Notable Analyst Rating Changes 06/27: (LEAP) (VCLK) (YNDX) Upgraded; ((PG) (HAS) (SKS) Downgraded

June 27, 2012 10:48 AM EDT
UPGRADES
Guggenheim upgrades Leap Wireless (Nasdaq: LEAP) from Neutral to Buy with a price target of $10.

Benchmark raises ValueClick, Inc (Nasdaq: VCLK) from Hold to Buy, maintains price target of $20. Click Here for more color.

UBS lifts Yandex (Nasdaq: YNDX) from Neutral to Buy.

Needham & Company boosts News Corp. (Nasdaq: NWSA) from Hold to Buy with a new price target of $27. Click Here for more color.

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

DOWNGRADES
RBC Capital downgrades Procter & Gamble (NYSE: PG) from Outperform to Sector Perform with a price target of $64.00 (from $70.00).

Citi lowers Macy's (NYSE: M) from Buy to Neutral, moving its price target from $49 to $39.

Citi cuts Hasbro (Nasdaq: HAS) from Neutral to Sell with a price target of $31.00 (from $36.00).

Citi reduces Saks (NYSE: SKS) from Buy to Neutral. its price target lowered from $14 down to $11.

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

NEW COVERAGE
Piper Jaffray assumes Sirius XM Radio (Nasdaq: SIRI) with an Overweight and price target of $2.50.

Northland Securities initiates Broadcom (Nasdaq: BRCM) with a Outperform and price target of $42.

Stifel Nicolaus initiates coverage on Zynga (Nasdaq: ZNGA) with a Buy and $8.50 price target.

Facebook's (Nasdaq: FB) quiet period ends, here's the lowdown:
  • Piper Jaffray at Overweight;
  • William Blair at Outperform;
  • JPMorgan at Overweight;
  • Morgan Stanley at Overweight;
  • Goldman Sachs at Buy;
  • Wells Fargo at Outperform;
  • Stifel Nicolaus at Hold;
  • Oppenheimer at Outperform. Click Here for more color;
  • Cit at Neutral;
  • BfoA/Merrill Lynch at Neutral;
  • Pacific Crest at Sector Perform;
  • Raymond James at Market Perform;
  • Credit Suisse at Neutral;
  • Lazard at Equialweight;
  • Barclays at Equalweight; and
  • BMO Capital at Underperform.
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Credit Suisse, Piper Jaffray, Stifel, UBS, William Blair, JPMorgan, Citi, Raymond James, Morgan Stanley, Needham & Company, BMO Capital, Lazard, RBC Capital, Barclays, Pacific Crest Securities, Notable Analyst Rating Changes, Northland Securities, Hasbro, Wells Fargo