Analyst Calls: BBY, CPSI, CRAI, MAR, PALM, RIMM, SLB, SYNA, TTEK, WFT ...

Analyst Upgrades

Auriga upgraded Computer Programs & Systems (CPSI) to hold from sell after channel checks indicated Q1 could be the bottom for stagnation of new system sales. The firm raised its target for shares to $38 from $32.
Janney Montgomery upgraded Tetra Tech (TTEK) to buy from neutral due to valuation. The firm has a $26 price target on the stock.
Deutsche Bank upgraded Energy Transfer Equity (ETE) to buy from hold and raised its target for shares to $40 from $27.
Best Buy (BBY) was upgraded to buy from neutral at Goldman.
Mariott (MAR) was raised to buy from sell at Societe Generale.
Telus (TU) was upgraded at TD Newcrest to action list buy from buy.

Analyst Downgrades

Oppenheimer downgraded Synaptics (SYNA) to perform from outperform after its channel checks suggested the company continued to lose market share.
William Blair downgraded CRA International (CRAI) to market perform from outperform following the company's Q1 results.
Palm (PALM) was downgraded to sell from hold at Kaufman Bros. following the company's Q3 results. The firm has a $3 price target. Also, Morgan Joseph downgraded Palm to sell from hold and cut its target to $0. The firm doubts Palm can survive and they do not expect a strategic buyer will approach the company.
DirecTV (DTV) was downgraded to hold from buy at Citigroup.
Gran Tierra Energy (GTE) was downgraded to neutral from buy at UBS.
Weatherford (WFT) was downgraded to hold from buy at Jefferies.

Analyst Initiations

Wunderlich expects expansion into underserved regions to serve as a catalyst for Research in Motion (RIMM) shares. The firm set a buy rating and $96 price target on the stock.
Oppenheimer started Schlumberger (SLB) and Weatherford (WFT) with outperform ratings and Halliburton (HAL) and Baker Hughes (BHI) with perform ratings. The firm has an $82 target on Schlumberger and a $23 target on Weatherford.
BB&T started Staples (SPLS) with a buy rating and $29 target.
IPC The Hospitalist Co. (IPCM) was initiated with a sector perform rating at RBC Capital.
Pacific Sunwear (PSUN) was initiated with a hold rating at KeyBanc.
Boardwalk Pipeline (BWP) was initiated with an hverweight rating and $31 target at JPMorgan.