Notable Analyst Rating Changes 08/16: (S) (PPL) (ARO) Upgraded; (MMI) (RIMM) (DIS) Downgraded

August 16, 2011 10:59 AM EDT
UPGRADES
ollins Stewart upgrades Sprint (NYSE: S) to Buy with a price target of $5. Click Here for more color.

Goldman Sachs adds PPL Corp (NYSE: PPL) to Conviction Buy with a price target of $31. Click Here for more color.

Jefferies lifts Aeropostale, Inc. (NYSE: ARO) from Underperform to Hold with a price target of $12. Click Here for more color.

RBC Capital lifts Life Technologies (Nasdaq: LIFE) from Sector Perform to Outperform, maintains price target of $52.

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

DOWNGRADES
Motorola Mobility (NYSE: MMI) lowered by a gaggle of firms today:
  • Goldman Sachs from Buy to Neutral with a price target of $37. Click Here for more color;

  • Evercore Partners from Overweight to Equalweight, its price target raised from $32 to $40;

  • UBS from Buy to Neutral;

  • BMO Capital from Underperform to Market Perform, raising its price target from $18 to $40;

  • MKM Partners from Buy to Neutral with a price target of $40;

  • Argus from Hold to Sell;

  • Raymond James from Strong Buy to Underperform; and

  • Gabelli from Buy to Hold.
Societe Generale downgrades Research In Motion Ltd. (Nasdaq: RIMM) from Hold to Sell, reducing its price target from $50 to $20.

BofA/Merrill Lynch cuts Walt Disney (NYSE: DIS) from Buy to Neutral.

Macquarie reduces Time Warner Cable (NYSE: TWC) from Outperform to Neutral, its price target lowered from $90 to $75.

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

NEW COVERAGE
Macquarie starts Aon Corp (NYSE: AON) with an Outperform, and $57 price target.

Capstone Investments initiates Constellation Brands (NYSE: STZ) with a Buy, and price target of $25.

Morgan Keegan resumes salesforce.com (NYSE: CRM) at Outperform, and $165 price target.

Nomura Securities begins Expedia (Nasdaq: EXPE) with a Neutral and $32 price target. Click Here for more color.

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

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UBS, Raymond James, Jefferies & Co, BMO Capital, RBC Capital, Argus, Nomura, Morgan Keegan & Company, Notable Analyst Rating Changes, Capstone Investments