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Notable Analyst Rating Changes 09/29: (OKE) (FTI) (QGEN) Upgraded; (AMD) (MIPS) (DVA) Downgraded

September 29, 2011 10:56 AM EDT
UPGRADES
Wells Fargo upgrades ONEOK Inc (NYSE: OKE) from Market Perform to Outperform with a price target range of $78 to $83. Click Here for more color.

JPMorgan raises FMC Technologies (NYSE: FTI) from Neutral to Overweight, its price target lifted from $50 to $59.

Leerink Swann boosts Qiagen NV (Nasdaq: QGEN) from Market Perform to Outperform with a price target range of $18 to $20. Click Here for more color.

Desjardins lifts Precision Drilling (NYSE: PDS) from Hold to Buy.

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

DOWNGRADES
Advanced Micro (NYSE: AMD) lowered by several firms today:
  • BofA/Merrill Lynch from Neutral to Underperform;

  • Macquarie from Neutral to Underperform;

  • ThinkEquity from Buy to Hold, price target lowered from $8 to $6; and

  • Longbow Research from Buy to Neutral.
Benchmark cut MIPS Technologies (Nasdaq: MIPS) from Buy to Hold. Click Here for more color.

Citi reduces DaVita (NYSE: DVA) from Buy to Hold.

Mizuho Securities drops Alere (NYSE: ALR) from Outperform to Neutral, cutting its price target from $35 to $23.

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

NEW COVERAGE
Sterne Agee initiates KKR (NYSE: KKR) with a Buy, and $18 price target.

JPMorgan begins Rigel Pharmaceuticals (Nasdaq: RIGL) with an Overweight, and $14 price target.

Credit Agricole starts Celanese (NYSE: CE) with an Outperform, and $43 price target.

Macquarie commences coverage on Giant Interactive (NYSE: GA) with an Outperform rating and a $4 price target.

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JPMorgan, Citi, ThinkEquity, Sterne Agee, Longbow Research, Notable Analyst Rating Changes, Credit Agricole, Wells Fargo