Notable Analyst Rating Changes 05/18: (MS) (MM) (PBR) Upgraded; (CAVM) (PWER) (CY) Downgraded

May 18, 2012 11:01 AM EDT Send to a Friend
UPGRADES
UBS upgrades Morgan Stanley (NYSE: MS) from Neutral to Buy, cutting its price target from $21 down to $19. Click Here for more color.

Goldman Sachs boosts Millennial Media (NYSE: MM) from Neutral to Buy with a price target of $19. Click Here for more color.

Societe Generale lifts Petrobras (NYSE: PBR) from Hold to Buy with a price target of $25. Click Here for more color.

Nomura Securities upgrades ASML Inc. (Nasdaq: ASML) from Neutral to Buy boosted from €26 to €42. Click Here for more color.

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

DOWNGRADES
UBS trims Cavium Networks (Nasdaq: CAVM) from Buy to Neutral, its price target lowered from $34 to $26.

Cantor Fitzgerald downgrades Power-One (Nasdaq: PWER) from Buy to Hold, its price target lowered from $7.50 to $5. Click Here for more color.

UBS docks Cypress Semi (Nasdaq: CY) from Buy to Neutral, price target lowered from $19 to $13.75.

Barclays lowers Sysco (NYSE: SYY) from Equalweight to Underweight, with a price target of $27.

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

NEW COVERAGE
Maxim Group initiates Dendreon (Nasdaq: DNDN) with a Sell rating and $5 price target. Click Here for more color.

Susquehanna starts Devon Energy (NYSE: DVN) with a Neutral and $71 price target.

JPMorgan starts ZIOPHARM Oncology (Nasdaq: ZIOP) with an Overweight and $7 price target.

Susquehanna assumes Corning (NYSE: GLW) at Neutral and $14 target.

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

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UBS, Cantor Fitzgerald, JPMorgan, Morgan Stanley, Barclays, Nomura, Maxim Group, Susquehanna International Group of Companies, Notable Analyst Rating Changes

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