Upgrades:
Downgrades:
Other:
Microsoft (MSFT) initiated with a Market Perform at William Blair
Yahoo! (YHOO) target raised to $39 from $38 at RBC Capital Mkt
Yahoo! (YHOO) target raised to $43 from $42 at UBS
Yahoo! (YHOO) maintained with a Neutral at Mizuho
IBM (IBM) target raised to $186 from $166 at Drexel Hamilton