Notable Analyst Rating Changes 11/17: (AMT) (MU) (LULU) Upgraded; (MRVL) (NTAP) (RMBS) Downgraded

November 17, 2011 11:12 AM EST
UPGRADES
Goldman Sachs adds American Tower (NYSE: AMT) to its Conviction Buy with a price target of $71. Click Here for more color.

Micron Technology (Nasdaq: MU) upgraded by two today:
  • MKM Partners from Neutral to Buy; and

  • Oppenheimer from Perform to Outperform.
Stifel Nicolaus lifts Lululemon Athletica Inc. (Nasdaq: LULU) from Hold to Buy.

Brigantine Advisors lifts Research In Motion (Nasdaq: RIMM) by two notches from Sell to Buy, boosting its price target from $20 to $25.

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

DOWNGRADES
JMP Securities lowers Marvell (Nasdaq: MRVL) from Market Perform to Market Underperform, with a new price target of $12.50.

NetApp (Nasdaq: NTAP) lowered by three Thursday:
  • Collins Stewart to Hold with a price target of $40. Click Here for more color.

  • Craig-Hallum from Buy to Neutral, price target cut from $48 to $40; and

  • Raymond James from Strong Buy to Market Perform.
JPMorgan downgrades Rambus Inc. (Nasdaq: RMBS) from Overweight to Neutral, price target cut from $21 to $11.50.

SunTrust Robinson Humphrey cuts Bank of New York Mellon (NYSE: BK) from Buy to Neutral, maintains price target of $31

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

NEW COVERAGE
Jefferies initiates Sprint (NYSE: S) with a Underperform, and $2.50 price target. Click Here for more color.

JPMorgan begins Exelis (NYSE: XLS) with a Neutral, and $11 price target.

Jefferies starts Verizon Communications (NYSE: VZ) with a Buy, and $45 price target. Click Here for more color.

HSBC assumes Carnival Corporation (NYSE: CCL) at Neutral, and $34 price target.

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

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Stifel, JPMorgan, Raymond James, Jefferies & Co, Collins Stewart, JMP Securities, SunTrust Robinson Humphrey, HSBC, Notable Analyst Rating Changes