Notable Analyst Rating Changes 07/11: (WFM) (LRCX) (MSCC) Upgraded; (CX) (NTSP) (AMD) Downgraded

July 11, 2011 10:57 AM EDT
UPGRADES
Goldman Sachs lifts Whole Foods Market (Nasdaq: WFM) from Neutral to Buy and added the stock to their Buy list. Goldman also set a $76 price target.

Citi upgrades Lam Research (Nasdaq: LRCX) from Sell to Buy, increasing its price target from $43 to $62.

Oppenheimer boosts Microsemi Corporation (Nasdaq: MSCC) from Perform to Outperform, and $28 price target.

JPMorgan raises Fossil (Nasdaq: FOSL) from Neutral to Overweight, setting a new $150 price target.

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

DOWNGRADES
CEMEX (NYSE: CX) lowered by two today:
  • Credit Suisse from Outperform to Underperform; and

  • Scotia Capital from Outperform to Sector Perform, its price target lowered from $12 to $10.
Goldman Sachs cuts NetSpend (Nasdaq: NTSP) from Buy to Neutral and maintained their $10 price target.

JMP Securities reduces Advanced Micro (NYSE: AMD) from Market Perform to Market Underperform, setting a new $4.50 price target.

BofA/Merrill Lynch lowers Virgin Media (Nasdaq: VMED) from Neutral to Underperform, its price target lowered from $29.50 to $25.

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

NEW COVERAGE
Brean Murray Carret & Co. initiates Comcast Corp (Nasdaq: CMCSA) with a Buy, and $32 price target. Click Here for more color.

JPMorgan resumes Caterpillar (NYSE: CAT) at Overweight, and $139 price target.

Barclays commences Ariba (Nasdaq: ARBA) at Overweight, and $44 price target.

Morgan Joseph starts shares of Bacterin International (NYSE: BONE) with a Buy rating and $4.50 price target.

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

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Credit Suisse, Brean Murray Carret & Co., JPMorgan, Citi, Morgan Joseph, JMP Securities, Barclays, Notable Analyst Rating Changes