Notable Analyst Rating Changes 2/12: SLB, TWX, LCAPA Upgraded; MBI, PNM, BHI Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Bear Stearns upgrades Schlumberger (NYSE: SLB) from Peer Perform to Outperform.
UBS upgrades Time Warner (NYSE: TWX) from Neutral to Buy.
Lehman Bros. upgrades Liberty Media (Nasdaq: LCAPA) from Equalweight to Overweight, citing positive catalysts. Price target increased to $145 from $133.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Piper Jaffray downgrades MBIA Inc. (NYSE: MBI) from Buy to Neutral and lowers its price target from $17 to $15.
Lehman Brothers and Citi downgrade PNM Resources (NYSE: PNM) to Equalweight and Hold, respectively.
UBS downgrades Baker Hughes (NYSE: BHI) from Buy to Neutral. Price target $72.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Deutsche Bank initiates coverage on Capstead Mortgage (NYSE: CMO) with a Buy rating and an $18 price target.
BMO Capital initiates coverage on Bionovo (Nasdaq: BNVI) with a Market Perform rating. Price target $3.50.
Needham & Co initiates coverage on Synchronoss Technologies (Nasdaq: SNCR) with a Buy. Price target $24.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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