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Notable Analyst Rating Changes 04/22: (AAPL) (HES) (FNFG) Upgraded; (GE) (MCD) (NEM) Downgraded

April 22, 2013 10:50 AM EDT
UPGRADES
Avondale Partners upgrades Apple (Nasdaq: AAPL) from Market Perform to Market Outperform.

Barclays boosts Hess Corp. (NYSE: HES) from Equalweight to Overweight, adjusting its price target from $82 to $86.

Baird raises Johnson Controls (NYSE: JCI) from Neutral to Outperform.

Guggenheim lifts First Niagara Financial (Nasdaq: FNFG) from Neutral to Buy with a price target of $10.50.

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

DOWNGRADES
JPMorgan cuts General Electric (NYSE: GE) from Overweight to Neutral, moving its price target from $24 down to $22. Click Here for more color.

Credit Agricole trims McDonald's (NYSE: MCD) from Buy to Outperform, moving its price target from $110 to $111.

Deutsche Bank cuts Newmont Mining Corp. (NYSE: NEM) from Hold to Sell, slashing its target from $40 down to $24. Click Here for more color.

Societe Generale downgraded Ericsson (Nasdaq: ERIC) from Hold to Sell. Click Here for more color.

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

NEW COVERAGE
Needham & Company initiates Sarepta Therapeutic (Nasdaq: SRPT) with a Buy and $57 price target.

Evercore Partners starts Autodesk (Nasdaq: ADSK) with an Equal Weight and $40 target.

Deutsche Bank assumes Cabot Oil & Gas (NYSE: COG) at Hold and $75 target. Click Here for more color.

Barclays initiates begins TRW Automotive Holdings (NYSE: TRW) with an Overweight and $70 price target.

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

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Deutsche Bank, JPMorgan, Robert W Baird, Needham & Company, Avondale Partners, Barclays, Notable Analyst Rating Changes, Credit Agricole