Notable Analyst Rating Changes 04/20: (PCG) (BK) (CBST) Upgraded; (BBBB) (CREE) (ADBE) Downgraded

UPGRADES
Goldman Sachs upgraded PG&E Corporation (NYSE: PCG) to Conviction Buy. Click Here for more color.

Sandler O’Neill upgraded Bank of New York Mellon (NYSE: BK) from Hold to Buy.

Oppenheimer upgraded Cubist Pharmaceuticals (Nasdaq: CBST) from Perform to Outperform, and $37 price target.

Miller Tabak upgraded Dolby Laboratories (NYSE: DLB) from Neutral to Buy, and $57 price target. Click Here for more color.

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

DOWNGRADES
Blackboard (Nasdaq: BBBB) receives a downgrade from a cackle of firms today:

• BofA/Merrill Lynch from Buy to Underperform;
  
  
• Baird from Outperform to Neutral, and price target of $50;
  
  
• Raymond James from Strong Buy to Outperform; and
  
  
• Craig-Hallum from Buy to Accumulate, increasing its price target from $49 to $55.

Cree (Nasdaq: CREE) also downgraded by a lap of firms:

• Kaufman Bros. from Hold to Sell, price target reduced from $40 to 429;
  
  
• Wunderlich from Buy to Hold, target cut from $80 to $40;
  
  
• Merriman from Buy to Neutral; and
  
  
• Caris from Above Average to Average.

FBR Capital downgraded Adobe (Nasdaq: ADBE) from Market Perform to Underperform, with its price target lowered from $33 to $28. Click Here for more color.

Ticonderoga downgraded Juniper Networks (NYSE: JNPR) from Buy to Neutral. Click Here for more color.

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

NEW COVERAGE
Evercore Partners commences coverage on Red Hat (NYSE: RHT) with a Equal Weight, and $48 price target.

Morgan Keegan begins Kinder Morgan (NYSE: KMI) with an Outperform, and $33 price target.

Credit Suisse initiates CreXus Investment Corp. (NYSE: CXS) with an Outperform, and price target of $13.

Feltl & Co starts ValueVision Media (Nasdaq: VVTV) at Strong Buy rating and $7.50 price target.

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

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