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Notable Analyst Rating Changes 07/17: (MDVN) (ADBE) (LINE) Upgraded; (AXP) (HOLX) (PAAS) Downgraded

July 17, 2013 10:40 AM EDT
UPGRADES
UBS upgrades Medivation (Nasdaq: MDVN) from Neutral to Buy, moving its price target from $59 up to $74. Click Here for more color.

FBR Capital raises Adobe (Nasdaq: ADBE) from Underperform to Market Perform with a price target of $45. Click Here for more color.

Goldman Sachs lifts LINN Energy (Nasdaq: LINE) from Neutral to Buy, seeing 44 percent upside to its $36 price target. Click Here for more color.

Baird moves BorgWarner (NYSE: BWA) from Neutral to Outperform.

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

DOWNGRADES
Buckingham Research downgrades American Express (NYSE: AXP) from Buy to Neutral.

Piper Jaffray reduces Hologic (Nasdaq: HOLX) from Overweight to Neutral, moving its price target from $27 down to $21.

Canaccord Genuity drops Pan Am Silver (Nasdaq: PAAS) from Buy to Hold, adjusting its price target from $19.50 down to $13.

Credit Suisse cuts Unilever (NYSE: UN) from Neutral to Underperform.

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

NEW COVERAGE
Muddy Waters assumes American Tower Corporation (NYSE: AMT) at Strong Sell. Click Here for more color.

Gogo (NASDAQ: GOGO) started by two today:
  • Morgan Stanley at Equalweight; and

  • Evercore Partners with an Overweight and price target of $15.


William Blair starts CIENA (Nasdaq: CIEN) with an Outperform.

RBC Capital initiates Fortress Investment Group (NYSE: FIG) with an Outperform and $9 price target.

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Credit Suisse, Piper Jaffray, UBS, William Blair, Morgan Stanley, Robert W Baird, RBC Capital, Buckingham Research, Notable Analyst Rating Changes, Muddy Waters LLC, Canaccord Genuity