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Notable Analyst Rating Changes 11/29: (LCC) (RIMM) (DNR) Upgraded; (PPL) (NBR) (ZION) Downgraded

November 29, 2011 11:18 AM EST
UPGRADES
Citi upgrades US Airways Group (NYSE: LCC) from Sell to Neutral, its price target lowered from $4.50 to $4.30.

Bernstein lifts Research In Motion Ltd. (Nasdaq: RIMM) from Underperform to Market Perform with a price target of $16 (down form $20). Notably, Laszlo Birinyi also called RIM one of his "top picks" in a CNBC interview earlier.

SunTrust Robinson Humphrey raises Denbury Resources (NYSE: DNR) from Neutral to Buy with a new price target of $20.

RBC Capital lifts Hewlett-Packard (NYSE: HPQ) from Sector Perform to Outperform, maintaining a price target of $32.

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

DOWNGRADES
Barclays downgrades PPL Corp (NYSE: PPL) from Overweight to Equalweight, price target cut from $32 to $30.

Jefferies reduces Nabors (NYSE: NBR) from Buy to Hold with a price target of $19 (down from $22). Click Here for more color.

Macquarie lowers Zions Bancorp (Nasdaq: ZION) from Outperform to Neutral.

Jefferies cuts Patterson-UTI Energy (Nasdaq: PTEN) to Hold with a price target of $22 (down from $25). Click Here for more color.

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

NEW COVERAGE
Jefferies initiates Halliburton (NYSE: HAL) with a Buy, and $47 price target. Click Here for more color.

MKM Partners starts Merck (NYSE: MRK) with a Buy, and $38 price target.

Scotia Capital assumes Qualcomm (Nasdaq: QCOM) at Outperform.

UBS begins DuPont (NYSE: DD) with a Neutral, and $44.50 price target.

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

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UBS, Citi, Jefferies & Co, RBC Capital, SunTrust Robinson Humphrey, Barclays, Notable Analyst Rating Changes