Notable Analyst Rating Changes 12/07: (MPEL) (MCD) (FCX) Upgraded; (RGC) (PRU) (IDCC) Downgraded

December 7, 2012 10:38 AM EST
UPGRADES
JPMorgan upgrades Melco Crown Enter. (Nasdaq: MPEL) from Neutral to Overweight with a price target of $20.

Janney Montgomery Scott raises McDonald's (NYSE: MCD) from Neutral to Buy, moving its price target up $8 to $104.

Oracle Investment Research boosts Freeport-McMoRan (NYSE: FCX) to Strong Buy with a price target of $60. Click Here for more color.

Credit Suisse lifts Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) from Neutral to Outperform.

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

DOWNGRADES
Piper Jaffray downgrades Regal Entertainment (NYSE: RGC) from Overweight to Neutral.

Sandler O’Neill trims Prudential Financial (NYSE: PRU) from Buy to Hold, moving its price target from $63 down to $57.

Stephens lowers InterDigital Inc. (Nasdaq: IDCC) from Overweight to Equal Weight.

TD Securities cuts Teck Resources (NYSE: TCK) from Buy to Hold, easing its target $2 to $38. Click Here for more color.

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

NEW COVERAGE
BB&T Capital initiates 3D Systems (NYSE: DDD) with a Buy and $60 price target.

SunTrust Robinson Humphrey assumes Citi (NYSE: C) at Buy and $43 target.

Barclays reinstates Hertz Global (NYSE: HTZ) with a Overweight and $21 target.

Topeka Capital starts PulteGroup (NYSE: PHM) with a Buy and $22 target. Click Here for more color.

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Credit Suisse, Piper Jaffray, JPMorgan, Citi, Janney Montgomery Scott, SunTrust Robinson Humphrey, Barclays, BB&T Capital Markets, Notable Analyst Rating Changes