Notable Analyst Rating Changes 04/05: (C) (MGM) (COP) Upgraded; (MERU) (CREE) (OXY) Downgraded

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C Hot Sheet

Overall Analyst Rating:
BUY ( Down

Down)

Dividend Yield: 0.1%
Revenue Growth %: -1.5%

UPGRADES
Bernstein lifts Citi (NYSE: C) from Market Perform to Outperform, maintaining its $5.75 price target.

Janney Montgomery Scott upgrades MGM Mirage (NYSE: MGM) from Sell to Neutral, increasing its price target from $12 to $14. Click Here for more color.

JPMorgan ups ConocoPhilips (NYSE: COP) from Neutral to Overweight, increasing its price target from $68 to $91.

BofA/Merrill Lynch increases CIENA (Nasdaq: CIEN) from Neutral to Buy, lifting its price target fro $26 to $34.

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

DOWNGRADES
Meru Networks (Nasdaq: MERU) lowered by two today:

Cowen from Outperform to Neutral; and
ThinkEquity from Buy to Hold, with a price target lowered from $21 to $18.

Morgan Stanley lowers Cree (Nasdaq: CREE) from Equalweight to Underweight.

RBC Capital cuts Occidental Petroleum (NYSE: OXY) from Outperform to Sector Perform, while increasing its price target from $110 to $115.

Roth Capital lowers DepoMed Inc (Nsdaq: DEPO) from Buy to Neutral, with a $10.25 price target.

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

NEW COVERAGE
Gleacher & Co. reinstates Cisco (Nasdaq: CSCO) with a Neutral, and $18 price target.

Cowen initiates Dell (Nasdaq: DELL) at Neutral.

Kaufman Bros. starts Skyworks Solutions (Nasdaq: SWKS) with a Hold and $34 price target. Click Here for more color.

Gleacher & Co. begins Juniper Networks (NYSE: JNPR) at Buy, and $50 price target.

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

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