Notable Analyst Rating Changes 0/24: (BBBY) (NVLS) (KLAC) Upgraded; (PXP) (DB) (CY) Downgraded

UPGRADES
Deutsche Bank upgrades Bed Bath and Beyond (Nasdaq: BBBY) to Buy with a price target of $70. Click Here for more color.

Citi lifts Novellus (Nasdaq: NVLS) from Neutral to Buy.

Citi upgraded KLA-Tencor (Nasdaq: KLAC) from Neutral to Buy.

Hudson Square boosts Electronic Arts (Nasdaq: EA) from Hold to Buy.

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

DOWNGRADES
Goldman Sachs lowers Plains Exploration (NYSE: PXP) from Buy to Neutral with a price target of $46. Click Here for more color.

JPMorgan reduces Deutsche Bank (NYSE: DB) from Overweight to Neutral.

Needham & Company downgrades Cypress Semi (Nasdaq: CY) from Buy to Hold. Click Here for more color.

JPMorgan cuts Potash Corp. (NYSE: POT) from Overweight to Neutral, with a $48 price target. Click Here for more color.

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

NEW COVERAGE
Zynga (Nasdaq: ZNGA) started by two today:

• Baird with a Outperform rating and $12 price target. Click Here for more color; and
  
  
• Evercore Partners with an Equal Weight, and price target of $9.

Jefferies starts Interpublic Group (NYSE: IPG) with a Underperform rating and $9 price target. Click Here for more color.

Michael Kors (NYSE: KORS) started by several firms:

• Jefferies at Buy and $35 price target. Click Here for more color.
  
  
• Morgan Stanley with a Overweight and $34 price target;
  
  
• Goldman Sachs with a Buy and $34 price target. Click Here for more color;
  
  
• Nomura Securities at Buy, and $34 price target. Click Here for more color.
  
  
• Wedbush initiates coverage on Michael Kors (NYSE: KORS) with a Outperform, and price target of $36. Click Here for more color;
  
  
• JPMorgan with an Overweight, and $32 price target; and
  
  
• Baird with an Outperform, with a $34 price target.

Imperial Capital begins Plains Exploration (NYSE: PXP) with an In-Line, and $45 price target.

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