Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded

November 10, 2009 10:54 AM EST

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


Related Categories

Special Reports

Stocks Mentioned

ADBE 32.48

+0.43 +1.34%
Volume: 3,375,202
Track ADBE

AIB 3.21

+0.01 +0.31%
Volume: 3,160,035
Track AIB

ALU 3.32

+0.18 +5.73%
Volume: 8,517,417
Track ALU

ANN 14.96

+0.49 +3.39%
Volume: 628,329
Track ANN

CPST 1.15

+0.03 +2.68%
Volume: 609,662
Track CPST

CRAI 25.43

+0.32 +1.27%
Volume: 5,075
Track CRAI

FRPT 5.15

+0.15 +3.00%
Volume: 90,997
Track FRPT

NLY 17.46

-0.42 -2.35%
Volume: 22,212,875
Track NLY

PIKE 8.43

+0.27 +3.31%
Volume: 142,631
Track PIKE

RAX 17.28

+0.17 +0.99%
Volume: 424,950
Track RAX

TLCR 22.47

-0.08 -0.35%
Volume: 31,957
Track TLCR

TRW 22.22

+0.81 +3.78%
Volume: 446,087
Track TRW


Related Entities


Add Your Comment





Follow StreetInsider.com On Twitter