Notable Analyst Rating Changes 07/02: (STI) (PSX) (RIMM) Upgraded; (OPEN) (ADI) (DD) Downgraded

July 2, 2012 11:31 AM EDT Send to a Friend
UPGRADES
Morgan Stanley upgrades SunTrust Banks (NYSE: STI) from Equalweight to Overweight.

Deutsche Bank boosts Phillips 66 (NYSE: PSX) from Hold to Buy with a price target of $42.

Hudson Securities lifts Research In Motion Ltd. (Nasdaq: RIMM) from Neutral to Buy.

Macquarie raises Hercules Offshore (Nasdaq: HERO) from Neutral to Outperform with a price target of $5.50.

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

DOWNGRADES
Barclays trims OpenTable (Nasdaq: OPEN) from Overweight to Equalweight with a price target of $43.

Sterne Agee downgrades Analog Devices (Nasdaq: ADI) from Buy to Neutral with a price target of $42.

Jefferies lowers DuPont (NYSE: DD) from Buy to Hold, moving its price target from $62 down to $55. Click Here for more color.

Deutsche Bank downgraded Progressive Corp. (NYSE: PGR) from Hold to Sell, lowering its price target from $19 to $17. Click Here for more color.

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

NEW COVERAGE
Sterne Agee assume ON Semi (Nasdaq: ONNN) at Neutral and $8 price target.

BofA/Merrill Lynch reinstates Cree (Nasdaq: CREE) with a Underperform and $17 target.

Mizuho Securities initiates LSI Corporation (NYSE: LSI) with a Buy and $10 target.

ING Group begins UBS AG (NYSE: UBS) with a Hold.

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

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Deutsche Bank, UBS, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, Sterne Agee, Barclays, Notable Analyst Rating Changes

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