Notable Analyst Rating Changes 03/25: (LVS) (JBLU) (IMAX) Upgraded; (RIMM) (BBY) (CHGS) Downgraded


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March 25, 2011 11:16 AM EDT Send to a Friend
UPGRADES
UBS lifts Las Vegas Sands (NYSE: LVS) from Neutral to Buy, maintaining a $51 price target. Click Here for more color.

Soleil Securities upgrades JetBlue Airways (Nasdaq: JBLU) from Hold to Buy, with a price target increased from $7 to $9. Click Here for more color.

Canaccord Genuity ups IMAX Corp. (Nasdaq: IMAX) from Hold to Buy, boosting its price target from $28.25 to $34.

Piper Jaffray lifts Akamai Technologies (Nasdaq: AKAM) from Neutral to Overweight with a $45 price target.

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

DOWNGRADES
Research In Motion Limited (Nasdaq: RIMM) lowered by a gaggle of firms today:
  • Deutsche Bank from Neutral to Sell, lowering their price target to $50. Click Here for more color;

  • BofA/Merrill Lynch from Buy to Neutral. Click Here for more color;

  • Baird from Neutral to Underperform, cutting their price target from $60 to $47; and

  • Caris & Co. from Buy to Above Average, lowering their price target modestly from $75 to $70.
Citi reduces Best Buy (NYSE: BBY) from Hold to Sell, dicing their price target from $36 to $27.

Rodman & Renshaw cuts China GengSheng Minerals (NYSE: CHGS) from Market Outperform to Market Perform.

Morgan Keegan downgrades ADTRAN (Nasdaq: ADTN) from Outperform to Market Perform, with a $44 price target.

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

NEW COVERAGE
Wedbush initiates coverage on Brunswick Corp (NYSE: BC) with a Outperform, with a price target of $29. Click Here for more color.

JMP Securities initiates coverage on Zalicus (Nasdaq: ZLCS) with a Market Outperform, with a price target of $5.

Credit Agricole starts Fossil (Nasdaq: FOSL) at Buy, with a $103 price target.

Wells Fargo initiates coverage on Belo Corp (NYSE: BLC) with a Outperform and valuation range of $13 - $15.

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

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Piper Jaffray, Deutsche Bank, UBS, Citi, Merrill Lynch, Robert W Baird, Soleil Securities, Bank of America, JMP Securities, Rodman & Renshaw, Morgan Keegan & Company, Notable Analyst Rating Changes, Credit Agricole, Wells Fargo

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