Notable Analyst Rating Changes 08/12: EBAY, BX, JASO, BBG Upgraded; CSCO, ANW, NTAP, FLEX, INTC Downgraded

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EBAY Hot Sheet

Overall Analyst Rating:
BUY (= Flat)

Revenue Growth %: +29.4%

UPGRADES
Citigroup upgrades eBay (Nasdaq: EBAY) from Hold to Buy with a $28 price target, citing valuation after the recent sell-off.

Goldman Sachs added The Blackstone Group (NYSE: BX) to its Conviction Buy List today, its most aggressive rating. The firm maintained their $14.50 price target.

Auriga upgrades JA Solar Holdings Co., Ltd. (Nasdaq: JASO) from Hold to Buy and raised their price target from $5.75 to $8. Click Here for more color.

Goldman Sachs upgrades Bill Barrett Corp. (NYSE: BBG) from Sell to Neutral and raised their price target from $34 to $42.

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

DOWNGRADES
Oppenheimer downgrades Cisco Systems (Nasdaq: CSCO) from Outperform to Perform.

Stephens & Co downgrades Aegean Marine Petroleum Network (NYSE: ANW) from Overweight to Equalweight, with a price target lowered from $26 to $18.

Merriman Curhan Ford downgrades NetApp Inc. (Nasdaq: NTAP) from Buy to Neutral.

Ticonderoga Securities downgrades Flextronics (Nasdaq: FLEX) from Neutral to Sell, with a $4 price target. Click Here for more color.

BMO Capital downgrades Intel (Nasdaq: INTC) from Outperform to Market Perform.

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

NEW COVERAGE
Wells Fargo initiated or resumed coverage on a litany of large cap Tech names this morning. With an Outperform:

Apple (Nasdaq: AAPL) - $300-$320 valuation range
Google (Nasdaq: GOOG) - $620-$640 range
IBM (NYSE: IBM) - $147-$152 range
NetApp (Nasdaq: NTAP) - $54-$56 range

With a Market Perform rating:

Yahoo! (Nasdaq: YHOO) - $15-$16 range
SAP (NYSE: SAP) - $38-$40 range
Microsoft (Nasdaq: MSFT) - $27-$29 range
HP (NYSE: HPQ) - $48-$50 range
Dell (Nasdaq: DELL) - $13-$15 range
EMC (NYSE: EMC) - $18-$20 range
VMware (NYSE: VMW) - $70-$75 range
salesforce.com (NYSE: CRM) - $95-$100 range
SAP (NYSE: SAP) - $38-$40 range

MKM Partners initiates coverage on QUALCOMM (Nasdaq: QCOM) with a 'Sell' rating, and $30 price target.

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

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