Notable Analyst Rating Changes 11/23: (MDT) (JASO) (SNH) Upgraded; (FRO) (BIG) (JNY) Downgraded

UPGRADES
BofA/Merrill Lynch ups Medtronic, Inc. (NYSE: MDT) from Neutral to Buy.

Wells Fargo lifts JA Solar Holdings Co., Ltd. (Nasdaq: JASO) from Underperform to Market Perform, setting a price target range $1.10 to $1.60. Click Here for more color.

Stifel Nicolaus boosts Senior Housing Properties Trust (NYSE: SNH) from Hold to Buy with a new price target of $23.

HSBC raises Veolia Environnement (NYSE: VE) from Neutral to Overweight.

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

DOWNGRADES
FBR Capital downgrades Frontline Ltd. (NYSE: FRO) from Market Perform to Underperform, price target cut from $5.50 to $1.50.

Barclays cuts Big Lots (NYSE: BIG) from Overweight to Equalweight, maintains price target of $38.

Lazard Capital reduces Jones Apparel Group (NYSE: JNY) from Buy to Neutral.

Pacific Crest lowers Renren Inc (NYSE: RENN) from Outperform to Sector Perform.

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

NEW COVERAGE
Baird initiates Informatica (Nasdaq: INFA) with a Neutral, and $50 price target.

Macquarie starts Goldman Sachs (NYSE: GS) with a Neutral, and price target of $100.

Ubiquiti Networks (Nasdaq: UBNT) started at Buy by several firms:

• ThinkEquity with a $26 price target;
  
  
• UBS has a $25 price target; and
  
  
• Deutsche Bank begins with a $30 price target. Click Here for more color.
  
  
• Pacific Crest, on the other hand, initiated Ubiquiti with an Outperform, and $35 price target.

Citi resumes American Axle (NYSE: AXL) with a Buy, and $13 price target.

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

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