM) (VNO) (SNX) Downgraded

March 8, 2012 11:14 AM EST
UPGRADES
Morgan Stanley upgrades ARM Holdings (Nasdaq: ARMH) from Equal Weight to Overweight.

William Blair boosts Aruba Networks (Nasdaq: ARUN) from Market Perform to Outperform.

American Eagle Outfitters (NYSE: AEO) receives an upgrade from two firms:
  • Goldman Sachs to Conviction Buy with its 6-month price target boosted from $18 to $19. Click Here for more color; and

  • Nomura Securities from Neutral to Buy, price target raised from $13 to $20. Click Here for more color.
Stifel Nicolaus lifts CIENA (Nasdaq: CIEN) from Hold to Buy with a new price target of $20.

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

DOWNGRADES
BofA Merrill Lynch cuts Williams-Sonoma (NYSE: WSM) from Neutral to Underperform, moving its price target from $42 to $33.

Argus downgrades Vornado Realty Trust (NYSE: VNO) from Buy to Hold.

Stifel Nicolaus trims SYNNEX Corp. (NYSE: SNX) from Buy to Hold.

Raymond James lowers Stewart Enterprises (Nasdaq: STEI) from Outperform to Market Perform.

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

NEW COVERAGE
JPMorgan assumes WPX Energy (NYSE: WPX) with a Neutral and $19.50 target.

Canaccord Genuity starts Zynga (Nasdaq: ZNGA) at Hold with a $30 price target. Click Here for more color.

CapitalOne begins Anadarko Petroleum (NYSE: APC) with a Add and target of $111.

Feltl & Co initiates Bunge (NYSE: BG) with a Strong Buy and $83 target.

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

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Stifel, William Blair, JPMorgan, Raymond James, Morgan Stanley, Argus, Nomura, Notable Analyst Rating Changes