Notable Analyst Rating Changes 08/14: (SKYW) (WMGI) (ELN) Upgraded; (GRPN) (VALE) (EXPE) Downgraded

August 14, 2012 11:00 AM EDT
UPGRADES
BofA/Merrill Lynch upgrades SkyWest (Nasdaq: SKYW) from Underperform to Neutral.

Mizuho Securities lifts Wright Medical (Nasdaq: WMGI) from Neutral to Buy, moving its price target from $20 up to $24.

UBS raises Elan Corp (NYSE: ELN) from Neutral to Buy.

BofA/Merrill Lynch boosts Willis Group (NYSE: WSH) from Neutral to Buy.

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

DOWNGRADES
Groupon, Inc. (Nasdaq: GRPN) lowered by two today:
  • Citi from Buy to Neutral; and

  • Benchmark from Buy to Hold, moving its price target from $20 down to $7. Click Here for more color.
BofA/Merrill Lynch trims Vale S.A. (NYSE: VALE) from Buy to Neutral.

Deutsche Bank reduces Scientific Games (Nasdaq: SGMS) from Buy to Hold, moving its price target from $10 to $7. Click Here for more color.

Stifel Nicolaus drops Expedia (Nasdaq: EXPE) from Buy to Hold.

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

NEW COVERAGE
Palo Alto Networks (NYSE: PANW) started by a handful of firms:
  • Morgan Stanley at Equalweight;

  • Credit Suisse at Outperform and $70 target;

  • Barclays with a Equalweight and $58 target;

  • Citi with a Neutral and $65 target;

  • Raymond James with a Strong Buy and $74 price target; and

  • Goldman Sachs at Buy and $18 price target. Click Here for more color.
Kayak Software Corp. (Nasdaq: KYAK) started by four today:
  • Stifel Nicolaus with a Hold;

  • Morgan Stanley at Equalweight and $32 target;

  • Piper Jaffray with a Neutral and $30 price target; and

  • Deutsche Bank at Buy and price target of $35. Click Here for more color.
Barclays initiates Select Comfort (Nasdaq: SCSS) with a Overweight and price target of $38.

Citi starts Perfect World (Nasdaq: PWRD) with a Buy and $20.41 target.

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Credit Suisse, Piper Jaffray, Stifel, Deutsche Bank, UBS, Citi, Raymond James, Morgan Stanley, Barclays, Notable Analyst Rating Changes