Notable Analyst Rating Changes 06/04: (BAC) (ABMD) (STI) Upgraded; (RF) (SCHW) (HOT) Downgraded

June 4, 2012 10:46 AM EDT
UPGRADES
Evercore Partners boosts Bank of America (NYSE: BAC) shares from Equal Weight to Overweight, with a $10 price target.

Lazard Capital upgrades ABIOMED (Nasdaq: ABMD) from Neutral to Buy.

Evercore Partners lifts SunTrust Banks (NYSE: STI) from Equal Weight to Overweight with a price target of $27 (from $25.00).

Stifel Nicolaus raises Boeing (NYSE: BA) from Hold to Buy.

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

DOWNGRADES
Deutsche Bank downgrades Regions Financial (NYSE: RF) from Buy to Hold with a price target of $6.50 (from $7.50). Click Here for more color.

Citi cuts Charles Schwab Corp. (NYSE: SCHW) from Buy to Neutral.

MKM Partners trims Starwood Hotels (NYSE: HOT) from Buy to Neutral.

Wells Fargo lowers Cummins (NYSE: CMI) from Outperform to Market Perform with a price target range of $100-$103 (from $132-$135).

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

NEW COVERAGE
Bernstein starts Facebook (Nasdaq: FB) with a Underperform rating and $25 price target. Click Here for more color.

Cantor Fitzgerald begins Galena Biopharma (Nasdaq: GALE) with a Buy and $4 target. Click Here for more color.

Morgan Stanley assumes PG&E Corporation (NYSE: PCG) at Equalweight and $47 target.

Stifel Nicolaus initiates Walgreen (NYSE: WAG) with a Buy and price target of $15.

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

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