Notable Analyst Rating Changes 08/29: (AMR) (DRC) (ALL) Upgraded; (SPLS) (BWEN) (RHI) Downgraded

August 29, 2011 10:51 AM EDT
UPGRADES
Ticonderoga lifts AMR Corp (NYSE: AMR) from Sell to Neutral.

CapitalOne upgrades Dresser-Rand Group (NYSE: DRC) from Neutral to Add, nudging its price target from $52 to $54.

Sandler O’Neill raises Allstate (NYSE: ALL) from Hold to Buy, its price target of $30 mainatined.

ISI Group lifts O'Reilly Automotive (Nasdaq: ORLY) from Sell to Hold.

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

DOWNGRADES
ISI Group downgrades Staples, Inc. (Nasdaq: SPLS) from Buy to Hold.

Macquarie lowers Broadwind Energy (Nasdaq: BWEN) from Outperform to Neutral, price target lowered from $3 to $1.50.

Citi reduces Robert Half (NYSE: RHI) from Buy to Hold, price target lowered from $40 to $25.

BofA/Merrill Lynch cuts Royal Bank of Canada (NYSE: RY) from Buy to Neutral.

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

NEW COVERAGE
Zillow (Nasdaq: Z) coverage begun at three firms:
  • Citi with a Buy, and a $36.00 price target;

  • Pacific Crest with a Sector Perform; and

  • ThinkEquity with a Hold, and $31 price target.
Skullcandy (Nasdaq: SKUL) started by several firms:
  • Jefferies at Buy, with a $22 price target. Click Here for more color;

  • KeyBanc with a Buy, and price target of $20. Click Here for more color;

  • Morgan Stanley with a Overweight and $20 price target; and

  • Raymond James with a Strong Buy and price target of $20.
Leerink Swann starts Pharmacyclics (Nasdaq: PCYC) with an Outperform and $16 price target. Click Here for more color.

BofA/Merrill Lynch begins BlackRock (NYSE: BLK) with a Buy, and $216 price target.

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

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Citi, KeyBanc, Raymond James, Morgan Stanley, Jefferies & Co, ThinkEquity, Pacific Crest Securities, Notable Analyst Rating Changes