Notable Analyst Rating Changes 04/16: (CAT) (LOW) (FCX) Upgraded; (CHK) (MPC) (SPRD) Downgraded

UPGRADES
Caterpillar (NYSE: CAT) lifted by two ratings houses Monday:

• BofA/Merrill Lynch from Neutral to Buy; and
  
  
• Longbow Research from Neutral to Buy.

Piper Jaffray boosts Lowe's (NYSE: LOW) from Neutral to Overweight, moving its price target from $29 to $41.

Citi boosts Freeport-McMoRan (NYSE: FCX) from Neutral to Buy. Click Here for more color.

Linear Technology (Nasdaq: LLTC) gets two upgrades:

• Longbow Research from Neutral to Buy; and
  
  
• Nomura Securities from Neutral to Buy, with a $35 price target. Click Here for more color.

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

DOWNGRADES
Citi trims Chesapeake Energy (NYSE: CHK) from Buy to Neutral.

Deutsche Bank downgrades Marathon Petroleum (NYSE: MPC) from Buy to Hold. Click Here for more color.

Morgan Stanley lops Spreadtrum Communications (Nasdaq: SPRD) from Overweight to Equalweight.

Infosys (Nasdaq: INFY) trimmed by three firms:

• Credit Agricole from Outperform to Underperform;
  
  
• Deutsche Bank to Hold. Click Here for more color; and
  
  
• HSBC from Outperform to Neutral.

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

NEW COVERAGE
Piper Jaffray initiates Cadence Designs (Nasdaq: CDNS) with an Overweight and target of $17.

RBC Capital starts Select Income REIT (NYSE: SIR) with an Outperform and $25 target.

Piper Jaffray starts Novadaq Technologies (Nasdaq: NVDQ) with an Overweight and $8 target.

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

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