Analyst Calls: AMSC, CBOE, ERTS, ESV, JCP, PDE, SMSI, TTWO, UAL, WFMI ...

Analyst Upgrades

JPMorgan upgraded Smith Micro (SMSI) to overweight from neutral and raised its price target to $15 from $9, citing the release of a WiFi iPad with MiFi from Verizon and Apple.
Jefferies upgraded Whole Foods (WFMI) to buy from hold and raised its price target to $45 from $36, citing checks that indicate sales are accelerating and the company has been focused on expense control.
Wells Fargo upgraded Ensco (ESV) and raised its price target to $54 to $56 from $46 to $47, citing valuation, the lifted deepwater drilling ban and higher oil prices.
Gran Tierra Energy (GTE) was upgraded to buy from hold at Wunderlich, citing the company's Moqueta oil discovery as well as other near-term exploration opportunities, and raised its price target to $12.50 from $7.00.
Chico's FAS (CHS) was upgraded to buy from hold at KeyBanc and set a $13 price target.
UR-Energy (URE) was upgraded to buy from hold at KeyBanc.

Analyst Downgrades

Deutsche Bank downgraded American Superconductor (AMSC) to hold from buy with a $36 price target, citing a lack of near-term catalysts and valuation.
Wells Fargo downgraded Pride International (PDE) to market perform from outperform but raised its target range for shares to $34 to $36 from $32 to $35, citing valuation.
ThinkEquity downgraded Anadys Pharma (ANDS) to hold from buy and lowered its price target to $2 from $7, citing Anadys' decision to raise $23M in an equity offering.
JCPenney (JCP) was downgraded to equal weight from overweight at Barclays and keeps a $30 price target.
QLogic (QLGC) was downgraded to equal weight from overweight at Morgan Stanley.
Smith & Nephew (SNN) was downgraded to neutral from outperform at Exane BNP Paribas.

Analyst Initiations

Citigroup initiated United Continental (UAL) with a buy and $34 price target.
Leerink initiated Bio-Rad (BIO) with a market perform and a $95 to $103 valuation range.
Deutsche Bank initiated CBOE Holdings (CBOE) with a hold and a $23 price target.
Longbow initiated videogame industry stocks, including Activision (ATVI) with a neutral, THQ (THQI) with a neutral, Electronic Arts (ERTS) with a buy and a $22 price target, and Take-Two (TTWO) with a buy and a $13 price target.