Notable Analyst Rating Changes 04/28: (ERIC) (RIG) (GTI) Upgraded; (COP) (URBN) (SFD) Downgraded

April 28, 2011 11:16 AM EDT
UPGRADES
LM Ericsson (Nasdaq: ERIC) upgraded by two today:
  • Deutsche Bank from Sell to Buy, increasing its price target from SEK65 to SEK110. Click Here for more color; and

  • JPMorgan from Underweight to Neutral.
Duncan Williams upgraded Transocean (NYSE: RIG) from Reduce to Strong Buy. Click Here for more color.

JPMorgan raises GTX Inc. (NYSE: GTI) from Neutral to Overweight, with a price target increased from $21.50 to $28.

BofA/Merrill Lynch boosts NuVasive (Nasdaq: NUVA) from Neutral to Buy, raising their price target from $29 to $34.

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

DOWNGRADES
Deutsche Bank lowered ConocoPhillips (NYSE: COP) to Hold. Click Here for more color.

William Blair cuts Urban Outfitters, Inc. (Nasdaq: URBN) from Outperform to Market Perform.

Deutsche Bank downgrades Smithfield Foods (NYSE: SFD) from Buy to Hold.

Goldman Sachs reduces General Maritime (NYSE: GMR) from Neutral to Sell. Click Here for more color.

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

NEW COVERAGE
Jefferies initiates Chevron (NYSE: CVX) with a Buy rating and $125 price target. Click Here for more color.

William Blair starts Salix Pharmaceuticals (Nasdaq: SLXP) with an Outperform.

Brean Murray Carret & Co. begins Baidu (Nasdaq: BIDU) with a Buy rating and $170 price target.

Roth Capital commences ZAGG Incorporated (Nasdaq: ZAGG) with a Buy, and $12 price target.

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

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Deutsche Bank, Brean Murray Carret & Co., William Blair, JPMorgan, Jefferies & Co, Roth Capital, Notable Analyst Rating Changes