Notable Analyst Rating Changes 12/02: (RKUS) (AEO) (EBAY) Upgraded; (MMM) (GRPN) (XL) Downgraded

December 2, 2013 10:56 AM EST
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Price: $12.87 --0%

Overall Analyst Rating:
    NEUTRAL (= Flat)

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UPGRADES
Goldman Sachs raises Ruckus Wireless (NYSE: RKUS) from Neutral to Buy with a price target of $18. Click Here for more color.

Janney Capital raises American Eagle Outfitters (NYSE: AEO) from Neutral to Buy, moving its price target from $17 up to $20. Click Here for more color.

SunTrust Robinson Humphrey lifts eBay (Nasdaq: EBAY) from Neutral to Buy with a price target of $61. Click Here for more color.

Raymond James raises Rackspace (NYSE: RAX) from Market Perform to Outperform with a price target of $43.

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

DOWNGRADES
Morgan Stanley lowers 3M (NYSE: MMM) from Equalweight to Underweight.

Goldman Sachs cuts Groupon, Inc. (Nasdaq: GRPN) from Buy to Neutral, easing its price target from $12 down to $11. Click Here for more color.

Deutsche Bank moves XL Group plc (NYSE: XL) from Hold to Sell, adjusting its price target from $33 to $26. Click Here for more color.

KeyBanc downgrades CenterPoint Energy (NYSE: CNP) from Buy to Hold, removing its price target. Click Here for more color.

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

NEW COVERAGE
Several firms begun coverage on Twitter (NYSE: TWTR) today:
  • BofA/Merrill Lynch with an Underperform rating and price target of $36;

  • Goldman Sachs at Buy and $46 price target. Click Here for more color;

  • Deutsche Bank with a Buy rating and price target of $50. Click Here for more color;

  • JPMorgan at Neutral and price target of $40; and

  • Morgan Stanley with an Equalweight.
Wix.com (Nasdaq: WIX) started by a slew of firms:
  • RBC Capital with an Outperform and $22 price target;

  • Needham & Company at Buy and price target of $25. Click Here for more color;

  • BofA/Merrill Lynch with a Buy and price target of $23;

  • JPMorgan with an Overweight and $32 price target; and

  • Oppenheimer with an Outperform and price target of $25.
Barracuda Networks (NYSE: CUDA) initiated by a handful of firms:
  • JPMorgan at Overweight and $25 price target;

  • Morgan Stanley with an Overweight and $28 price target;

  • William Blair with an Outperform. Click Here for more color;

  • Pacific Crest with an Outperform and $28 price target;

  • BofA/Merrill Lynch with a Buy and price target of $26; and

  • JMP Securities at Market Outperform and $25 price target.
LGI Homes (Nasdaq: LGIH) started by several firms today:
  • JPMorgan with an Overweight and $19 price target;

  • Deutsche Bank at Buy and $18 price target. Click Here for more color.

  • JMP Securities at Market Outperform and price target of $18; and

  • BofA/Merrill Lynch at Buy and price target of $19.


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Deutsche Bank, William Blair, JPMorgan, KeyBanc, Raymond James, Morgan Stanley, Needham & Company, RBC Capital, JMP Securities, SunTrust Robinson Humphrey, Twitter, Pacific Crest Securities, Notable Analyst Rating Changes