Analyst Upgrades, Downgrades and Initiations: CSTR, CTCM, CZZ, JEF, ONB, UNH ...

Analyst Upgrades

Keefe Bruyette upgraded Jefferies (JEF) to outperform from market perform based on valuation and improved M&A advisory and underwriting prospects. The firm has a $30 target on the shares.
JPMorgan upgraded Cosan (CZZ) to overweight from neutral based on valuation.The firm has a $10 target on shares.
Deutsche Bank upgraded CTC Media (CTCM) to buy from hold, citing better-than-expected operational performance and the impact of recent ad law changes. The firm has a $17 target on shares.

Analyst Downgrades

Standpoint Research downgraded UnitedHealth (UNH) to hold from accumulate based on valuation.

Analyst Initiations

RBC Capital initiated Old National Bancorp (ONB) with a sector perform. The firm has a $13 price target on the shares.
Global Hunter believes Coinstar (CSTR) has solid financials and is well-positioned to grow despite the weak consumer environment. The firm initiated Coinstar with a buy and has a $45 target on shares.
Credit Suisse assumed coverage of DynCorp (DYN) with a neutral and has a $17 target on shares.
Liberty Media (LSTZA, LCAPA) was initiated with a hold at Collins Stewart.
Neogen (NEOG) was initiated with a hold at Soleil.
Fifth Street Finance (FSC) was initiated with an outperform at RBC Capital.