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Notable Analyst Rating Changes 03/22: (WDC) (AEP) (OPEN) Upgraded; (FHN) (NLY) (ASBC) Downgraded

March 22, 2012 10:43 AM EDT
UPGRADES
Needham & Company upgrades Western Digital Corp. (NYSE: WDC) from Buy to Strong Buy with a price target of $66. Click Here for more color.

RBC Capital lifts American Electric Power (NYSE: AEP) from Underperform to Sector Perform, its price target moved from $41 to $40.

Raymond James boosts OpenTable (Nasdaq: OPEN) from Market Perform to Outperform.

JPMorgan raises ExxonMobil (NYSE: XOM) from Underweight to Neutral, maintains price target of $92.

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

DOWNGRADES
Morgan Stanley trims First Horizon National (NYSE: FHN) from Overweight to Equalweight.

Sterne Agee drops Annaly Capital Management (NYSE: NLY) from Neutral to Underperform.

Morgan Stanley reduces Associated Banc-Corp (Nasdaq: ASBC) from Equal Weight to Underweight.

Evercore Partners cuts Lions Gate (NYSE: LGF) from Overweight to Equal Weight, its price target raised from $14 to $15.

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

NEW COVERAGE
Citi assumes Bank of Ireland (NYSE: IRE) with a Sell.

Credit Suisse restarts JA Solar Holdings Co., Ltd. (Nasdq: JASO) at Neutral.

Nomura Securities begins CIENA (Nasdaq: CIEN) with a Buy and target of $20.

Raymond James starts United Continental (NYSE: UAL) with an Outperform and $26 target.

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


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