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Notable Analyst Rating Changes 06/30: (EBAY) (ALU) (VOD) Upgraded; (KBH) (MERC) (LULU) Downgraded

June 30, 2011 10:23 AM EDT
UPGRADES
eBay (Nasdaq: EBAY) upgraded by two firms this morning:
  • BofA/Merrill Lynch from Neutral to Buy; and

  • Citi from Hold to Buy with a $38 price target.Click Here for more color.
UBS lifts Alcatel-Lucent (NYSE: ALU) from Neutral to Buy.

RBS raises Vodafone (Nasdaq: VOD) from Hold to Buy.

Nomura Securities upgrades The TJX Companies (NYSE: TJX) from Neutral to Buy, raising their price target from $50 to $60.

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

DOWNGRADES
Ticonderoga downgrades KB Home (NYSE: KBH) from Buy to Neutral.

Raymond James lowers Mercer International (Nasdaq: MERC) from Strong Buy to Outperform with a $17 price target.

Sterne Agee redues Lululemon Athletica Inc. (Nasdaq: LULU) from Buy to Neutral.

Needham & Company downgrades Bel Fuse (Nasdaq: BELFB) from Buy to Hold. Click Here for more color.

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

NEW COVERAGE
Avian Securities initiates JA Solar Holdings Co., Ltd. (Nasdaq: JASO) with a Neutral.

Barclays reinstates Tenet Healthcare (NYSE: THC) at Overweight rating and $8 price target.

Needham & Company begins Yahoo! (Nasdaq: YHOO) with a Buy, and price target of $19. Click Here for more color.

Evercore Partners starts Intel (Nasdaq: INTC) with a Equal Weight and $24 price target.

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

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