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Notable Analyst Rating Changes 04/25: (AAPL) (NOW) (CCI) Upgraded; (INTU) (VLY) (VMW) Downgraded

April 25, 2013 11:11 AM EDT
UPGRADES
Hilliard Lyons upgrades Apple (Nasdaq: AAPL) from Long-Term Buy to Buy.

Mizuho Securities boosts ServiceNow (NYSE: NOW) from Neutral to Buy, moving its price target from $35 up to $45.

Macquarie lifts Crown Castle (NYSE: CCI) from Neutral to Outperform.

Nomura Securities raises F5 Networks (Nasdaq: FFIV) from Neutral to Buy, adjusting its price target from $85 to $88. Click Here for more color.

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

DOWNGRADES
Intuit (Nasdaq: INTU) downgraded by two today:
  • JPMorgan from Overweight to Neutral; and

  • Citi from Buy to Neutral.

Raymond James cuts Valley National Bancorp (NYSE: VLY) from Market Perform to Underperform.

Bernstein reduces VMware (NYSE: VMW) from Market Perform to Underperform.

FBR Capital trims Cullen/Frost Bankers (NYSE: CFR) from Market Perform to Underperform, easing its target from $58 down to $56. Click Here for more color.

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

NEW COVERAGE
JPMorgan initiates MetroPCS (NYSE: PCS) with an Overweight and $14 target.

HSBC assumes ASML Inc. (Nasdaq: ASML) at Overweight.

Canaccord Genuity begins Bonanza Creek Energy (NYSE: BCEI) with a Buy and $49 target.

BMO Capital starts Workday (NYSE: WDAY) with a Market Perform and $60 price target.

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JPMorgan, Citi, Raymond James, BMO Capital, Nomura, HSBC, Hilliard Lyons, Notable Analyst Rating Changes, Canaccord Genuity