Analyst upgrades, downgrades and initiations: BBY, TAP, LGF, FCX, AUY ...

Analyst upgrades:

Deutsche Bank upgraded shares of Camden Property (NYSE: CPT) to Hold from Sell on valuation and believes the company has improved its liquidity position. Despite the upgrade, the firm lowered its target price to $21 from $25.
Goldman added Best Buy (NYSE: BBY) to its Conviction Buy List as it is now the sole dominant retailer in consumer electronics and expects Best Buy's margins to benefit from Circuit City's demise.
Molson Coors (NYSE: TAP) was upgraded to Overweight from Neutral at JP Morgan as it finds the valuation attractive and sees a number of long-term fundamental positive catalysts. The firm has a $47.50 target on shares.
United Rentals (NYSE: URI) and Illinois Tool Works (NYSE: ITW) were upgraded to Buy from Neutral at UBS.
ProLogis (NYSE: PLD) was upgraded to Buy from Neutral at Banc of America/Merrill.

Analyst downgrades:

Oppenheimer downgraded Global Traffic Network (NASDAQ: GNET) to Perform from Outperform following the company's weaker than expected Q2 results and lowered its target price to $6.25 from $7.
Friedman Billings downgraded BankAtlantic (NYSE: BBX) to Underperform from Market Perform to reflect the deterioration of both the company's credit and capital in Q4. The firm lowered its target price to $1 from $5.
RBC Capital downgraded AbitibiBowater (NYSE: ABH) to Underperform from Sector Perform and lowered its target to 50 cents from $2.00 following the company's debt refinancing announcement.
Lions Gate (NYSE: LGF) was cut to Market Weight from Overweight at Thomas Weisel.
Ctrip.com (NASDAQ: CTRP) was downgraded at Goldman to Sell from Neutral.
Molson Coors (NYSE: TAP) was downgraded to Neutral from Buy at Banc of America/Merrill.

Analyst initiations:

Oppenheimer initiated Chattem (NASDAQ: CHTT) with an Outperform rating and believes the company's business model is well suited for the current uncertain consumer environment. The firm has an $80 target on the stock.
Freeport McMoRan (NYSE: FCX) was initiated at BMO Capital with a Market Perform rating and $30 target.
Anglo American (NASDAQ: AAUK) was assumed with a Sell rating at Societe Generale.
Yamana Gold (NYSE: AUY) was started at UBS with a Buy rating.