Notable Analyst Rating Changes 04/12: (LVLT) (EIX) (BIIB) Upgraded; (WMS) (AON) (CSX) Downgraded

April 12, 2011 10:47 AM EDT
UPGRADES
UBS upgrades Level 3 Communications (Nasdaq: LVLT) from Sell to Neutral.

Barclays lifts Edison International (NYSE: EIX) from Equal Weight to Overweight and raised its price target from $41 to $43.

BofA/Merrill Lynch upgrades Biogen (Nasdaq: BIIB) from Neutral to Buy.

Buckingham Research raises Caterpillar (NYSE: CAT) from Neutral to Buy.

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

DOWNGRADES
WMS Industries (NYSE: WMS) lowered by two firms today:
  • Jefferies from Buy to Hold, with a price target cut from $54 to $36. Click Here for more color; and

  • Buckingham Research from Buy to Neutral, with a price target lowered from $52 to $36.
Sterne Agee lowers Aon Corp (NYSE: AON) from Buy to Neutral.

TD Newcrest reduces CSX (NYSE: CSX) from Buy to Hold, with an $86 price target. Click Here for more color.

Raymond James cuts InterOil Corporation (NYSE: IOC) from Outperform to Market Perform. Click Here for more color.

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

NEW COVERAGE
Piper Jaffray initiated coverage on shares of AVI BioPharma (Nasdaq: AVII) with an Overweight rating and a $3.50 price target.

Morgan Stanley begins Host Hotels (NYSE: HST) at Overweight, with a $21 price target.

JMP Securities initiates coverage on The Blackstone Group (NYSE: BX) with a Market Outperform, and $21 price target.

Morgan Stanley initiates Hyatt Hotels (NYSE: H) at Underweight, with $43 price target.

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

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Piper Jaffray, UBS, Raymond James, Morgan Stanley, Jefferies & Co, Sterne Agee, JMP Securities, Barclays, Buckingham Research, TD Newcrest, Notable Analyst Rating Changes