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Notable Analyst Rating Changes 01/13: (SWY) (CTRP) (NUAN) Upgraded; (VMW) (PHM) (CX) Downgraded

January 13, 2012 11:45 AM EST
UPGRADES
Jefferies upgrades Safeway (NYSE: SWY) from Hold to Buy with a price target of $25. Click Here for more color.

Susquehanna raises Ctrip.com (Nasdaq: CTRP) from Neutral to Positive.

Longbow Research boosts Nuance Communications (Nasdaq NUAN) from Neutral to Buy.

Goldman Sachs lifts Bally Technologies (NYSE: BYI) from Neutral to Buy with a price target of $46. Click Here for more color.

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

DOWNGRADES
Citi cuts VMware (NYSE: VMW) to Sell, lowering its price target from $87 to $80.

Guggenheim lowers PulteGroup (NYSE: PHM) from Buy to Neutral with a price target of $8.

Barclays reduces CEMEX (NYSE: CX) from Overweight to Equalweight, its price target cut from $7 to $6.

Wells Fargo downgrades Charles Schwab Corp. (NYSE: SCHW) from Outperform to Market Perform, its price target range trimmed from $14 - $15 to $11 - $13. Click Here for more color.

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

NEW COVERAGE
BofA/Merrill Lynch initiates First Niagara Financial (Nasdaq: FNFG) with a Neutral, and $10 price target.

Wells Fargo starts Regions Financial (NYSE: RF) with a Market Perform, and valuation range of $4-$5. Click Here for more color.

Stifel Nicolaus begins American International Group (NYSE: AIG) with a Hold.

Wells Fargo assumes East West Bancorp (Nasdaq: EWBC) at Market Perform, and target of $24. Click Here for more color.

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Stifel, Citi, Jefferies & Co, Barclays, Longbow Research, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Wells Fargo