Notable Analyst Rating Changes: ATVI Up; XMSR, PAY Down
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Notable Analyst Rating Changes:
UPGRADES:
Lehman Bros. upgrades Activision (Nasdaq: ATVI) from Equalweight to Overweight.
Benchmark upgrades New York Times (NYSE: NYT) from Hold to Buy.
ThinkEquity upgrades VASCO Data Security International (Nasdaq: VDSI) from Source of Funds to Buy. Price target $30.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Goldman Sachs downgrades XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) from Neutral to Sell.
Merrill Lynch downgrades VeriFone (NYSE: PAY) from Buy to Neutral.
Punk Ziegel downgrades Lehman Brothers (NYSE: LEH), Bear Stearns (NYSE: BSC) and Goldman Sachs (NYSE: GS) from Market Perform to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Merrill Lynch reinstates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy.
Deutsche Bank and Jefferies & Co. both initiate coverage on Longtop Financial Technologies (NYSE: LFT) with a Buy rating.
Banc of America resumes coverage on retailers, including:
Pacific Sunwear (Nasdaq: PSUN), Zumiez (Nasdaq: ZUMZ) and Urban Outfitters (Nasdaq: URBN) at Buy.
Charlotte Russe (Nasdaq: CHIC), Chico's FAS (NYSE: CHS), Christopher & Banks (NYSE: CBK), Coldwater Creek (Nasdaq: CWTR), bebe stores (Nasdaq: BEBE) and Tween Brands (NYSE: TWB) at Neutral.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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