Notable Analyst Rating Changes 06/27: (ASML) (SINA) (HCBK) Upgraded; (TGT) (CSCO) (PHG) Downgraded

June 27, 2011 10:42 AM EDT
UPGRADES
ASML Inc. (Nasdaq: ASML) upgraded by two today:
  • Natixis from Neutral to Buy; and

  • BofA/Merrill Lynch also from Neutral to Buy.
Goldman Sachs boosts SINA Corporation (Nasdaq: SINA) from Sell to Neutral, seeing limited downside to their $87 price target. Click Here for more color.

FBR Capital lifts Hudson City Bancorp (Nasdaq: HCBK) from Underperform to Market Perform, its price target cut from $10 to $9. Click Here for more color.

Goldman Sachs lifts ConAgra (NYSE: CAG) from Neutral to Buy and raised their price target from $28 to $31. Click Here for more color.

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

DOWNGRADES
Janney Capital downgrades shares of Target (NYSE: TGT) from Buy to Neutral. Click Here for more color.

Cowen cuts Cisco (Nasdaq: CSCO) from Outperform to Neutral.

Nomura Securities reduces Philips Electronics (NYSE: PHG) from Buy to Neutral.

Ticonderoga lowers Molex Incorporated (Nasdaq: MOLX) from Neutral to Sell, setting a new price target of $20.

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

NEW COVERAGE
Brean Murray Carret & Co. initiates NetApp (Nasdaq: NTAP) with a Buy, and $60 price target. Click Here for more color.

JPMorgan starts Crown Holdings (NYSE: CCK) with an Overweight rating and a $48 price target.

Barclays commences DreamWorks Animation (Nasdaq: DWA) with an Underweight rating and an $18 price target.

JPMorgan begins Ball Corp. (NYSE: BLL) with a Neutral rating and a $46 price target.

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

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Brean Murray Carret & Co., JPMorgan, Barclays, Nomura, Notable Analyst Rating Changes, Cowen & Co