Notable Analyst Rating Changes 10/02: (PCS) (ARMH) (LEAP) Upgraded; (OPEN) (DMND) (INTC) Downgraded

November 2, 2011 11:06 AM EDT
UPGRADES
JPMorgan upgrades MetroPCS (NYSE: PCS) from Neutral to Overweight, its price target lowered from $18 to $11.

BMO Capital lifts ARM Holdings (Nasdaq: ARMH) from Market Perform to Outperform.

JPMorgan boosts Leap Wireless (Nasdaq: LEAP) from Neutral to Overweight, maintains price target of $12.

Goldman Sachs lifts Under Armour, Inc. (NYSE: UA) from Neutral to Buy, its price target moves from $84 to $99. Click Here for more color.

Piper Jaffray ups Corinthian Colleges (Nasdaq: COCO) from Underweight to Neutral, its price target raised from $3 to $5.

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

DOWNGRADES
OpenTable (Nasdaq: OPEN) lowered by two:
  • BofA/Merrill Lynch from Buy to Neutral; and

  • Morgan Keegan from Outperform to Market Perform.
Diamond Foods (Nasdaq: DMND) lowered by four firms:
  • Janney Montgomery Scott from Buy to Neutral, maintains price target of $97;

  • Northland Securities from Outperform to Market Perform, price target lowered from $100 to $57;

  • BofA/Merrill Lynch from Buy to Neutral; and

  • RBC Capital from Outperform to Sector Perform with a price target cut from $87 to $60.
BMO Capital cuts Intel (Nasdaq: INTC) from Outperform to Market Perform.

Goldman Sachs downgraded AnnTaylor Stores (NYSE: ANN) from Neutral to Sell, its price target moves from $25 to $23. Click Here for more color.

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

NEW COVERAGE
Morgan Stanley initiates Caterpillar (NYSE: CAT) with a Overweight, and $125 price target.

JMP Securities starts F5 Networks (Nasdaq: FFIV) with a Market Outperform, and $140 price target.

BMO Capital assumes Sysco (NYSE: SYY) with a Market Perform, and price target of $28.

UBS starts Monsanto (NYSE: MON) at Neutral, and $7 price target.

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

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Piper Jaffray, UBS, JPMorgan, Morgan Stanley, BMO Capital, RBC Capital, Janney Montgomery Scott, JMP Securities, Morgan Keegan & Company, Notable Analyst Rating Changes, Northland Securities