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Notable Analyst Rating Changes 07/19: (BBRY) (BCRX) (STX) Upgraded; (MSFT) (AMD) (ISRG) Downgraded

July 19, 2013 10:39 AM EDT
UPGRADES
BMO Capital upgrades BlackBerry (Nasdaq: BBRY) from Underperform to Market Perform with a price target of $8.

JMP Securities boosts BioCryst Pharma (Nasdaq: BCRX) from Market Perform to Market Outperform with a price target of $3.

Citi raises Seagate Technology (Nasdaq: STX) from Sell to Neutral.

Global Hunter Securities lifts Frontline Ltd. (NYSE: FRO) from Sell to Neutral.

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

DOWNGRADES
Microsoft (Nasdaq: MSFT) lowered by two today:
  • Cowen from Outperform to Market Perform, moving its price target from $38 to $33; and

  • Raymond James from Outperform to Market Perform.
AMD (NYSE: AMD) also lowered by two today:
  • Morgan Stanley from Equalweight to Underweight; and

  • Credit Suisse from Neutral to Underperform.
JMP Securities cuts Intuitive Surgical (Nasdaq: ISRG) from Market Perform to Market Underperform with a price target of $275.

Janney cuts International Game Technology (NYSE IGT) from Buy to Neutral, with a new fair value estimate of $20. Click Here for more color.

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

NEW COVERAGE
Goldman Sachs resumes Dish Network (Nasdaq: DISH) with a Neutral rating and a price target of $45. Click Here for more color.

Brean Capital initiates Astex Pharmaceuticals (Nasdaq: ASTX) with a Buy rating and a price target of $13. Click Here for more color.

Credit Suisse assumes Union Pacific (NYSE: UNP) at Outperform with a price target of $184.

Clarkson Capital starts Targa Resources Partners, L.P. (NYSE: NGLS) with an Outperform and $65 price target.

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

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Credit Suisse, Citi, Raymond James, Morgan Stanley, BMO Capital, JMP Securities, Notable Analyst Rating Changes, Cowen & Co