Notable Analyst Rating Changes 05/07: (TXN) (GRPN) (PEP) Upgraded; (MELI) (CCL) (PG) Downgraded

May 7, 2012 11:25 AM EDT
UPGRADES
Nomura Securities upgrades Texas Instruments (Nasdaq: TXN) from Reduce to Neutral, its price target raised from $30 to $34. Click Here for more color.

B. Riley boosts Groupon, Inc. (Nasdaq: GRPN) from Sell to Neutral, with its price target lowered from $13 to $10.60.

Morgan Stanley lifts Pepsico (NYSE: PEP) from Equalweight to Overweight.

Nomura raises NVIDIA (Nasdaq: NVDA) from Neutral to Buy with a price target of $16. Click Here for more color.

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

DOWNGRADES
Stifel Nicolaus trims MercadoLibre (Nasdaq: MELI) from Hold to Sell.

Goldman Sachs downgrades Carnival Corporation (NYSE: CCL) from Buy to Neutral and cut their price target from $36 to $32. Click Here for more color.

Wells Fargo downgrades Procter & Gamble (NYSE: PG) from Outperform to Market Perform, its price target range $64 - $67 from $67 - $71. Click Here for more color.

Argus chops First Solar (Nasdaq: FSLR) from Buy to Hold.

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

NEW COVERAGE
Sterne Agee initiates Facebook (Nasdaq: FB) at Buy and $46 price target. Click Here for more color.

Topeka Capital commences Corning (NYSE: GLW) with a Hold and price target of $13.

Vocera Communications (NYSE: VCRA) started by four firms:
  • Baird with a Neutral and $21 price target;

  • Leerink Swann with an Outperform and $27 target. Click Here for more color;

  • Wells Fargo with a Market Perform and $23 target. Click Here for more color;

  • William Blair at Outperform.
Annie's, Inc. (NYSE: BNNY) started by a slew of firms:
  • RBC Capital with an Outperform and $45 target;

  • Stifel Nicolaus at Hold;

  • Canaccord Genuity with a Hold and $40 target. Click Here for more color;

  • JPMorgan at Overweight and $52 target;

  • Credit Suisse with an Outperform and $48 price target.
Goldman Sachs starts Enersis (NYSE: ENI) with a Neutral and $25 price target. Click Here for more color.

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Credit Suisse, Stifel, William Blair, JPMorgan, Morgan Stanley, Robert W Baird, RBC Capital, B. Riley, Sterne Agee, Argus, Nomura, Notable Analyst Rating Changes, Wells Fargo