Notable Analyst Rating Changes 12/23: AXYS, PTI Upgraded; SSCC, SINA, VTIV Downgraded

December 23, 2008 9:42 AM EST

UPGRADES:
Morgan Keegan upgrades Axsys Technologies (Nasdaq: AXYS) from Market Perform to Outperform.

UBS upgrades Patni Computer Systems (NYSE: PTI) from Neutral to Buy.

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

DOWNGRADES:
Deutsche Bank downgrades Smurfit-Stone Container (NASDAQ: SSCC) from Buy to Hold with a $1 price target.

Susquehanna downgrades SINA Corporation (Nasdaq: SINA) from Positive to Neutral.

Jefferies & Co downgrades inVentiv (Nasdaq: VTIV) from Buy to Hold.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Covance Inc. (NYSE: CVD) with a Buy. Price target $53.

Sterne, Agee & Leach initiates coverage on Bank of America Corporation (BAC) with a Sell rating and $10 price target.

Collins Stewart initiates coverage on Seagate Technology (NYSE: STX) with a Buy. Price target $6.

Collins Stewart initiates coverage on EMC Corp (NYSE: EMC) with a Buy. Price target $14.

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

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• Piper Jaffray
• Deutsche Bank
• UBS
• Jefferies & Co
• Bank of America
• Collins Stewart
• Sterne Agee
• Morgan Keegan & Company
• Susquehanna International Group of Companies
• Notable Analyst Rating Changes

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