Notable Analyst Rating Changes 11/01: (C) (AGP) (TSPT) Upgraded; (ALU) (NVDA) (BCS) Downgraded

November 1, 2011 11:04 AM EDT
UPGRADES
Credit Suisse upgrades Citi (NYSE: C) from Neutral to Outperform, with a price target of $48.

BofA/Merrill Lynch lifts AMERIGROUP (NYSE: AGP) from Underperform to Neutral.

McNicoll Lewis & Vlak boosts Transcept Pharmaceuticals (Nasdaq: TSPT) from Hold to Buy with a price target of $21. Click Here for more color.

JPMorgan raises Post Properties (NYSE: PPS) from Underweight to Neutral, maintaining a price target of $34.

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

DOWNGRADES
Alcatel-Lucent (NYSE: ALU) lowered by two firms Tuesday:
  • JPMorgan from Overweight to Neutral; and

  • MKM Partners from Buy to Neutral, price target lowered from $5 to $3.
Canaccord Genuity downgrades NVIDIA (Nasdaq: NVDA) from Buy to Hold, price target lowered from $18 to $15. Click Here for more color.

UBS lowers Barclays (NYSE: BCS) from Buy to Neutral.

Ticonderoga cut Legg Mason (NYSE: LM) from Neutral to Sell with a new price target of $22.

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

NEW COVERAGE
MKM Partners initiates Cisco (Nasdaq: CSCO) with a Buy, and $25 price target.

Deutsche Bank starts Gold Fields (NYSE: GFI) at Hold. Click Here for more color.

Global Hunter Securities initiates coverage on Valero Energy (NYSE: VLO) with an Accumulate, and $33 price target.

Piper Jaffray initiates coverage on Universal Display (Nasdaq: PANL) with an Underweight, and $36 price target.

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

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Credit Suisse, Piper Jaffray, Deutsche Bank, UBS, JPMorgan, Citi, Barclays, Notable Analyst Rating Changes