Notable Analyst Rating Changes 07/31: (HCBK) (NSPH) (HOLX) Upgraded; (DNDN) (CBI) (COH) Downgraded

UPGRADES
Guggenheim upgrades Hudson City Bancorp (Nasdaq: HCBK) from Neutral to Buy with a price target of $7.00 (from $6.50).

Piper Jaffray boosts Nanosphere (Nasdaq: NSPH) from Neutral to Overweight, doubling its price target to $4.

Dougherty & Co raises Hologic (Nasdaq: HOLX) from Neutral to Buy. moving its price target $1 higher to $21. Click Here for more color.

Wells Fargo moves Concho Resources (NYSE: CXO) from Market Perform to Outperform with a price target range of $110-$120 (from $90-$100). Click Here for more color.

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

DOWNGRADES
Dendreon (Nasdaq: DNDN) cut by two today:

• Deutsche Bank from Buy to Hold, with a new price target of $7. Click Here for more color; and
  
  
• JPMorgan from Overweight to Neutral.

CB&I (NYSE: CBI) downgraded by three firms Tuesday:

• Tudor Pickering from Buy to Hold;
  
  
• Lazard Capital from Buy to Neutral; and
  
  
• Credit Suisse from Outperform to Neutral.

Coach (NYSE: COH) ratings reduced by two firms:

• Jefferies from Buy to Neutral, with a price target of $55; and
  
  
• Piper Jaffray from Overweight to Neutral with a price target of $67.

PMC-Sierra (Nasdaq: PMCS) lowered by two today:

• Jeffereies from Buy to Hold, its price target drops from $6.50 to $8. Click Here for more color;
  
  
• Wunderlich Securities from Buy to Hold with a price target of $6.50.

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

NEW COVERAGE
Stephens initiates OmniVision Technologies (Nasdaq: OVTI) with a Overweight and $19 price target.

Axiom Capital assumes US Steel (NYSE: X) at Sel and price target of $10.

Morgan Stanley starts Exelon (NYSE: EXC) with a Equalweight and $40 price target.

Jefferies begins DIRECTV (Nasdaq: DTV) with a Buy and $59 target.

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

Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
• Deutsche Bank Starts Ardagh Metal Packaging S.A. (AMBP) at Hold