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Notable Analyst Rating Changes 09/16: (EBAY) (LYG) (REV) Upgraded; (RIMM) (ADBE) (SSYS) Downgraded

September 16, 2011 11:01 AM EDT
UPGRADES
Wedbush upgrades eBay (Nasdaq: EBAY) from Neutral to Outperform, price target raised from $35 to $48. Click Here for more color.

Goldman Sachs adds Lloyds TSB Group (NYSE: LYG) to its Conviction Buy (Pan-Europe) while maintaining a 60 pence price target. Click Here for more color.

BMO Capital ups Revlon (NYSE: REV) from Market Perform to Outperform, price target maintained at $21.

Goldman Sachs raises Gilead Sciences (Nadaq: GILD) to Buy, its price target moves from $39 to $46. Click Here for more color.

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

DOWNGRADES
Research In Motion Ltd. (Nasdaq: RIMM) lowered by three firms today:
  • Raymond James from Outperform to Market Perform, slashing its price target from $54 to $27;

  • Pacific Crest from Sector Perform to Underperform; and

  • National Bank from Sector Perform to Underperform.
JMP Securities cut Adobe (Nasdaq: ADBE) from Outperform to Market Perform.

Needham & Company reduces Stratasys (Nasdaq: SSYS) from Buy to Hold. Click Here for more color.

Wunderlich Securities lowers American Superconductor (Nasdaq: AMSC) from Buy to Hold, its price target cut in half to $6.

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

NEW COVERAGE
William Blair beginsDendreon (Nasdaq: DNDN) at Underperform and price target of $8.

Wells Fargo initiates Citi (NYSE: C) with a Market Perform rating and a $30 to $32 valuation range. Click Here for more color.

Madison Williams starts Seattle Genetics (Nasdaq: SGEN) at Sell and $10 price target.

Deutsche Bank begins First Solar (Nasdaq: FSLR) with a Hold rating and $90 price target. Click Here for more color.

Barclays initiates OpenTable (Nasdaq: OPEN) with an Underweight, and $60 price target.

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Deutsche Bank, William Blair, Citi, Raymond James, Needham & Company, BMO Capital, JMP Securities, Barclays, Pacific Crest Securities, Notable Analyst Rating Changes, Wunderlich Securities, Wells Fargo