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Notable Analyst Rating Changes 04/26: (ROK) (DPS) (APD) Upgraded; (HES) (ABB) (LEAP) Downgraded

April 26, 2012 11:44 AM EDT
UPGRADES
Morgan Stanley upgrades Rockwell Automation (NYSE: ROK) from Underweight to Equalweight.

Davenport lifts Dr Pepper Snapple (NYSE: DPS) from Neutral to Buy.

Morgan Stanley boosts Air Products & Chemicals Inc. (NYSE: APD) from Underweight to Equalweight.

Argus ups Marriott Int'l (NYSE: MAR) from Hold to Buy.

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

DOWNGRADES
HEss Corp. (NYSE: HES) reimmed by three today:
  • Barclays from Overweight to Equalweight, price target cut from $90 to $60;

  • JPMorgan from Overweight to Neutral, price target cut from $89 to $68; and

  • Credit Suisse from Outperform to Neutral with a price target of $70.
JPMorgan lowers ABB Ltd (NYSE: ABB) from Overweight to Neutral.

Avondale Partners downgrades Zipcar (Nasdaq: ZIP) from Market Outperform to Market Perform.

Leap Wireless (Nasdaq: LEAP) lowered by two:
  • Raymond James from Outperform to Market Perform;

  • Guggenheim from Buy to Neutral, price target cut from $14 to $8.50.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Auriga initiates Merck (NYSE: MRK) with a Buy and $47 target.

Rodman & Renshaw commences Neptune Technologies (Nasdaq: NEPT) at Market Outperform and $7 target.

Feltl & Co. assumes Callidus Software (Nasdaq: CALD) with a Buy and $9.50 target.

Auriga starts Forest Laboratories (NYSE: FRX) with a Hold and $36 price target. Click Here for more color.

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Credit Suisse, JPMorgan, Raymond James, Morgan Stanley, Davenport, Avondale Partners, Barclays, Argus, Rodman & Renshaw, Notable Analyst Rating Changes, Auriga