Credit Suisse First Boston

analyst Amit Chopra raised his price target on

IBM

(IBM) - Get Report

to 150 from 125, while reiterating his buy rating on the stock.

Upgrades

BMC Software

(BMCS)

: price target UP to 30 from 22 at

Merrill Lynch

.

Resonate

(RSNT)

: ADDED to recommended for purchase list at

Goldman Sachs

.

Downgrades

Covance

(CVD)

: DOWN to hold from buy at Credit Suisse First Boston.

Initiations

California Pizza Kitchen

(CPKI)

: NEW buy at

Deutsche Banc Alex. Brown

.

Entravision Communications

(EVC) - Get Report

: NEW buy at

Donaldson Lufkin & Jenrette

.

Floware

(FLRE)

: NEW buy at Credit Suisse First Boston.

Signalsoft

(SGSF)

: NEW buy at

Lehman Brothers

.

Western Multiplex

(WMUX)

: NEW buy at Lehman Brothers; price target of 27; NEW strong buy at

CIBC Worlds Markets

.

Group Moves

Deutsche Banc Alex. Brown rolled out coverage of two pharmaceutical companies:

  • Genaissance Pharmaceuticals (GNSC) : strong buy.
  • Inspire Pharmaceuticals (ISPH) : strong buy; price target of 25.