Notable Analyst Rating Changes 12/08: (HWAY) (AXL) (MSG) Upgraded; (LVS) (CREE) (VLO) Downgraded

December 8, 2011 11:18 AM EST
UPGRADES
Stifel Nicolaus lifts Healthways (Nasdaq: HWAY) to a Buy rating from its previous rating of Hold.

Deutsche Bank upgrades American Axle (NYSE: AXL) from Hold to Buy, its price target at $16.50.

Morgan Stanley raises Madison Square Garden (Nasdaq: MSG) from Underweight to Overweight with a price target of $35.

Piper Jaffray boosts Pacific Sunwear (Nasdaq: PSUN) from Underperform to Neutral, while reaffirming its price target of $2.

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

DOWNGRADES
Janney Montgomery Scott cuts Las Vegas Sands (NYSE: LVS) from Buy to Neutral, its price target lowered from $57 to $48.

Morgan Stanley lowers Cree (Nasdaq: CREE) from Overweight to Equalweight.

RBC Capital trims Valero Energy (NYSE: VLO) from Top Pick to Outperform, price target cut from $33 to $32.

Morgan Stanley reduces Tesla Motors (Nasdaq: TSLA) from Overweight to Underweight.

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

NEW COVERAGE
Morgan Stanley assumes Annaly Capital Management (NYSE: NLY) at Overweight, with a $18 price target.

Goldman Sachs starts Halliburton (NYSE: HAL) with a C-list Buy rating and $55 price target. Click Here for more color.

Mizuho Securities begins shares of Tibco Software, Inc. (NASDAQ: TIBX) with a Neutral rating and $29 price target.

Sterne Agee resumes Lululemon Athletica Inc. (Nasdaq: LULU) with a Buy, and $60 price target.

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Piper Jaffray, Stifel, Deutsche Bank, Morgan Stanley, RBC Capital, Janney Montgomery Scott, Sterne Agee, Notable Analyst Rating Changes, Tesla