Analyst Upgrades, Downgrades and Initiations: ACTU, EWBC, FINL, FTNT, GIII, HOTT, RAME ...

Analyst Upgrades

B. Riley upgraded Hot Topic (HOTT), citing valuation, increased holiday traffic once promotions began, and views upcoming difficult Q4/Q1 comps as a buying opportunity ahead of a turnaround. The firm has a target of $8.30 on shares.
Wunderlich upgraded RAM Energy (RAME) as it believes that the company has successfully survived a difficult year. The firm thinks the company's debt level is high but manageable while its production should increase over the next several years. The firm set a $4 target on shares.
Roth Capital upgraded Actuate (ACTU), citing recent share weakness, the recent Xenos deal and the improving economy, both of which should improve growth. The firm has a target of $5.50 on the shares.
Finish Line (FINL) upgraded to buy from neutral at Stern Agee.

Analyst Downgrades

Analyst Initiations

Qiagen (QGEN) coverage was transferred with a market perform at Leerink. Leerink views shares of Qiagen as fully valued.
G-III Apparel (GIII) was initiated with an overweight at Piper Jaffray. The firm has a $24 target on shares.
Fortinet (FTNT) initiated with a buy at Deutsche Bank. The firm has a $20 target on shares. Fortinet was also initiated with an outperform at RW Baird.
Altisource Solutions (ASPS) was initiated with an overweight at Piper Jaffray.

Tags: ACTU, analyst upgrades, ASPS, downgrades, EWBC, FINL, FTNT, GIII, HOTT, initiations, inthenews, QGEN, RAME