Notable Analyst Rating Changes 11/23: (AWC) (PQ) (NOK) Upgraded; (AUO) (KITD) (GIL) Downgraded

UPGRADES
JPMorgan raises Alumina Limited (NYSE: AWC) from Underweight to Neutral.

Stifel Nicolaus lifts PetroQuest (NYSE: PQ) from Hold to Buy.

HSBC boosts Telecom Italia (NYSE: TI) from Underweight to Neutral.

Danske upgrades Nokia (NYSE: NOK) from Sell to Buy. Click Here for more color.

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

DOWNGRADES
On Thursday, Bernstein downgrades AU Optronics (NYSE: AUO) from Outperform to Market Perform.

Northland Securities lowers KIT digital (Nasdaq: KITD) from Outperform to Market Perform, moving its price target from $8 to $2. Click Here for more color.

BofA/Merrill Lynch trims Gildan Activewear (NYSE: GIL) from Buy to Neutral.

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

NEW COVERAGE
On Thursday, HSBC initiated NetEase.com (Nasdaq: NTES) with a Neutral and price target of $48.

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

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