Notable Upgrades/Downgrades/New Coverage 07/28

NOTABLE UPGRADES:
Raymond James upgrades Best Buy (NYSE: BBY) from Market Perform to Strong Buy with a $62 price target

Goldman Sachs upgrades IntercontinentalExchange (NYSE: ICE) from Neutral to Buy with a $75 price target.

Deutsche Bank upgrades Lawson Software (Nasdaq: LWSN) from Hold to Buy and raises its price target to $9.

NOTABLE DOWNGRADES:
Merrill Lynch downgrades Harrah's (NYSE: HET) from Buy to Neutral.

Jefferies & Co downgraded Tidewater (NYSE: TDW) from Buy to Hold. Price target lowered to $52.

Piper Jaffray downgrades Rackable Systems Inc. (Nasdaq: RACK) from Outperform to Market Perform and cuts its price target to $27

NOTABLE NEW COVERAGE:
Citigroup initiates coverage on Shaw Group Inc (NYSE: SGR) with a Buy rating and $28 price target.

Citigroup initiates coverage on Apollo Investment Corp (Nasdaq: AINV) with a Buy rating and $21 price target.

Citigroup initiates coverage on Chicago Bridge & Iron Co NV (NYSE: CBI) with a Buy rating and $29 price target

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