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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Stocks Mentioned

AXYS 53.56

-0.04 -0.07%
Volume: 125,966
Track AXYS

CVD 29.83

-18.95 -38.85%
Volume: 445,531
Track CVD

EMC 26.39

+13.25 +100.84%
Volume: 439,676
Track EMC

PTI 25.09

+14.00 +126.24%
Volume: 455,480
Track PTI

SINA 28.64

-0.61 -2.09%
Volume: 1,091,112
Track SINA

SSCC 0.03

+0.00 +0.00%
Volume: 25,219,596
Track SSCC

STX 10.28

-0.32 -3.02%
Volume: 6,634,807
Track STX

VTIV 13.19

-0.56 -4.07%
Volume: 173,430
Track VTIV


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