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Notable Analyst Rating Changes 05/22: (BMY) (CREE) (TEX) Upgraded; (IGTE) (CCL) (NCT) Downgraded

May 22, 2013 10:43 AM EDT
UPGRADES
Citi upgrades Bristol-Myers Squibb Co. (NYSE: BMY) from Neutral to Buy.

Sterne Agee lifts Cree (Nasdaq: CREE) from Neutral to Buy, while adjusting its price target from $59 up to $72.

Barclays boosts Terex (NYSE: TEX) from Equalweight to Overweight, moving its price target from $33 to $40.

Susquehanna raises Chesapeake Energy (NYSE: CHK) from Neutral to Positive.

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

DOWNGRADES
Oppenheimer reduces iGATE (Nasdaq: IGTE) from Outperform to Perform.

HSBC trims Carnival Corporation (NYSE: CCL) from Overweight to Neutral, moving its price target from $44 down to $37.50.

Keefe, Bruyette & Woods reduces Newcastle Investment (NYSE: NCT) from Outperform to Market Perform with a price target of $5.50.

Pacific Crest downgrades SolarWinds (NYSE: SWI) from Outperform to Sector Perform.

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

NEW COVERAGE
Wells Fargo initiates Popular, Inc. (Nasdaq: BPOP) at Outperform and valuation range of $33 to $35. Click Here for more color.

Barrington Research assumes Global Geophysical Services (NYSE: GGS) at Outperform and $5.50 target.

Raymond James starts Chart Industries (Nasdaq: GTLS) with an Outperform and $114 target.

JMP Securities begins Galena Biopharma (Nasdaq: GALE) with a Market Outperform and price target of $5.

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Keefe, Bruyette & Woods, Citi, Raymond James, Sterne Agee, JMP Securities, Barclays, HSBC, Pacific Crest Securities, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Wells Fargo