Notable Analyst Rating Changes 01/04: (LULU) (AKS) (XLS) Upgraded; (CLWR) (ALU) (MOS) Downgraded

UPGRADES
Goldman Sachs named Lululemon Athletica Inc. (Nasdaq: LULU) a C-List Buy with a price target of $64. Click Here for more color.

BofA/Merrill Lynch lifts AK Steel (NYSE: AKS) from Underperform to Neutral.

JPMorgan boosts Exelis (NYSE: XLS) from Neutral to Overweight, maintains its price target of $11

Citi raises CF Industries (NYSE: CF) from Neutral to Buy and also added CF to the firm's "Top Picks Live" list.

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

DOWNGRADES
Kaufman Bros. lowers Clearwire (Nasdaq: CLWR) from Buy to Hold, cutting its price target from $5 to $2. Click Here for more color.

Credit Suisse cuts NetApp (Nasdaq: NTAP) from Outperform to Neutral, price target lowered from $50 to $42.

Citi reduces Mosaic (NYSE: MOS) from Buy to Neutral.

Natixis downgrades Alcatel-Lucent (NYSE: ALU) from Buy to Neutral.

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

NEW COVERAGE
Wedbush initiates American Tower (NYSE: AMT) with a Outperform rating, and $70 price target.

Benchmark starts Fusion-io (NYSE: FIO) with a Hold. Click Here for more color.

Roth Capital begins Intel (Nasdaq: INTC) with a Neutral, and $25 price target.

Intermolecular (Nasdaq IMI) started by several firms:

• JPMorgan at Overweight, and $17 price target;
  
  
• Morgan Stanley with an Overweight;
  
  
• Barclays with an Equalweight, and $12 price target; and
  
  
• Needham & Company at Buy and price target of $31. Click Here for more color.

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