In Play & on the wires
Upgrades
NFLX -Netflix tgt raised to $280 from $240 at Piper Jaffray
AMRS – Amyris upgraded to Outperform from Market Perform at Raymond James
HOG – Harley-Davidson: Effects of tsunami could lead to market share gains for H-D – Wedbush
TXN – Texas Instruments upgraded to Outperform at Pacific Crest
NSTC – Ness Tech: Takeout rumors resurface; stock up on speculation and improving fundamentals – BGB Securities
PNR – Pentair upgraded to Outperform at Wedbush; tgt raised to $47
CBST – Cubist Pharma upgraded to Outperform at Wedbush; tgt raised to $32
OLN – Olin also trading modestly higher with move attributed to tier 1 firm upgrade
MCP – Molycorp: A Small acquisition that should produce large returns – Dahlman Rose
CME – CME Group: March ADV trends continue y/y improvement; estimates raised – Stifel Nicolaus
CSTR – Coinstar upgraded to Outperform from Market Perform at Northland Securities; tgt $56 saying redbox 1Q performance is tracking ahead of numbers
ZION – Zions Bancorp upgraded to Buy from Neutral at Suntrust
FWRD – Forward Air upgraded to Buy from Neutral at Suntrust
COF – Capital One ests and target raised to $64 at Stifel Nicolaus
GEOY – GeoEye initiated with Outperform at Raymond James
JPM – JPMorgan Chase and Wells Fargo (WFC) initiated with Outperforms at Macquarie
BP – BP target ests and raised to $70 at The Benchmark Company
HCA – HCA initiated with a Buy at UBS; tgt $40
C – Citigroup upgraded to Outperform from Market Perform at Bernstein
CTRP – Ctrip.com upgraded to Positive from Neutral at Susquehanna
Downgrades
AXP – American Express: Less credit leverage with more interchange risk – Stifel
CREE – Hearing downgraded at tier 1 firm
MAR – Marriott downgraded to Hold at Argus
CLR, WLL, GEOI – Global Hunter downgrades all
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