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Notable Analyst Rating Changes 08/12: (HPQ) (MNKD) (FFIV) Upgraded; (AONE) (ORCL) (BP) Downgraded

August 12, 2011 11:21 AM EDT
UPGRADES
Jefferies upgrades Hewlett-Packard (NYSE: HPQ) to Buy with a price target of $40. Click Here for more color.

JMP Securities lifts MannKind (Nasdaq: MNKD) from Market Perform to Market Outperform with a price target of $7.

William Blair raises F5 Networks (Nasdaq: FFIV) from Market Perform to Outperform.

Anheuser-Busch InBev (NYSE: BUD) upgraded by two today:
  • BofA Merrill upgraded the stock from Neutral to Buy, adding it to their "Europe 1 List."

  • CLSA from Outperform to Buy, but its price target lowered from $70 to $62.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Goldman Sachs downgrades A123 Systems (Nasdaq: AONE) from Buy to Neutral, its price target lowered from $9 to $5. Click Here for more color.

RBC Capital lowers Oracle (Nasdaq: ORCL) from Outperform to Sector Perform, its price target lowered from $36 to $30.

Goldman Sachs cuts BP (NYSE: BP) from Buy to Neutral with a price target of $54. Click Here for more color.

Jefferies downgraded Host Hotels (NYSE: HST) from Buy to Hold, lowering its price target from $22 to $11. Click Here for more color.

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

NEW COVERAGE
Brean Murray Carret & Co. initiates Chesapeake Energy (NYSE: CHK) with a Buy, and price target of $40.00.

William Blair starts Broadcom (Nasdaq: BRCM) with a Market Perform.

Janney Montgomery Scott begins Akamai Technologies (Nasdaq: AKAM) with a Buy, and price target of $27.

Wunderlich Securities commences coverage on Applied Micro Circuits (Nasdaq: AMCC) with a Buy rating and $8 price target.

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

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Brean Murray Carret & Co., William Blair, Jefferies & Co, RBC Capital, Janney Montgomery Scott, JMP Securities, Notable Analyst Rating Changes, Wunderlich Securities