Research Analyst's Up/Downgrades ( LTC, HMY, CAVM, CY, ATML, TXN, WDC, ABX, TAP, FWRD )

Published on Tuesday, 24 January 2012 09:19 Written by Christian Paolinetti

New York, January 24th (TradersHuddle.com) - Research Calls ahead of the market open.

LTC Properties (NYSE:LTC) was downgraded to Market Perform from Outperform at JMP Securities.

Harmony Gold (NYSE:HMY) was upgraded to a Buy from Neutral at UBS.

Cavium (NASDAQ:CAVM) was downgraded to a Sell from Hold at Wunderlich. The firm lowered its target price to $23 from $25 given what it believes are overly optimistic expectations for future growth, competitive headwinds, and current valuation.

Cypress Semiconductors (NASDAQ:CY) was downgraded to a Hold from Buy at Needham.

Atmel Corporation (NASDAQ:ATML) was downgraded to a Hold from Buy at Needham.

Texas Instruments (NYSE:TXN) was downgraded to a Hold from Buy at Kaufman Brothers. The firm raised its target price to $35 from $32, following its earnings report.

Western Digital (NYSE:WDC) was upgraded to a Buy from Hold at Needham. The firm set its target price at $41, following the company's earnings report.

Barrick Gold (NYSE:ABX) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

Molson Coors Brewing (NYSE:TAP) was downgraded to a Neutral from Buy at UBS.

Forward Air Corp. (NASDAQ:FWRD) was downgraded to a Neutral from Buy at SunTrust.