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Notable Analyst Rating Changes 12/22: (JNPR) (TIBX) (POT) Upgraded; (MANH) (KBH) (PAYX) Downgraded

December 22, 2011 11:32 AM EST
UPGRADES
BMO Capital boosts Juniper Networks (NYSE: JNPR) from Market Perform to Outperform.

Mizuho Securities lifts Tibco Software, Inc. (Nasdaq: TIBX) from Neutral to Buy.

RBC Capital upgrades Potash Corp. (NYSE: POT) from Sector Perform to Outperform, its price target lowered from $58 to $50.

Wunderlich Securities raises VMware (NYSE: VMW) from Hold to Buy, maintaining a price target of $95.

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

DOWNGRADES
Benchmark cuts Manhattan Associates, Inc. (Nasdaq: MANH) from Buy to Hold. Click Here for more color.

KB Home (NYSE: KBH) lowered by two today:
  • Stifel Nicolaus from Buy to Hold; and

  • Guggenheim from Neutral to Sell.
Macquarie reducesfrom Outperform to Neutral, price target lowered from $34 to $32.

Credit Agricole downgrades Paychex (Nasdaq: PAYX) from Underperform to Sell, price target maintained at $28.

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

NEW COVERAGE
Jefferies initiates Clearwire (Nasdaq: CLWR) with a Buy rating and $3 price target. Click Here for more color.

Ticonderoga begins EMC (NYSE: EMC) with a Buy, and $27 price target.

TripAdvisor (Nasdaq: TRIP) started by three Thursday:
  • Morgan Stanley with a Underweight, and $25 price target;

  • Lazard Capital at Buy, and price target of $35; and

  • Barclays with an Equalweight, and $30 price target.
Ticonderoga starts NetApp (Nasdaq: NTAP) with a Neutral.

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Stifel, Morgan Stanley, Jefferies & Co, BMO Capital, Lazard, RBC Capital, Barclays, Notable Analyst Rating Changes, Wunderlich Securities, Credit Agricole