Notable Upgrades/Downgrades/New Coverage 07/21

NOTABLE UPGRADES:
Stifel Nicolaus upgrades Bucyrus International Inc. (Nasdaq: BUCY) from Hold to Buy with a $56 price target.

Goldman Sachs upgraded Citrix Systems (Nasdaq: CTXS) from Neutral to Buy

Deutsche Bank upgrades Brightpoint (Nasdaq: CELL) from Hold to Buy with a $17.50 price target.

NOTABLE DOWNGRADES:
JPMorgan downgrades SAP AG (NYSE: SAP) from Overweight to Underweight

Bear Stearns downgrades Thornburg Mortgage Inc. (NYSE: TMA) from Outperform to Peer Perform and cuts its price target to $26.

Lehman Brothers downgrades Amylin (Nasdaq: AMLN) from Overweight to Equal Weight with a $51 price target.

NOTABLE NEW COVERAGE:
Citigroup initiates coverage on Intuit (Nasdaq: INTU) with a Buy rating and $36 price target.

JP Morgan initiates coverage on Sonic Automotive (NYSE: SAH) with an Underweight rating.

Deutsche Bank initiates coverage on Palm (Nasdaq: PALM) with a Hold rating and $14 price target.

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