Notable Analyst Rating Changes 08/17: (COG) (VIAB) (GTAT) Upgraded; (GRPN) (MCP) (APKT) Downgraded

August 17, 2012 11:14 AM EDT
UPGRADES
JPMorgan lifts Cabot Oil & Gas (NYSE: COG) from Neutral to Overweight with a price target of $54.50.

Wells Fargo raises Viacom (Nasdaq: VIAB) from Market Perform to Outperform with a price target of $57-$59 (from $50-$52). Click Here for more color.

Canaccord Genuity moves GT Advanced Tech (Nasdaq: GTAT) from Hold to Buy, lifting its price target from $5 to $9. Click Here for more color.

Morgan Stanley upgrades Walgreen (NYSE: WAG) from Underweight to Equalweight.

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

DOWNGRADES
Evercore Partners downgrades Groupon, Inc. (Nasdaq: GRPN) from Equal Weight to Underweight, more than halving its price target from $6.50 to $3.00. Click Here for more color.

Dahlman Rose trims Molycorp (NYSE: MCP) from Buy to Hold. Click Here for more color.

Raymond James reduces Acme Packet (Nasdaq: APKT) from Market Perform to Underperform.

Morgan Stanley cuts McKesson (NYSE: MCK) from Overweight to Equalweight.

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

NEW COVERAGE
FBR Capital assumes FuelCell Energy (Nasdaq: FCEL) at Market Perform and $1.50 price target.

JPMorgan initiates Phillips 66 (NYSE: PSX) with a Overweight and target of $59.

CLSA starts Beam Inc (NYSE: BEAM) with a Underperform and $60 target.

Wedbush begins Krispy Kreme (NYSE: KKD) at Outperform and $9 target.

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

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JPMorgan, Raymond James, Morgan Stanley, Notable Analyst Rating Changes, Wells Fargo, Canaccord Genuity