piper jaffray co

UPGRADES Deutsche Bank upgrades Constellation Brands (NYSE: STZ) from Neutral to Buy.

Revises price target to $23. Click Here for more color.

Goldman Sachs upgraded McKesson Corporation (NYSE: MCK) from Neutral to Buy and added the stock to its Conviction Buy list and raised their price target from $70 to $80.

Piper Jaffray & Co. upgrades Exelixis, Inc.

EMCORE Corporation (EMKR) 9.6% HIGHER; reports Q4 loss of $0.17, versus the analyst estimate of ($0.12). Revenue for the quarter was $40.5 million, which compares to the estimate of $39.8 million.

Sees Q110 revs of $41 - $43 million, versus $40.6 consensus. G-III Apparel Group, Ltd. (Nasdaq: GIII) 7.2% LOWER; intends to offer shares of its common stock in a public offering.

Piper Jaffray & Co. is acting as the sole book-running manager, with Lazard Capital Markets acting as co-lead manager of the offering.

Brean Murray, Carret & Co.

UPGRADES: Goldman Sachs upgraded Coach (NYSE: COH) from Neutral to Buy and raises their price target from $37 to $42.

Goldman also upgraded Nordstrom (NYSE: JWN) from Neutral to Buy and raised their price target form $39 to $41.

Deutsche Bank upgrades Dry Bulk Stocks Genco Shipping & Trading (NYSE: GNK), Euroseas, Ltd. (Nasdaq: ESEA), and Eagle Bulk Shipping (Nasdaq: EGLE). Click here for more color on the upgrades.

UPGRADES: Bank of America upgrades Allstate (NYSE: ALL) from Neutral to Buy and raises their price target form $32 to $33.

Bank of America upgrades Cree, Inc. (Nasdaq: CREE) from Underperform to Neutral. Price target increased from $23 to $35.

Bank of America upgrades Liberty Media Interactive (Nasdaq: LINTA) from Underperform to Buy and raises their price target from $3.25 to $15.

JP Morgan upgrades Commercial Vehicle Group (Nasdaq: CVGI) from Underweight to Overweight, with a $7 price target.

Piper Jaffray & Co.

UPGRADES: Citigroup upgrades American Express Company (NYSE: AXP) from Hold to Buy, saying credit has stabilized.

The firm lifted their price target to $36. Citi also added shares of AmEx to its Top Picks Live list. Sanford C.

Bernstein upgrades MGM Mirage (NYSE: MGM) from Underperform to Market Perform and lifted their price target from $7 to $9, citing a more stable financial envoirnment.

Keefe, Bruyette & Woods upgrades Fortress Investment Group LLC (NYSE: FIG) to Outperform. Price target $6.50.

UPGRADES: Baird upgrades McKesson (NYSE: MCK) from Neutral to Outperform.

Price target increased from $46 to $60. RBC Capital upgrades Campbell Soup (NYSE: CPB) from Underperform to Sector Perform.

Piper Jaffray & Co. upgrades Coach, Inc. (NYSE: COH) from Neutral to Overweight. Price target increased from $23 to $32. Click here to see more color on the upgrade.

UPGRADES: BofA and RBC upgrade eBay (Nasdaq: EBAY) to Neutral and Outperform, respectively.

Goldman Sachs upgrades AnnTaylor Stores Corp. (NYSE: ANN) from Neutral to Buy with a $13 price target, citing major execution opportunities and good risk/reward.

Piper Jaffray & Co. upgrades NetApp, Inc. (Nasdaq: NTAP) from Neutral to Overweight. Price target increased from $18 to $28.

UPGRADES: Deutsche Bank upgrades Int'l Paper (NYSE: IP) and Packaging Co of America (NYSE: PKG) from Hold to Buy.

Price target $24 for both companies. Click here for more color.

Goldman Sachs upgrades El Paso Pipeline Partners, L.P. (NYSE: EPB) to its Conviction Buy List, with a $22 price target.

The firm said recent weakness is unjustified.

UPGRADES: Bank of America upgrades Intel (Nasdaq: INTC) from Neutral to Buy and raises their price target from $16 to $19, citing declining costs and upside to gross margins.

Keefe, Bruyette & Woods upgrades KeyCorp (NYSE: KEY) from Market Perform to Outperform. Price target $8. Click here for more color on the upgrade.

Goldman Sachs upgrades Kohl's Corp.

StreetInsider.com Notable Analyst Rating Changes: UPGRADES: Piper Jaffray & Co. upgrades Nordstrom, Inc.

(NYSE: JWN) from Neutral to Buy. Price target increased $1 to $25. Click here for full color on the upgrade.

Bank of America upgrades Zale (NYSE: ZLC) from Neutral to Buy and raises their price target from $1.60 to $5.

Barclays upgrades CBS Corp. (NYSE: CBS) from Underweight to Equalweight.