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Notable Analyst Rating Changes 03/18: (ODP) (VZ) (GLUU) Upgraded; (NVO) (CCL) (CNP) Downgraded

March 18, 2013 10:56 AM EDT
UPGRADES
KeyBanc boosts Office Depot (NYSE: ODP) from Hold to Buy. Click Here for more color.

Citi upgrades Verizon Communications (NYSE: VZ) to Buy. Click Here for more color.

Northland Securities raises Glu Mobile (Nasdaq: GLUU) from Market Perform to Outperform, moving its target from $2.50 up to $4.50. Click Here for more color.

Morgan Stanley lifts Hewlett-Packard (NYSE: HPQ) from Equalweight to Overweight with a price target of $27. Click Here for more color.

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

DOWNGRADES
JPMorgan downgrades Novo Nordisk (NYSE: NVO) from Neutral to Underweight. Click Here for more color.

Carnival Corporation (NYSE: CCL)(NYSE: CUK) lowered by two today:
  • Numis from Buy to Add; and

  • Exane BNP Paribas downgraded Carnival Corporation (NYSE: CCL) from Outperform to Neutral.

Credit Suisse eases CenterPoint Energy (NYSE: CNP) from Neutral to Underperform.

Goldman Sachs cuts J.M. Smucker (NYSE: SJM) from Neutral to Sell, adjusting its price target from $95 to $93. Click Here for more color.

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

NEW COVERAGE
Lake Street Capital Markets starts Vringo (AMEX: VRNG) at Buy with a price target of $6. Click Here for more color.

JPMorgan resumes Best Buy (NYSE: BBY) at Overweight.

BNP Paribas starts Visa (NYSE: V) with a Hold and $166 price target.

Boise Cascade Company (NYSE: BCC) started by several firms:
  • JPMorgan at Neutral and $33 price target;

  • BofA/Merrill Lynch at Buy and $37 target;

  • Goldman Sachs with a Neutral and $28 target. Click Here for more color;

  • Deutsche Bank at Hold and target of $30. Click Here for more color;

  • DA Davidson at Underperform and $28 target;

  • Wells Fargo at Market Perform and valuation range of $34 to $36. Click Here for more color.

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Credit Suisse, Deutsche Bank, JPMorgan, Citi, KeyBanc, Morgan Stanley, D.A. Davidson, Notable Analyst Rating Changes, Northland Securities, Wells Fargo