Notable Analyst Rating Changes 05/06: (C) (PEP) (HK) Upgraded; (PCLN) (FDO) (DLB) Downgraded

May 6, 2011 10:56 AM EDT
UPGRADES
Morgan Stanley lifts Citi (NYSE: C) from Equal Weight to Overweight. Click Here for more color.

Credit Suisse upgrades Pepsico (NYSE: PEP) from Neutral to Outperform, with a price target increased from $69 to $85.

Tudor Pickering lifts Petrohawk (NYSE: HK) from Hold to Accumulate.

Pritchard Capital upgraded Continental Resources (NYSE: CLR) to Buy. Click Here for more color.

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

DOWNGRADES
Goldman Sachs downgrades priceline.com (Nasdaq: PCLN) from Buy to Neutral, whilst maintaining their $600 price target. Click Here for more color.

Cowen lowers Family Dollar Stores Inc. (NYSE: FDO) from Outperform to Neutral.

Dolby Laboratories (NYSE: DLB) lowered by tres las empresas:
  • Brigantine Advisors from Buy to Hold;

  • Miller Tabak from Buy to Neutral, lowering its price target from $57 to $53; and

  • Canaccord Genuity from Buy to Hold, and a price target lowered from $69 to $54.
Caris & Co. downgraded Aeropostale, Inc. (NYSE: ARO) from Above Average to Average, their price target lowered from $29 to $24.

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

NEW COVERAGE
Auriga assumes Sequenom (Nasdaq: SQNM) with a Buy rating and $7 price target. Click Here for more color.

Janney Montgomery Scott initiates Barnes and Noble (NYSE: BKS) with a Buy, and $20 price target. Click Here for more color.

UBS begins Sky-mobi Limited (Nasdaq: MOBI) with a Buy, with a price target of $20.

Davenport starts RPX Corp (Nasdaq: RPXC) with a Buy, and price target of $31.

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

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Credit Suisse, UBS, Citi, Morgan Stanley, Davenport, Janney Montgomery Scott, Notable Analyst Rating Changes, Cowen & Co, Auriga