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Notable Analyst Rating Changes 04/26: (OXY) (NOK) (IR) Upgraded; (MGM) (BEXP) (TXN) Downgraded

April 26, 2011 11:00 AM EDT
UPGRADES
Deutsche Bank upgrades Occidental Petroleum (NYSE: OXY) to Buy, and a price target of $120. Click Here for more color.

WestLB lifts Nokia (NYSE: NOK) from Sell to Neutral.

BofA/Merrill Lynch bumps Ingersoll-Rand (NYSE: IR) up from Neutral to Buy and raised their price target from $50 to $61.

Wells Fargo lifts Northwestern Corp. (NYSE: NWE) from Market Perform to Outperform, with its valuation range increased from $30 - $31 to $35 - $36. Click Here for more color.

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

DOWNGRADES
Credit Suisse lowers MGM Resorts (NYSE: MGM) frp, Neutral to Underperform, cutting its price target from $14 to $11. Click Here for more color.

Stifel Nicolaus downgrades Brigham Exploration (Nasdaq: BEXP) from Buy to Hold.

Exane BNP Paribas reduces Texas Instruments (NYSE: TXN) from Outperform to Neutral.

Ticonderoga cuts EnCana Corp. (NYSE: ECA) from Neutral to Sell, with a price target of $27. Click Here for more color.

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

NEW COVERAGE
Cornerstone OnDemand (Nasdaq: CSOD) started by a pod of firms:
  • Feltl & Co. at Buy and $20.50 price target;

  • Pacific Crest at Outperform, and $23 price target;

  • Barclays with an Overweight, and $22 price target;

  • Piper Jaffray at Overweight and price target of $21; and

  • William Blair with an Outperform.
Canaccord Genuity begins Vical (Nasdaq: VICL) with a Buy, and $8 price target.

Raymond James initiates coverage on Power-One (Nasdaq: PWER) with a Market Perform.

Mizuho Securities initiates coverage on Sohu.com (Nasdaq: SOHU) with a Buy, and $141 price target.

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

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Credit Suisse, Piper Jaffray, Stifel Nicolaus, Deutsche Bank, William Blair, Raymond James, Merrill Lynch, Bank of America, Barclays, Pacific Crest Securities, Genuity Capital Markets, Notable Analyst Rating Changes, Wells Fargo

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