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Notable Analyst Rating Changes 06/13: (CHS) (UA) (MGM) Upgraded; (NOK) (FCS) (BMS) Downgraded

June 13, 2011 10:56 AM EDT
UPGRADES
JPMorgan upgrades Chicos, Inc. (NYSE: CHS) from Neutral to Overweight.

Sterne Agee lifts Under Armour, Inc. (NYSE: UA) from Neutral to Buy.

Bernstein raises MGM Mirage (NYSE: MGM) from Market Perform to Outperform with a $17 price target.

Morgan Stanley boosts A123 Systems (Nasdaq: AONE) from Equal Weight to Overweight.

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

DOWNGRADES
Wunderlich Securities cuts Nokia (NYSE: NOK) from Buy to Hold.

Baird downgrades Fairchild Semi (NYSE: FCS) from Outperform to Neutral, cutting its price target from $28 to $17.

Stifel Nicolaus lowers Molson Coors (NYSE: TAP) from Buy to Hold.

Goldman Sachs reduces Bemis (NYSE: BMS) from Neutral to Sell and cut its price target from $35 to $33, citing higher resin costs.

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

NEW COVERAGE
Boingo Wireless (Nasdaq: WIFI) started by several firms today:
  • Deutsche Bank initiates at Buy, and $15 price target;

  • William Blair with an Outperform;

  • Pacific Crest at Outperform, and $13 price target; and

  • Credit Suisse at Outperform, and $14 price target.
Renren (Nasdaq: RENN) initiated by two today:
  • Oppenheimer at Outperform, and $12 price target; and

  • Deutsche Bank with a Hold, and price target of $8.42. Click Here for more color.
Williams Capital initiates RealD (NYSE: RLD) with an Outperform.

William Blair begins Mead Johnson Nutrition (NYSE: MJN) with an Outperform.

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

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Credit Suisse, Stifel Nicolaus, Deutsche Bank, William Blair, JPMorgan, Morgan Stanley, Robert W Baird, Sterne Agee, Pacific Crest Securities, Notable Analyst Rating Changes, Wunderlich Securities

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