Notable Analyst Rating Changes 11/01: (CRUS) (JOY) (RVBD) Upgraded; (NFLX) (ZUMZ) (RDC) Downgraded

November 1, 2012 11:19 AM EDT
UPGRADES
Needham & Company upgrades Cirrus Logic (Nasdaq: CRUS) from Buy to Strong Buy, moving its price target from $53 to $57. Click Here for more color.

Morgan Stanley raises Joy Global (NYSE: JOY) from Equalweight to Overweight.

Cantor Fitzgerald boosts Riverbed Technology (Nasdaq: RVBD) from Hold to Buy with a price target of $24. Click Here for more color.

Keefe, Bruyette & Woods raises HCC Insurance (NYSE: HCC) from Market Perform to Outperform, moving its price target from $36 up to $43.

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

DOWNGRADES
Oppenheimer downgrades Netflix (Nasdaq: NFLX) from Outperform to Perform with a price target of $80. Click Here for more color.

Zumiez, Inc. (Nasdaq: ZUMZ) cut by two today:
  • Piper Jaffray from Neutral to Underweight, lowering its price target from $27 to $19; and

  • DA Davidson from Buy to Neutral, adjusting its price target from $36 to $25.

Rowan Companies (NYSE: RDC) trimming by two firms:
  • Tudor Pickering from Buy to Hold; and

  • Johnson Rice from Overweight to Equalweight.

Goldman Sachs cuts Western Union Co. (NYSE: WU) from Buy to Neutral, moving its price target from $22 down to $14. Click Here for more color.

CL King lowers Smith & Wesson Holding (NASDAQ: SWHC) from Buy to Neutral.

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

NEW COVERAGE
Piper Jaffray initiates Pharmacyclics (Nasdaq: PCYC) with a Overweight and $83 target.

Crowell, Weedon & Co. starts CVB Financial (Nasdaq: CVBF) at Buy and price target of $15.

Capstone Investments begins Amicus Therapeutics (Nasdaq: FOLD) with a Buy and target of $7.

Piper Jaffray assumes Millennial Media (NYSE: MM) at Neutral and price target of $18.

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Piper Jaffray, Keefe, Bruyette & Woods, Cantor Fitzgerald, Morgan Stanley, Needham & Company, Johnson Rice, D.A. Davidson, CL King, Notable Analyst Rating Changes, Capstone Investments