Analyst Calls: CBI, CLX, PBR, PSYS, SWSI, SONC, SBUX, UNH, VRUS, WU ...

Analyst Downgrades

• Wells Fargo downgraded Psychiatric Solutions (PSYS) to market perform from outperform on valuation, as it believes that a buyer would pay in the low $30-mid-$30 range to acquire the company.
• Stephens downgraded Superior Well Services (SWSI) to equal weight from overweight to reflect uncertainty surrounding the company's execution. The firm maintains a $17 price target on shares.
• William Blair downgraded Western Union (WU) to market perform from outperform to reflect a lack of near-term catalysts.
• UnitedHealth (UNH) was downgraded to buy from conviction buy at Goldman.
• Ship Finance (SFL) was downgraded to neutral from overweight at JPMorgan.
• Alcatel-Lucent (ALU) was downgraded to hold from buy at RBS.

Analyst Initiations

• Citigroup expects Pharmasset's (VRUS) RG7128 to become a major drug in the hepatitis C market. The firm set a buy rating and a $34 price target for shares.
• Piper Jaffray initiated Green Plains (GPRE) with an overweight rating and $19 target. The firm thinks the company's earnings will rise significantly over the next two years on higher production margins and potential highly accretive M&A activity.
• Oppenheimer believes IFM Investments (CTC) is well positioned to benefit from growth in China's real estate industry. The firm set an outperform rating and a $9 price target on the stock.
• Petrobras (PBR) was initiated with a buy rating at Nomura.
• Western Union (WU) was initiated with a positive rating and $19 target at Susquehanna.
• SAIC Inc. (SAI) was initiated with a hold rating at CK Cooper.