Top Analyst Upgrades & Downgrades (ADBE, ALTR, BUD, CIEN, DOV, HGSI, ISRG, NTAP, NFLX, PEET, RL, SMTC, STP, UPS, WMB)

Adobe Systems Inc. (NASDAQ: ADBE) Reiterated Buy and Raised target to $40 at BofA/ML.
Altera Corp. (NASDAQ: ALTR) Reiterated Buy and $52 target at Gleacher & Co.
Anheuser-Busch InBev (NYSE: BUD) Raised to Buy at Goldman Sachs.
Ciena Corporation (NASDAQ: CIEN) Reiterated Buy and Raised 12-mo. target to $30 at Argus.
Dover Corporation (NYSE: DOV) Started as Neutral with $70 target at Credit Suisse.
Human Genome Sciences, Inc. (NASDAQ: HGSI) Maintained Outperform and Raised target to $34 at Credit Suisse.
Intuitive Surgical, Inc. (NASDAQ: ISRG) Started as Buy at Collins Stewart (late-yesterday call).
NetApp, Inc. (NASDAQ: NTAP) Cut to Neutral at Susquehanna.
Netflix, Inc. (NASDAQ: NFLX) Reiterated Buy and $275 target at BofA/ML.
Peet’s Coffee & Tea Inc. (NASDAQ: PEET) Cut to Sell at Janney.
Polo Ralph Lauren Corp. (NYSE: RL) named as Bull of the Day at Zacks Investment Research.
Semtech Corporation (NASDAQ: SMTC) Reiterated Buy and raised target to $29 at Gleacher & Co.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Cut to Underweight at HSBC.
United Parcel Service, Inc. (NYSE: UPS) Reiterated Buy and $82 target at Bof/ML.
Williams Companies Inc. (NYSE: WMB) Reiterated Buy and raised target to $36 at Argus.

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JON C. OGG