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Notable Analyst Rating Changes 05/09: (STJ) (ARNA) (UA) Upgraded; (AET) (MRVL) (HLF) Downgraded

May 9, 2012 11:24 AM EDT
UPGRADES
Morgan Stanley upgrades St. Jude Medical (NYSE: STJ) from Equal Weight to Overweight.

BMO Capital lifts Arena Pharma (Nasdaq: ARNA) from Market Perform to Outperform, boosting its price target from $1 to $7.

UBS raises Under Armour, Inc. (NYSE: UA) from Neutral to Buy.

Morgan Stanley ups Dow Chemical (NYSE: DOW) from Equal Weight to Overweight with a price target of $38 (up from $35).

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

DOWNGRADES
Goldman Sachs trims Aetna (NYSE: AET) from Neutral to Sell with a price target of $45 (down from $50). Click Here for more color.

UBS lowers Marvell (Nasdaq: MRVL) from Buy to Neutral, price target cut from $18 to $14.

Caris & Co chops Herbalife (NYSE: HLF) from Buy to Average Wednesday morning. Her price target was slashed sharply from $86 to just $39. Click Here for more color.

UBS reduces Analog Devices (NYSE: ADI) from Buy to Neutral, its price target lowered from $45 to $40. Click Here for more color.

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

NEW COVERAGE
Credit Suisse initiates Phillips 66 (NYSE: PSX) with an Outperform and $42 price target.

Needham & Company commences Jive Software (Nasdaq: JIVE) with a Hold. Click Here for more color.

Citi begins Zynga (Nasdaq: ZNGA) with a Buy and price target of $12.

ThinkEquity starts Ctrip.com (Nasdaq: CTRP) with a Hold rating and a $21 price target.

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Credit Suisse, UBS, Citi, Morgan Stanley, Needham & Company, ThinkEquity, BMO Capital, Notable Analyst Rating Changes