Notable Analyst Rating Changes 03/29: (WAG) (BWC) (MAR) Upgraded; (BP) (ATPG) (PM) Downgraded

March 29, 2011 10:55 AM EDT
UPGRADES
Credit Suisse ups Walgreen Co. (NYSE: WAG) from Neutral to Outperform, setting a $46 price target. Click Here for more color.

Goldman Sachs lifts Babcock & Wilcox (NYSE: BWC) from Neutral to Buy, boosting its price target to $39. Click Here for more color.

Wells Fargo upgrades Marriott International (NYSE: MAR) from Market Perform to Outperform, with a valuation range of $41.00 to $43.00.

Citi raises SAFEWAY (NYSE: SWY) from Sell to Hold, with its price target increased from $18 to $24.

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

DOWNGRADES
Collins Stewart cuts shares of BP (NYSE: BP) from Hold to Sell. Click Here for more color.

Global Hunter Securities lowers ATP Oil & Gas (Nasdaq: ATPG) from Neutral to Reduce, lowering its price target from $16 to $14. Click Here for more color.

UBS downgraded Philip Morris (NYSE: PM) from Buy to Neutral.

GSI Commerce (Nasdaq: GSIC) downgraded by a badelynge of firms today:
  • Janney Montgomery Scott from Buy to Neutral with a $35 price target. Click Here for more color;

  • ThinkEquity from Buy to Hold, with a $32 price target;

  • UBS from Buy to Neutral. Click Here for more color;

  • Macquarie from Outperform to Neutral;

  • Wedbush from Outperform to Neutral, with a price target lowered from $33 to $29.25. Click Here for more color; and

  • Lazard Capital from Buy to Hold.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
BofA/Merrill Lynch initiates Copart (Nasdaq: CPRT) with a Buy, with a $50 price target.

Brean Murray Carret & Co. starts Gulf Resources (Nasdaq: GFRE) with a Buy, and price target of $10. Click Here for more color.

Global Hunter Securities begins Parker Drilling (NYSE: PKD) with a Buy, and $9 price target.

Gabelli initiates coverage on Universal Display (Nasdaq: PANL) with a Buy, and $75 price target.

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

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Credit Suisse, Brean Murray Carret & Co., UBS, Citi, ThinkEquity, Lazard, Collins Stewart, Janney Montgomery Scott, Notable Analyst Rating Changes, Wells Fargo