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MIGP posts

Analyst upgrades, downgrades and initiations

MOST NOTEWORTHY UPGRADES:

Potash Corp. (NYSE: POT) was upgraded to Buy from Neutral at Goldman based on the company's unprecedented sustainable pricing power.

MOST NOTEWORTHY DOWNGRADES:

Resources Connection (NASDAQ: RECN) was downgraded to Equal Weight from Overweight at Morgan Stanley.

MOST NOTEWORTHY INITIATIONS:

Credit Suisse believes Willbros Group Inc. (NYSE: WG) is well-positioned to capitalize on increased pipeline construction. The firm started shares with an Outperform rating and $46 target.
CIBC, which said Rubicon Tech (NASDAQ: RBCN) is the leading sapphire supplier with the most advanced and highest quality substrate, views the company as uniquely positioned to leverage fast ramping LED volumes as new applications drive demand. CIBC initiated Rubicon with a Sector Outperformer rating and $23 target.
Citigroup initiated El Paso Pipeline (NYSE: EPB) with a Buy rating and $28 target.
Keefe Bruyette initiated Mercer Insurance (NASDAQ: MIGP) with a Market Perform rating and $19 target.
Internet Brands (NASDAQ: INET) was initiated with an Overweight rating and $14 target at Thomas Weisel.