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Notable Analyst Rating Changes 11/05: (CBS) (QCOM) (HUN) Upgraded; (VELT) (RKT) (HT) Downgraded

November 5, 2012 10:45 AM EST
UPGRADES
CBS (NYSE: CBS) upgraded by two today:
  • Barclays from Equalweight to Overweight, boosting its price target by $2 to $42; and

  • Evercore Partners from Equal Weight to Overweight, adjusting its price target from $37 to $38.

Nomura Securities upgrades Qualcomm (Nasdaq: QCOM) from Neutral to Buy, lifting its price target from $60 to $70.

Piper Jaffray lifts Huntsman (NYSE: HUN) from Neutral to Overweight, moving its target from $15 to $21.

FBR Capital raises Aeropostale, Inc. (NYSE: ARO) from Market Perform to Outperform, adjusting its target from $15 to $16.

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

DOWNGRADES
Janney Montgomery Scott lowers Velti (Nasdaq: VELT) from Buy to Neutral, chopping its price target from $14 down to $10.

JPMorgan downgrades Rock-Tenn (NYSE: RKT) from Overweight to Neutral, moving its target from $90 to $79.

SunTrust Robinson Humphrey reduces Hersha Hospitality Trust (NYSE: HT) from Buy to Neutral, easing its target $1 to $5.

DA Davidson drops Avago Technologies (Nasdaq: AVGO) from Buy to Neutral, its price target moves from $45 down to $38.

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

NEW COVERAGE
Citi assumes ADT (NYSE: ADT) at Buy and $48 target.

Workday (NYSE: WDAY) started by two today:
  • William Blair at Outperform; and

  • Canaccord Genuity with a Buy and $60 target.

Amira Nature Foods Ltd. (NYSE: ANFI) started by three Monday:
  • Jefferies at Buy and $11 target. Click Here for more color;

  • KeyBanc with a Buy and $12 target; and

  • Deutsche Bank at Buy and $13 price target. Click Here for more color.

Ambarella (Nasdaq: AMBA) coverge commenced by three firms:
  • Morgan Stanley with an Overweight;

  • Deutsche Bank at Buy and $10 target. Click Here for more color; and

  • Stifel Nicolaus at Buy and $10 target.

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

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Piper Jaffray, Stifel, Deutsche Bank, William Blair, JPMorgan, Citi, KeyBanc, Morgan Stanley, Jefferies & Co, D.A. Davidson, Janney Montgomery Scott, SunTrust Robinson Humphrey, Barclays, Nomura, Notable Analyst Rating Changes, Canaccord Genuity