Upgrades
C – UBS initiates coverage of the universal bank and brokerage sector with a favorable long term view
FEIC – FEI upgraded to Buy from Neutral at Merriman
AAPL – Apple resumed with a Outperform at Oppenheimer
MA – MasterCard target raised to $315 from $295 at Oppenheimer following earnings
CBS – CBS upgraded to Overweight from Neutral at Piper Jaffray
RIG – Transocean upgraded to Neutral at Global Hunter Securities
HRS – Harris target raised to $63 from $56 at The Benchmark Company
BYD – Boyd Gaming ticking higher; strength attributed to tier 1 firm upgrade
VCLK – ValueClick upgraded to Buy from Neutral at Merriman
Downgrades
FSLR – First Solar target lowered to $170 from $181 at Brean Murray
MEE – Massey Energy downgraded to Hold at Dahlman Rose – ahead of expected early June deal close
TWX – Time Warner: Q1 mixed: Higher rev, lower profit – Collins Stewart
AMAG – AMAG Pharma downgraded to Market Perform from Outperform at Leerink Swann
SAN – Banco Santander initiated with a Market Perform at Raymond James
TAP – Molson Coors Brewing target lowered to $50 from $52 at Stifel Nicolaus
DGI – DigitalGlobe downgraded to Hold at The Benchmark Company; tgt lowered to $30
CEDC – Central European Dist downgraded to Neutral from Buy at Goldman
CHK – Chesapeake Energy downgraded to Accumulate from Buy at Global Hunter (
FWLT – Foster Wheeler target lowered to $44 from $48 at Stifel Nicolaus
STD – Banco Santander Central downgraded to Reduce from Neutral at WestLB
QSFT – Quest Software target lowered to $27 from $30 at Stifel Nicolaus
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