Notable Analyst Rating Changes 10/12: (AAPL) (MRVL) (CUDA) Upgraded; (TBPH) (NSC) (EMR) Downgraded

October 12, 2016 10:30 AM EDT

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UPGRADES
OTR Global upgrades Apple (Nasdaq: AAPL) from Negative to Positive.

Credit Suisse raises Marvell (Nasdaq: MRVL) from Neutral to Outperform and moves its price target from $13.50 to $17.50. Click Here for more color.

Piper Jaffray lifts Barracuda Networks (NYSE: CUDA) from Neutral to Overweight and moves its price target from $18 to $32.

BofAMerrill Lynchh boosts Mohawk Industries (NYSE: MHK) from Neutral to Buy.

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

DOWNGRADES
Baird downgrades Theravance Biopharma (Nasdaq: TBPH) from Neutral to Underperform and moves its price target from $19 to $24. Click Here for more color.

Avondale Partners drops Norfolk Southern (NYSE: NSC) from Market Perform to Underperform with a price target of $64.

UBS lowers Emerson (NYSE: EMR) from Neutral to Sell and moves its price target from $53 to $44.

OTR Global cuts ServiceNow (NYSE: NOW) from Positive to Mixed.

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

NEW COVERAGE
Argus initiates GrubHub Inc. (NYSE: GRUB) with a Buy rating and a price target of $52. Click Here for more color.

SunTrust Robinson Humphrey assumes coverage on Euronet Worldwide (Nasdaq: EEFT) with a Buy rating and a price target of $98.

FBR Capital starts Global Net Lease (NYSE: GNL) with a Market Perform rating and a price target of $8.15.

Citi begins coverage on MKS Instruments (Nasdaq: MKSI) with a Buy rating and a price target of $59.

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Credit Suisse, Piper Jaffray, UBS, Citi, Robert W Baird, Bank of America, Avondale Partners, SunTrust Robinson Humphrey, Argus, Notable Analyst Rating Changes

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