Notable Analyst Rating Changes 5/20: (LC) (SPLK) (CSOD) Upgraded; (LUV) (WAL) (STI) Downgraded

May 20, 2015 10:43 AM EDT

UPGRADES
Morgan Stanley upgraded Lending Club (NYSE: LC) from Equalweight to Overweight.

Macquarie upgraded Splunk (Nasdaq: SPLK) from Neutral to Outperform with a price target of $97.

Needham & Company assumed coverage and upgraded Cornerstone OnDemand (Nasdaq: CSOD) from Buy to Strong Buy and moves its price target from $34 to $40. Click Here for more color.

Pivotal Research upgraded Cablevision (NYSE: CVC) from Hold to Buy and moves its price target from $18 to $31. Click Here for more color.

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

DOWNGRADES
Buckingham Research drops Southwest (NYSE: LUV) from Buy to Neutral and moves its price target from $60 to $45.

Keefe, Bruyette & Woods cuts Western Alliance Bancorporation (NYSE: WAL) from Outperform to Market Perform with a price target of $34.

SunTrust Banks (NYSE: STI) downgraded by two:

  • Baird from Neutral to Underperform, while also moving its price target from $39 to $41; and
  • Keefe, Bruyette & Woods from Outperform to Market Perform with a price target of $45.

Ladenburg Thalmann chops Crestwood Midstream Partners LP (NYSE: CMLP) from Buy to Neutral and removed its $26 price target.

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

NEW COVERAGE
Evercore ISI initiates FireEye, Inc (Nasdaq: FEYE) with a Buy rating and a price target of $50.

Baird starts SunEdison (NYSE: SUNE) with a Outperform rating and a price target of $35. Click Here for more color.

Barclays resumes Comcast Corp (Nasdaq: CMCSA) at Overweight with a price target of $68.

CLSA initiates Blackhawk Network (Nasdaq: HAWK) with an Underperform rating and a price target of $38.

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

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Keefe, Bruyette & Woods, Morgan Stanley, Robert W Baird, Needham & Company, Barclays, Buckingham Research, Ladenburg Thalmann Financial Services, Notable Analyst Rating Changes