For people who watch and monitor analyst actions, today we had a relatively rare event occur. The two analysts (as tracked by Bloomberg) with the best track records on Nasdaq (NASDAQ:NDAQ) changed their ratings in opposite directions, but now end up with the same rating. Prudential upgraded the stock to a hold from underperform, while CIBC downgraded the stock to a hold from outperform.
Meanwhile, Credit Suisse upgraded Bear Stearns (NYSE:BSC) to Outperform from Neutral and raised their price target on the stock from $172 to $190. See below for their historical calls on Bear Stearns.