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Notable Analyst Rating Changes 10/26: ATHR, MAR, FCX, HRBN Upgraded; CTV, VLTR, ICE, CMS Downgraded

October 26, 2010 11:17 AM EDT
ATHR Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
UPGRADES
William Blair upgrades Atheros Communications (Nasdaq: ATHR) from Market Perform to Outperform.

Bernstein upgrades Marriott (NYSE: MAR) from Market Perform to Outperform.

Argus Research upgraded shares of Freeport-McMoRan (NYSE: FCX) from Hold to Buy this morning, and sets a $113 price target. Click Here for more color.

Roth Capital upgrades Harbin Electric (Nasdaq: HRBN) from Neutral to Buy, with a price target of $26.

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

DOWNGRADES
ComScope (NYSE: CTV) lowered by several firms today:
  • Jefferies from Buy to Hold, with a $30 price target;

  • UBS from Buy to Neutral, with a price target increased from $28 to $31.50. Click Here for more color;

  • Baird to Neutral, with a $31 price target;

  • Barclays from Overweight to Equalweight, with a price target increased from $29 to $31.50; and

  • Longbow Research from Buy to Neutral.
Volterra Semiconductor (Nasdaq: VLTR) downgraded by two today:
  • Needham & Company from Strong Buy to Buy, with a price target of $25. Click Here for more color; and

  • Craig-Hallum from Buy to Accumulate, with a price target lowered from $35 to $22.
Deutsche Bank downgrades IntercontinentalExchange (NYSE: ICE) from Buy to Hold, with a price target of $125. Click Here for more color.

BofA/Merrill Lynch downgrades CMS Energy (NYSE: CMS) from Buy to Neutral.

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

NEW COVERAGE
Soleil Securities initiates coverage on Agrium (NYSE: AGU) with a Buy rating and $100 price target. Click Here for more color.

Credit Agricole initiates coverage on Chevron (NYSE: CVX) with a Buy rating, and price target of $100.

Susquehanna initiates coverage on Dow Chemical (NYSE: DOW) at Positive and a price target of $40.

Howard Weil initiates coverage on Kodiak Oil & Gas (NYSE: KOG) with a Market Outperform rating, with a price target of $5.50.

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

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Deutsche Bank, UBS, William Blair, Jefferies & Co, Merrill Lynch, Robert W Baird, Needham & Company, Soleil Securities, Bank of America, Roth Capital, Barclays, Longbow Research, Argus, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Credit Agricole

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