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MOST NOTEWORTHY UPGRADES:

MOST NOTEWORTHY DOWNGRADES:
  • Broadpoint downgraded shares of Cache Inc. (NYSE: CACH) to Neutral from Buy and lowered their estimates after the company reduced its Q4 guidance. The broker also removed its $21 target.
  • Piper downgraded shares of Salix Pharmaceuticals (NASDAQ: SLXP) to Sell from Neutral to reflect concerns over the company's IBD franchise and potential Xifaxan patent concerns.

MOST NOTEWORTHY INITIATIONS:
  • Pacific Crest initiated shares of SuccessFactors (NASDAQ: SFSF) with an Outperform rating and $18 target, and believes the company has better visibility than its On-Demand peers with 2.5 year deals.

Analyst upgrades, downgrades and initiations originally appeared on BloggingStocks on Mon, 31 Dec 2007 12:00:00 EST. Please see our terms for use of feeds.

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