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Notable Analyst Rating Changes 11/11: INTC, SVA, SCCO, MRT Upgraded; CSCO, AA, THOR, FTR Downgraded

November 11, 2010 11:25 AM EST
UPGRADES
Morgan Stanley upgrades Intel (Nasdaq: INTC) from Equal Weight to Overweight, setting a price target of $26 on the shares. Click here for more color.

Brean Murray Carret & Co. upgrades Sinovac Biotech (Nasdaq: SVA) from Hold to Buy, with a $5.50 price target.

BofA/Merrill Lynch upgrades Southern Copper (NYSE: SCCO) to Buy from its previous rating of Neutral.

Piper Jaffray upgrades Morton's (NYSE: MRT) from Neutral to Overweight, price target bumped from $6 to $7

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

DOWNGRADES
Cisco Systems (Nasdaq: CSCO) downgraded by several firms today:
  • Deutsche Bank from Buy to Hold with a price target diced form $28 to $22. Click Here for more color.

  • Lazard downgraded from Buy to Hold;

  • William Blair downgraded from Outperform to Market Perform;

  • Wunderlich downgraded from Buy to Hold, price target cut from $28 to $22; and

  • Mizuho downgraded from Outperform to Neutral, $28 price target suspended.
BMO Capital downgraded Alcoa (NYSE: AA) from Outperform to Market Perform, with a price target of $14.

Auriga downgraded Thoratec (Nasdaq: THOR) from to Hold, and price target lowered from $52 to $29.

Raymond James downgraded Frontier Communications (NYSE: FTR) to Market Perform from its previous rating of Strong Buy.

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

NEW COVERAGE
Jefferies initiates coverage on Huntington Bancshares (Nasdaq: HBAN) with a Buy rating and a price target of $7. Click Here for more color.

Morgan Stanley initiates coverage on THQ Inc. (Nasdaq: THQI) with an Equalweight, with a price target of $5.

Macquarie initiates coverage on Yahoo! (Nasdaq: YHOO) with a Neutral, and $18 price target.

SunTrust Robinson Humphrey initiates coverage on Pentair (NYSE: PNR) with a Buy rating, setting a price target of $40.

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

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Piper Jaffray, Deutsche Bank, Brean Murray Carret & Co., William Blair, Raymond James, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, BMO Capital, Lazard, SunTrust Robinson Humphrey, Notable Analyst Rating Changes, Auriga

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