Notable Analyst Rating Changes 05/24: (KBR) (TIVO) (MOS) Upgraded; (RIMM) (CIM) (HPQ) Downgraded

May 24, 2011 10:48 AM EDT
UPGRADES
Goldman Sachs added KBR, Inc. (NYSE: KBR) to its Conviction Buy List while maintaining their $47 price target. Click Here for more color.

Lazard Capital lifts TiVo (Nasdaq: TIVO) from Hold to Buy.

Credit Suisse ups Mosaic (NYSE: MOS) from Neutral to Outperform, with a price target boosted from $81 to $85.

First Global raises Dell (Nasdaq: DELL) from Market Perform to Moderate Outperform. Click Here for more color.

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DOWNGRADES
Wunderlich Securities lowers Research In Motion Ltd. (Nasdaq: RIMM) from Buy to Hold, slashing its price target nearly 40 percent, from $76 to $46.

Jefferies lowers Chimera Investment Corp (NYSE: CIM) from Buy to Hold, reducing its price target form $4.50 to $3.80. Click Here for more color.

Morgan Stanley reduces Hewlett-Packard (NYSE: HPQ) from Overweight to Equalweight. Click Here for more color.

Gleacher & Co. downgraded ProLogis (NYSE: PLD) from Neutral to Sell, with a price target of $13.

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

NEW COVERAGE
Goldman Sachs initiates Motorola Solutions Inc. (NYSE: MSI) with a Buy rating and $57 price target. Click Here for more color.

Zipcar (Nasdaq: ZIP) started by several firms today:
  • Goldman Sachs with a Neutral rating and $24 price target. Click Here for more color;

  • Oppenheimer with an Outperform, and $30 price target;

  • JPMorgan at Neutral, and $29.50 price target; and

  • Cowen with an Outperform.
Arcos Dorados (NYSE: ARCO) also started by several today:
  • JPMorgan with a Neutral, and price target of $23;

  • Morgan Stanley at Overweight, and $26 price target;

  • BofA/Merrill Lynch at Buy rating, $27 price target; and

  • Citi with a Buy, and price target of $29.
Morgan Keegan starts Zix Corp. (NASDAQ: ZIXI) at Outperform, and $5 price target.

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Goldman Sachs Conviction Buy List, Credit Suisse, JPMorgan, Citi, Morgan Stanley, Jefferies & Co, Lazard, Morgan Keegan & Company, Notable Analyst Rating Changes, Cowen & Co, Wunderlich Securities