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Notable Analyst Rating Changes 11/07: (HD) (TOL) (UDR) Upgraded; (ALU) (VRTX) (SD) Downgraded

November 7, 2011 11:17 AM EST
UPGRADES
RBC Capital upgrades Home Depot (NYSE: HD) from Sector Perform to Outperform, its price target raised from $38 to $42.

Citi boosts Toll Bros. (NYSE: TOL) from Neutral to Buy, its price target raised from $17 to $21.

Janney Montgomery Scott lifts UDR, Inc. (NYSE: UDR) from Neutral to Buy, price target raised from $25 to $28.

Rochdale Securities raises KeyCorp (NYSE: KEY) from Neutral to Buy.

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

DOWNGRADES
Alcatel-Lucent (NYSE: ALU) cut by two today:
  • Citi from Buy to Sell; and

  • WestLB from Reduce to Sell.
RBC Capital downgrades Vertex (Nasdaq: VRTX) from Outperform to Sector Perform, its price target cut from $59 to $48.

Stephens lowers SandRidge Energy (NYSE: SD) from Overweight to Equal Weight, price target cut from $11 to $9.

Trina Solar (NYSE: TSL) lowered by two today:
  • Brigantine Advisors from Buy to Hold; and

  • Maxim Group from Buy to Sell, slashing its price target from $22 to $5.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Benchmark initiates Groupon, Inc. (Nasdaq: GRPN) with a Buy rating and $32 price target. Click Here for more color.

Leerink Swann starts Mylan (Nasdaq: MYL) with a Market Perform, and price target range of $19 to $20. Click Here for more color.

Dahlman Rose assumes Hercules Offshore (Nasdaq: HERO) at Hold. Click Here for more color.

Citi begins VeriFone (NYSE: PAY) with a Buy, and $51 price target.

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

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Citi, RBC Capital, Janney Montgomery Scott, Maxim Group, Notable Analyst Rating Changes