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Notable Analyst Rating Changes 04/19: (EBAY) (FFIV) (ZNGA) Upgraded; (NAV) (CHK) (SWK) Downgraded

April 19, 2012 11:40 AM EDT
UPGRADES
eBay (Nasdaq: EBAY) upgraded by three Thursday:
  • Benchmark from Hold to Buy, its target raised from $37 to $45. Click Here for more color;

  • Macquarie from Neutral to Outperform, price target raised from $36 to $45; and

  • Piper Jaffray from Neutral to Overweight.
F5 Networks (Nasdaq: FFIV) lifted by two today:
  • Capstone Investments from Hold to Buy, price target raised from $136 to $149; and

  • Wunderlich Securities from Hold to Buy, price target raised from $120 to $145.
Needham & Company lifts Zynga (Nasdaq: ZNGA) from Underperform to Hold. Click Here for more color.

Mellanox Technologies (Nasdaq: MLNX) got a boost by three firms:
  • Lazard Capital from Neutral to Buy with a price target of $63;

  • Mizuho Securities from Hold to Buy, its price target raised from $36 to $65; and

  • Wunderlich Securities from Hold to Buy, price target of $65.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Wells Fargo trims Navistar International (NYSE: NAV) from Outperform to Market Perform, its price target range lowered from $48 - $50 to $37 - $40. Click Here for more color.

Sterne Agee drops Chesapeake Energy (NYSE: CHK) from Buy to Neutral.

Raymond James lowers Stanley Black & Decker (NYSE: SWK) from Strong Buy to Outperform with a price target of $85.

Credit Agricole cuts Yum! Brands (NYSE: YUM) from Buy to Outperform, its price target raised from $76 to $80.

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

NEW COVERAGE
BofA/Merrill Lynch initiates Power-One (Nasdaq: PWER) with a Underperform and $3.75 target.

Lazard Capital assumes Celanese (NYSE: CE) at Buy and $60 target.

JMP Securities starts Splunk (Nasdaq: SPLK) with a Market Outperform and price target of $22.

Raymond James begins Swift Transportation (NYSE: SWFT) with an Outperform and price target of $12.

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

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Piper Jaffray, Raymond James, Needham & Company, Lazard, Sterne Agee, JMP Securities, Notable Analyst Rating Changes, Capstone Investments, Wunderlich Securities, Credit Agricole, Wells Fargo