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Notable Analyst Rating Changes 04/27: PPDI, MRVL, TASR, CAVM Upgraded; AIG, HBAN, NWSA, ACN Downgraded

April 27, 2010 11:01 AM EDT
PPDI Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

Dividend Yield: 1.8%
UPGRADES
Goldman Sachs upgrades Pharmaceutical Product Development Inc. (Nasdaq: PPDI) from Sell to Neutral and raised their 6-month price target $18 to $28.

Deutsche Bank upgrades Marvell Technology (Nasdaq: MRVL) from Hold to Buy, with a price target of $28.

J.P. Morgan upgrades TASER (Nasdaq: TASR) to Neutral from Underweight.

Cavium Networks (Nasdaq: CAVM) gets an upgrade from two firms:
  • Needham & Company keeps their Buy rating, and increases their price target to $35 from $31. Click Here for more color;

  • Cowen & Co upgrades from Neutral to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Keefe, Bruyette and Woods downgrades AIG (NYSE: AIG) to Underperform with a reassessed price target of $6.

Deutsche Bank downgrades Huntington Bancshares (Nasdaq: HBAN) from Buy to Hold, with a price target of $6. Click Here for more color.

Soleil Securities downgrades News Corp (Nasdaq: NWSA) from Buy to Hold. Price target increased by $1 to $17.50. Click Here for more color.

Standpoint Research downgrades Accenture Plc (NYSE: ACN) from Buy to Hold.

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

NEW COVERAGE
Brean Murray initiates coverage on VIVUS, Inc. (Nasdaq: VVUS) with a Buy rating. Price target $15. Click Here for more color.

Pacific Crest Securities initiates coverage on GT Solar International (Nasdaq: SOLR) with an Outperform rating, with a price target of $9.

Noble Financial initiates coverage on Western Digital (NYSE: WDC) with a Buy rating.

C.K. Cooper initiates coverage on Rockwell Collins (NYSE: COL) with a Buy rating, and an $80 price target.

Northcoast Research initiates coverage on Cooper Tire (NYSE: CTB) with a Buy rating, with a price target of $27.

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

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Deutsche Bank, Brean Murray Carret & Co., JPMorgan, Needham & Company, Soleil Securities, Noble Financial, Pacific Crest Securities, CK Cooper, Notable Analyst Rating Changes, Cowen & Co, Standpoint Research

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