Legg Mason (LM) downgraded to Neutral from Buy at Citigroup. Citigroup downgraded Legg Mason citing flow uncertainty and reduced earnings expectations. The firm lowered its price target for shares to $27 from $33
Amazon.com (AMZN) coverage resumed with a Neutral at Goldman Target $190.
Cypress Semi (CY) upgraded to Buy from Hold at Capstone.Capstone upgraded Cypress.Semiconductor due to valuation and touchscreen growth opportunities. Price target is $21.
Patriot Coal (PCX) initiated with a Buy at CRT Capital Target $14.
Rubicon Technology (RBCN) upgraded to Neutral from Sell at Ticonderoga .Ticonderoga upgraded Rubicon based on valuation and expectations for stabilizing wafer prices in early 2012.
Anadarko initiated (APC) with a Neutral at RW Baird Target $85.
Chesapeake initiated (CHK) with an Outperform at RW Baird Target $36.
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