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Notable Analyst Rating Changes 06/14: (RF) (NKE) (BBY) Upgraded; (ADBE) (SAPE) (TSM) Downgraded

June 14, 2012 11:06 AM EDT Send to a Friend
UPGRADES
Goldman Sachs lifts Regions Financial (NYSE: RF) from Neutral to Buy with a price target of $8. Click Here for more color.

McAdams Wright Ragen raises Nike (NYSE: NKE) from Sell to Hold.

Citi upgrades of Best Buy (NYSE: BBY) from Sell to Neutral.

Albert Fried & Company raises Pandora (NYSE: P) from Market Perform to Overweight, with a price target of $13.

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

DOWNGRADES
Jefferies lowers Adobe (Nasdaq: ADBE) from Buy to Hold with a price target of $32.00 (from $38.00). Click Here for more color.

Raymond James slices Sapient (Nasdaq: SAPE) from Strong Buy to Outperform.

BNP Paribas lowers Taiwan Semiconductor (NYSE: TSM) from Buy to Hold.

Baird cuts Nokia (NYSE: NOK) from Neutral to Underperform.

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

NEW COVERAGE
Lazard Capital starts Tesla Motors (Nasdaq: TSLA) with a Buy rating and $42 price target.

Wells Fargo assumes XenoPort (Nasdaq: XNPT) at Outperform and $7 to $9 valuation range. Click Here for more color.

Maxim Group initiates Idenix Pharmaceuticals Inc. (Nasdaq: IDIX) with a Buy and price target of $11.

Ladenburg Thalmann begins Cardium Therapeutics (NYSE: CXM) with a Buy and 50 cent price target.

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

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Citi, Raymond James, Jefferies & Co, Robert W Baird, Lazard, Maxim Group, Ladenburg Thalmann Financial Services, Notable Analyst Rating Changes, Tesla, Wells Fargo

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