Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
UPGRADES:
Janney Montgomery Scott upgrades Adobe Systems (NASDAQ: ADBE) from Neutral to Buy. Fair value increased from $33 to $43. Click Here for more color.
Stephens & Co upgrades Ann Taylor (NYSE: ANN) from Equalweight to Overweight. Price target increased from $12 to $17.
FBR Capital upgrades Force Protection, Inc. (NASDAQ: FRPT) from Underperform to Market Perform with a $6 price target.
Kaufman Bros. upgrades Rackspace Hosting (NYSE: RAX) to Buy. Price target increased from $16 to $22.50.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Exane BNP Paribas downgrades Alcatel Lucent (NYSE: ALU) from Outperform to Neutral. Price target €3.
Northland Securities downgrades Capstone Turbine (Nasdaq: CPST) from Outperform to Market Perform. price target $1.35.
BB&T Capital downgrades Pike Electric (NASDAQ: PIKE) from Buy to Hold. FBR Capital also downgrades PIKE from Outperform to Market Perform.
Keefe Bruyette & Woods downgrades Allied Irish Banks (NYSE: AIB) from Market Perform to Underperform.
Deutsche Bank downgrades TRW Automotive (NYSE: TRW) to Hold on Valuation.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Jefferies & Co initiates coverage on Annaly Capital Management (NYSE: NLY) with a Buy.
J.P. Morgan, Goldman Sachs, Morgan Stanley, and Citi initiated coverage on Talecris Biotherapeutics (NASDAQ: TLCR) with an Overweight, Neutral, Overweight, and Buy, respectively. Goldman, Morgan Stanley, and Citi also set price targets of $24, $24, and $28, respectively.
Janney Montgomery Scott initiates coverage on CRA International (Nasdaq: CRAI) with a Neutral. Price target $24. Click Here for more color.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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-0.02Related Entities
- Keefe, Bruyette & Woods
- Deutsche Bank
- JPMorgan
- Kaufman Bros.
- Citi
- Morgan Stanley
- Jefferies & Co
- Janney Montgomery Scott
- BB&T Capital Markets
- Notable Analyst Rating Changes
- Northland Securities
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