Notable Analyst Rating Changes 08/21: (URBN) (NFLX) (JEF) Upgraded; (GRPN) (FOSL) (ABB) Downgraded

UPGRADES
Urban Outfitters, Inc. (Nasdaq: URBN) raised by two firms Tuesday:

• Brean Murray Carret & Co. from Sell to Hold. Click Here for more color.; and
  
  
• William Blair from Market Perform to Outperform.

Caris & Co. raises Netflix (Nasdaq: NFLX) from Below Average to Average with a price target of $59.

Rochdale Securities' Richard Bove upgrades Jefferies Group (NYSE: JEF) from Fairly Valued to Undervalued.

CapitalOne boosts REX Energy (Nasdaq: REXX) from Add to Strong Buy.

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

DOWNGRADES
Barclays downgrades Groupon, Inc. (Nasdaq: GRPN) from Equalweight to Underweight with a price target of $4.00 (from $15.00).

ISI Group trims Fossil (Nasdaq: FOSL) from Buy to Hold with a price target of $100.

Deutsche Bank lowers ABB Ltd (NYSE: ABB) from Hold to Sell. Click Here for more color.

Guggenheim cuts Diamond Offshore (NYSE: DO) from Buy to Neutral with a price target of $77.

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

NEW COVERAGE
Stifel Nicolaus resumes Corning (NYSE: GLW) at Buy and $15 price target.

Barclays initiates GNC Corp. (NYSE: GNC) with an Overweight and $47 target.

Mizuho Securities starts VMware (NYSE: VMW) with a Buy and $115 price target.

Raymond James begins Aruba Networks (Nasdaq: ARUN) with a Market Perform.

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

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