Notable Analyst Rating Changes 11/24: ABG, PRU, RS, AYI, AMLN, TLAB Upgraded; DELL, CIEN, UNP, ALV Downgraded

November 24, 2009 11:15 AM EST

UPGRADES:
Deutsche Bank upgrades Asbury Automotive (NYSE: ABG) from Hold to Buy. Price target to $14.50 from $13.50. Click here. for more color.

Wells Fargo upgrades Prudential Financial, Inc. (NYSE: PRU) from Market Perform to Outperform. Raises valuation range to $58-64 from $47-51 per share. Click here to see full color on the upgrade.

UBS upgrades Reliance Steel & Aluminum Co. (NYSE: RS) from Neutral to Buy.

Oppenheimer upgrades Acuity Brands Inc. (NYSE: AYI) from Perform to Outperform. The firm cited recent relative weakness and increased conviction on traction in market share strategies, other growth initiatives, and some areas of potential comparison benefits in FY10.

Barclays upgrades Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) from Equal Weight to Overweight and raised their price target from $16 to $22. Here is more color.

Soleil Securities upgrades Tellabs (NASDAQ: TLAB) from Hold to Buy. Price target $7.25. Click Here for more color.

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

DOWNGRADES:
First Global have downgraded shares of Dell (NASDAQ: DELL) from Moderate Outperform to Market Perform this morning. For more color, Click Here.

Jefferies & Co downgrades Ciena Corp (Nasdaq: CIEN) from Hold to Underperform.

UBS downgrades Union Pacific (NYSE: UNP) from Buy to Neutral. The firm maintained a $67 price target.

Bank of America downgrades Autoliv (NYSE: ALV) from Neutral to Underperform. Price target $38. KeyBanc also downgraded Autoliv Inc. from Buy to Hold. Price target $41. Click Here to see more color from KeyBanc.

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

NEW COVERAGE:
Wells Fargo initiates coverage on Activision Blizzard, Inc. (Nasdaq: ATVI) with an Outperform, $14-16 Valuation Range. Click Here for more color.

Morgan Joseph initiates coverage on St. Jude Medical Inc. (NYSE: STJ) with a Buy. Price target $42. For more color, Click Here.

Wells Fargo initiates coverage on Electronic Arts, Inc. (Nasdaq: ERTS) with a Market Perform rating. Price range $17-19. Click Here for more color.

Jefferies & Co initiates coverage Alpha Natural Resources (NYSE: ANR) with a Buy. Price target $50.

ThinkEquity initiates coverage on Allos Therapeutics (Nasdaq: ALTH) with a Buy rating.

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


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Stocks Mentioned

ABG 10.91

-0.09 -0.82%
Volume: 65,536
Track ABG

ALTH 6.88

-0.06 -0.86%
Volume: 66,142
Track ALTH

ALV 43.36

-0.83 -1.88%
Volume: 197,261
Track ALV

AMLN 17.21

-0.22 -1.26%
Volume: 249,173
Track AMLN

ANR 40.16

-1.67 -3.99%
Volume: 1,094,881
Track ANR

ATVI 10.20

+0.15 +1.49%
Volume: 6,846,613
Track ATVI

AYI 35.05

-0.75 -2.09%
Volume: 64,129
Track AYI

CIEN 13.07

-0.02 -0.15%
Volume: 1,212,656
Track CIEN

DELL 13.71

+0.16 +1.18%
Volume: 12,338,108
Track DELL

ERTS 15.80

-0.16 -1.00%
Volume: 4,353,579
Track ERTS

PRU 48.45

+0.09 +0.19%
Volume: 635,174
Track PRU

RS 40.57

-0.92 -2.22%
Volume: 118,062
Track RS

STJ 37.21

-0.49 -1.30%
Volume: 562,139
Track STJ

TLAB 6.39

-0.05 -0.78%
Volume: 831,348
Track TLAB

UNP 60.78

-0.96 -1.55%
Volume: 628,964
Track UNP


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