Notable Analyst Rating Changes 07/06: (SBH) Upgraded; (DECK) (INFA) (TOL) Downgraded

UPGRADES
BofA/Merrill Lynch upgrades Sally Beauty Holdings (NYSE: SBH) from Neutral to Buy.

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

DOWNGRADES
Longbow Research downgrades Deckers Outdoor (Nasdaq: DECK) from Buy to Neutral.

BofA/Merrill Lynch trims The Macerich Company (NYSE: MAC) from Buy to Neutral.

FBN Securities reduces Toll Bros. (NYSE: TOL) from Sector Perform to Underperform.

Raymond James lowers ADP (Nasdaq: ADP) from Strong Buy to Outperform.

Informatica (Nasdaq: INFA) cut by three today:

• BofA/Merrill Lynch from Buy to Underperform;
  
  
• Deutsche Bank from Buy to Hold with a price target of $35.00 (from $53.00). Click Here for more color; and
  
  
• Jefferies from Buy to Hold with a price target of $36.00 (from $54.00).

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

NEW COVERAGE
CIMB starts Qihoo 360 Technology (NYSE: QIHU) with a Outperform and $28 price target.

Pacific Crest initiates Teradyne (NYSE: TER) with a Sector Perform.

Wells Fargo assumes Limited Brands (NYSE: LTD) at Market Perform and valuation range of $44 - $47. Click Here for more color.

CIMB begins Baidu (Nasdaq: BIDU) with a Outperform rating and price target of $200.

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

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