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Notable Analyst Rating Changes 08/05: (CLGX) (RIG) (HD) Upgraded; (BAC) (DNR) (ILMN) Downgraded

August 5, 2011 11:36 AM EDT
UPGRADES
BofA/Merrill Lynch lifts CoreLogic (NYSE: CLGX) from Neutral to Buy.

Global Hunter Securities upgrades Transocean (NYSE: RIG) from Neutral to Accumulate with a price target of $63.00. Click Here for more color.

Buckingham Research lifts Home Depot (NYSE: HD) from Underperform to Neutral.

Longbow Research raises Kroger (NYSE: KR) from Neutral to Buy with a price target of $30.00.

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

DOWNGRADES
Wells Fargo downgrades Bank of America (NYSE: BAC) from Outperform to Market Perform, cutting its price target range from $14 - $15 to $9.50 - $11.50. Click Here for more color.

SunTrust Robinson Humphrey lowers Denbury Resources (NYSE: DNR) from Buy to Neutral.

Goldman Sachs cuts Illumina (Nasdaq: ILMN) from Buy to Neutral with a price target of $66 (down from $76). Click Here for more color.

Keefe, Bruyette & Woods reduces PMI Group (NYSE: PMI) from Outperform to Market Perform, its price target chopped from $3.00 to 50 cents per share. Click Here for more color.

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

NEW COVERAGE
Oppenheimer starts Applied Materials (Nasdaq: AMAT) with a Perform rating and $15 price target.

Needham & Company assumes STEC, Inc. (Nasdaq: STEC) at Hold (from Buy). Click Here for more color.

Oppenheimer begins Micron (NYSE: MU) at Perform, with a $9 price target.

William Blair initiates Shire plc (Nasdaq: SHPGY) at Market Perform, and $103.00 price target.

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

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Keefe, Bruyette & Woods, William Blair, Needham & Company, SunTrust Robinson Humphrey, Longbow Research, Buckingham Research, Notable Analyst Rating Changes, Wells Fargo