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Notable Analyst Rating Changes 03/13: (NWY) (AIV) (SNI) Upgraded; (MANT) (CVC) (VCI) Lower

March 13, 2012 10:53 AM EDT
UPGRADES
Janney Montgomery Scott upgrades New York & Co (NYSE: NWY) to Buy with a price target of $5. Click Here for more color.

RBC Capital lifts Apartment Investment Management (NYSE: AIV) from Sector Perform to Outperform, its price target moves from $27 to $30.

Deutsche Bank boosts Scripps Networks Interactive (NYSE: SNI) from Hold to Buy. Click Here for more color.

SunTrust Robinson Humphrey bumps up BancorpSouth (NYSE: BXS) from Neutral to Buy with a new price target of $15.

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

DOWNGRADES
Wells Fargo downgrades ManTech (Nasdaq: MANT) from Market Perform to Underperform, its price target range lowered from $33 - $36 to a range of $28 - $31. Click Here for more color.

Deutsche Bank trims Cablevision (NYSE: CVC) from Buy to Hold. Click Here for more color.

Raymond James chops Valassis Communications (NYSE: VCI) from Market Perform to Underperform.

BMO Capital reduces CVS Caremark (NYSE: CVS) from Outperform to Market Perform, maintaining a $47 price target.

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

NEW COVERAGE
AVG Technologies (NYSE: AVG) started by several firms Tuesday:
  • Morgant Stanley at Overweight and $18 target;
  • Goldman Sachs at Buy and $20 price target. Click Here for more color;
  • JMP Securities with a Market Outperform and $18 target;
  • JPMorgan at Overweight and $20 target; and
  • Cowen with an Outperform.
Matador Resources Company (NYSE: MTDR) initiated by four firms:
  • Jefferies with a Buy and $15 target. Click Here for more color;
  • Stifel Nicolaus at Buy and $15 target;
  • RBC Capital with an Outperform and $16 target; and
  • Citi with a Neutral and price target of 13.
RBC Capital starts ASML Inc. (Nasdaq: ASML) with an Outperform and $56 price target

Credit Suisse reinstates Cobalt International Energy (NYSE: CIE) at Outperform with a $40 target.

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

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Credit Suisse, Stifel, Deutsche Bank, JPMorgan, Citi, Raymond James, Jefferies & Co, BMO Capital, RBC Capital, Janney Montgomery Scott, JMP Securities, SunTrust Robinson Humphrey, Notable Analyst Rating Changes, Cowen & Co, Wells Fargo