Notable Analyst Rating Changes 07/26: (MRVL) (AUY) (COH) Upgraded; (ZNGA) (WFT) (RSH) Downgraded

July 26, 2012 11:04 AM EDT
UPGRADES
JMP Securities upgrades Marvell (Nasdaq: MRVL) from Market Perform to Market Outperform.

HSBC boosts Yamana Gold (NYSE: AUY) from Neutral to Overweight with a price target of $18.

Morgan Stanley raises Coach (NYSE: COH) from Equalweight to Overweight.

Pivotal Research boosts Facebook (Nasdaq: FB) from Hold to Buy with a price target of $33.

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

DOWNGRADES
Zynga (Nasdaq: ZNGA) garnered a few downgrades today, following its second quarter results and outlook:
  • Citi from Buy to Neutral.

  • JPMorgan from Overweight to Neutral.

  • BTIG from Buy to Neutral.

  • Goldman Sachs from Buy to Neutral with a price target of $4.00 (from $13.00). Click Here for more color.

  • Lazard Capital from Buy to Neutral.

  • Evercore Partners from Equal Weight to Underweight with a price target of $2.00 (from $5.00). Click Here for more color.

  • Stifel Nicolaus from Buy to Hold.

  • Morgan Stanley from Overweight to Equalweight.
Weatherford (NYSE: WFT) cut by three today:
  • Societe Generale from Hold to Sell with a price target of $10.

  • UBS from Buy to Neutral.

  • Goldman Sachs from Buy to Neutral with a price target of $14.00 (from $19.00).
Wedbush lowers RadioShack Corp. (NYSE: RSH) from Neutral to Underperform with a price target of $1.00 (from $4.50). Click Here for more color.

Evercore Partners cuts Groupon, Inc. (Nasdaq: GRPN) from Overweight to Equal Weight with a price target of $9.00 (from $17.00). Click Here for more color.

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

NEW COVERAGE
Lazard Capital assumes Eastman Chemical (NYSE: EMN) at Buy and $67 price target.

Wells Fargo starts Avon Products (NYSE: AVP) with a Market Perform and price target range of $16 - $18. Click Here for more color.

ThinkEquity initiates Solta Medical (Nasdaq: SLTM) with a Buy and $7 target.

CLSA begins Urban Outfitters, Inc. (Nasdaq: URBN) with a Buy and price target of $42.

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

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Stifel, UBS, JPMorgan, Citi, Morgan Stanley, ThinkEquity, Lazard, JMP Securities, HSBC, Notable Analyst Rating Changes, Earnings, Wells Fargo