Notable Analyst Rating Changes 04/18: (DECK) (PCX) (FSLR) Upgraded; (IBM) (CREE) (DNB) Downgraded

April 18, 2012 11:06 AM EDT
UPGRADES
Sterne Agee upgrades Deckers Outdoor (Nasdaq: DECK) from Underperform to Neutral, its price target maintained at $60.

Morgan Stanley boosts Patriot Coal (NYSE: PCX) from Underweight to Equalweight.

First Solar (Nasdaq: FSLR) raised by two firms Wednesday:
  • BofA/Merrill Lynch from Underperform to Buy, its price target moves from $19 to $30; and

  • Cantor Fitzgerald from Sell to Hold with a price target of $21.50. Click Here for more color.


Morgan Stanley lifts Walter Energy (NYSE: WLT) from Equalweight to Overweight with a price target of $95.

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

DOWNGRADES
Macquarie downgrades IBM (NYSE: IBM) from Outperform to Neutral with a price target of $215. Click Here for more color.

JPMorgan lowers Dun & Bradstreet (NYSE: DNB) from Neutral to Underweight, its price target lowered from $86 to $75.

ThinkEquity reduces Cree (Nasdaq: CREE) from Buy to Hold.

BMO Capital chops Comerica (NYSE: CMA) from Outperform to Market Perform, its price target maintained at $36.

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

NEW COVERAGE
BofA/Merrill Lynch reinstates Peabody Energy (NYSE: BTU) with a Buy and $38 target.

Piper Jaffray initiates Cooper Industries (NYSE: CBE) with an Overweight and $73 target.

CRT Capital starts Cenveo (NYSE: CVO) with a Buy and $4.75 price target.

Goldman Sachs initiates coverage on Energy Transfer Partners (NYSE: ETP) with a Neutral and price target of $49. Click Here for more color.

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

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Piper Jaffray, Cantor Fitzgerald, JPMorgan, Morgan Stanley, ThinkEquity, BMO Capital, Sterne Agee, Notable Analyst Rating Changes