Notable Analyst Rating Changes 12/30: (RDC) (OZRK) Downgraded

December 30, 2011 11:47 AM EST
DOWNGRADES
Global Hunter Securities resumes Rowan Companies (NYSE: RDC) with an Accumulate rating (from Buy), its price target moved from $42 to $36. Click Here for more color.

Stephens' Matt Olney downgrades Bank of the Ozarks (Nasdaq: OZRK) from Overweight to Equal Weight, while boosting its price target from $28 to $32.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Piper Jaffray starts Communications sector Friday morning, each with Neutral ratings:
  • Frontier Communications (NYSE: FTR), and $5 price target;

  • Windstream (NYSE: WIN), and $12 price target; and

  • Cincinnati Bell (NYSE: CBB), and $3.50 price target.
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Piper Jaffray, Notable Analyst Rating Changes