Notable Analyst Rating Changes 11/04: (FSLR) (CVS) (MCHP) Upgraded; (FTR) (CHS) (COH) Downgraded

November 4, 2011 11:19 AM EDT
UPGRADES
Lazard Capital upgrades First Solar (Nasdaq: FSLR) from Neutral to Buy.

Morgan Stanley lifts CVS Caremark (NYSE: CVS) from Equalweight to Overweight.

UBS raises Microchip Technology (Nasdaq: MCHP) from Neutral to Buy.

Global Hunter Securities boosts Transocean (NYSE: RIG) from Sell to Reduce with a price target of $46. Click Here for more color.

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DOWNGRADES
JPMorgan downgrades Frontier Communications (NYSE: FTR) from Overweight to Neutral, its price target cut from $10 to $6.

Chico's FAS (NYSE: CHS) lowered by two today:
  • Citi from Buy to Neutral; and

  • SunTrust Robinson Humphrey from Buy to Neutral.
Morgan Stanley reduces Coach (NYSE: COH) from Overweight to Equalweight.

Piper Jaffray cut Seattle Genetics (Nasdaq: SGEN) from Overweight to Neutral, maintaining a price target of $22.

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

NEW COVERAGE
Bernstein begins Yahoo! (Nasdaq: YHOO) with a Market Perform.

Global Hunter Securities initiates Schlumberger (NYSE: SLB) with an Accumulate, and $86 price target. Click Here for more color.

Bernstein assumes Netflix (Nasdaq: NFLX) at Market Perform.

Global Hunter Securities starts Weatherford International (NYSE: WFT) with a Neutral, and $17 price target. Click Here for more color.

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Piper Jaffray, UBS, JPMorgan, Citi, Morgan Stanley, Lazard, SunTrust Robinson Humphrey, Notable Analyst Rating Changes