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Upgrades/Downgrades/New Coverage of Note 06/15

June 15, 2006 12:33 PM EDT
Upgrades/Downgrades/New Coverage of Note:

UPGRADES:

UBS upgrades NVIDIA Corp. (Nasdaq: NVDA) from Neutral to Buy

Citigroup upgrades Black & Decker Corp. (NYSE: BDK) from Hold to Buy with a $100 price target

Sanford Bernstein upgraded Staples (Nasdaq: SPLS) from Market Perform to Outperform.

DOWNGRADES:

Pali Capital downgraded Vonage (NYSE: VG) from Neutral to Sell.

Piper Jaffray downgrades CV Therapeutics (Nasdaq: CVTX) from Outperform to Market Perform and cuts its price target from $20 to $13

Merrill Lynch downgrades Magellan Health Services Inc. (Nasdaq: MGLN) from Buy to Neutral

NEW COVERAGE:

Infinium Securities initiates coverage on Abaxis Inc. (Nasdaq: ABAX) with an Outperform rating and $22 price target

Friedman Billings initiates coverage on Convergys (NYSE: CVG) with an Outperform.

Jefferies & Co initiates coverage on Sierra Wireless (Nasdaq: SWIR) with a Buy. Price target $20.

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