Analyst Calls: GLW, KSU, LYG, MFE, MWV, RIMM, RSG, RY, SRCL, SYMC ...

Analyst Downgrades

• Morgan Stanley downgraded Research In Motion (RIMM) to underweight from overweight and lowered its target to $47 from $95. The firm has increased concerns that RIM could lose market share in enterprise due to Apple's (AAPL) iPhone and Google (GOOG) and notes international country threats to shut down service.
• Goldman downgraded Stericycle (SRCL) to neutral from buy and has a $68 price target on the stock. The firm cites valuation for the downgrade.
• Jefferies downgraded Corning (GLW) to hold from buy and lowered its price target to $18.25 from $24. The firm has increased concerns of a supply chain correction in the coming months.
• McAfee (MFE) was downgraded to market perform from outperform at FBR Capital and Raymond James and to neutral from outperform at Macquarie.
• Boyd Gaming (BYD) was downgraded to sell from hold at Argus.
• Helmerich & Payne (HP) was downgraded to neutral from buy at Sterne Agee.

Analyst Initiations

• Stephens started Kansas City Southern (KSU) with an overweight rating and $44 target.
• Wells Fargo initiated Equifax (EFX) with a market perform rating.
• FBR Capital initiated FBL Financial (FFG) with an outperform rating and $28 target.
• Lumber Liquidators (LL) was initiated with a market perform rating at JMP Securities.
• Royal Bank (RY) was initiated with an outperform rating at Keefe Bruyette.
• AGA Medical (AGAM) was initiated with an overweight rating and $19 target at Piper Jaffray.