Analyst Upgrades, Downgrades and Initiations: AFL, GPS, LEAP, MGM, NTAP, PG, UA ...

Analyst Upgrades

FBR Capital upgraded MicroStrategy (MSTR) to outperform from market perform after channel checks indicated MicroStrategy 9 product cycle's continued to gain momentum in Q4. The firm raised its target price on shares to $120 from $87.
Following a management meeting, Baird upgraded Woodward Governor (WGOV) to outperform from neutral based on long-term energy control growth opportunities and low Street expectations. The firm raised its target to $33 from $24.
Citigroup upgraded Under Armour (UA) to hold from sell as it believes the company's initiatives in footwear will accelerate growth and share downside is limited at current levels. The firm raised its target on shares to $31 from $24.
Procter & Gamble (PG) was upgraded to buy from neutral at BofA/Merrill.
Aflac (AFL) was upgraded to equal weight from underweight at Barclays.
MGM Mirage (MGM) was raised to buy from neutral at Goldman.

Analyst Downgrades

Oppenheimer downgraded Myriad Genetics (MYGN) to underperform from perform. Oppenheimer expects the company's sales to grow this quarter, but it doesn't believe the growth will be sustainable and it anticipates that the stock will underperform its peers.
Citigroup downgraded Masimo (MASI) to hold from buy on valuation and concerns that consensus estimates could move lower. The firm cut its target price on shares to $30 from $33.
BofA/Merrill downgraded Coca-Cola Femsa (KOF) to neutral from buy based on the Venezuelan devaluation of the bolivar and lack of catalysts.
Chico's FAS (CHS) was cut to neutral from outperform at Credit Suisse.
Leap Wireless (LEAP) was downgraded to neutral from overweight at Piper Jaffray.
Gap (GPS) was lowered to sell from neutral at Goldman.

Analyst Initiations

Inergy Holdings (NRGP) was initiated with a neutral rating and $65 target at BofA/Merrill.
Wells Fargo initiated Ross Stores (ROST) with a market perform rating and $48-$53 valuation range.
Oppenheimer started Camden Property (CPT) with an outperform rating and $48 target.
Education Realty Trust (EDR) coverage was resumed with a market perform rating at Morgan Keegan.
NetApp (NTAP) was initiated with a market perform rating at JMP Securities.