Notable Analyst Rating Changes 04/04: (SBUX) (JOY) (CIEN) Upgraded; (ALLT) (MCD) (IBM) Downgraded

UPGRADES
Goldman Sachs upgrades Starbucks (Nasdaq: SBUX) from Neutral to Conviction Buy with a price target of $66 (up from $49). Click Here for more color.

KeyBanc lifts Joy Global (NYSE: JOY) from Hold to Buy with a price target of $90. Click Here for more color.

JPMorgan nudges CIENA (Nasdaq: CIEN) up from Neutral to Overweight, its target raised from $15 to $20.

Barclays raises Southwest (NYSE: LUV) from Equalweight to Overweight, price target raised from $11 to $13.

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DOWNGRADES
Jefferies drops Allot Communications (Nasdaq: ALLT) from Buy to Hold with a price target of $25 (up from $21). Click Here for more color.

Goldman Sachs cuts McDonald's (NYSE: MCD) from Conviction Buy to Buy with a price target of $110 (down from $114). Click Here for more color.

BofA/Merrill Lynch trims IBM (NYSE: IBM) from Buy to Neutral.

Barclays reduces United Continental (NYSE: UAL) from Overweight to Equalweight, its price target lowered from $30 to $27.

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

NEW COVERAGE
Mizuho Securities initiates EMC (NYSE: EMC) with a Buy and $34 target.

Cantor Fitzgerald assumes Celgene (Nasdaq: CELG) at Buy and a $90 target. Click Here for more color.

Oppenheimer begins REX Energy (Nasdaq: REXX) with an Outperform and $14 target. Click Here for more color.

Express Scripts (Nasdaq: ESRX) started by three firms:

• Citi at Neutral and $63 target;
  
  
• Jefferies at Buy, its price target raised from $60 to $68. Click Here for more color; and
  
  
• Lazard Capital with a Buy and $67 target.

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