Upgrades & Downgrades: March 9th, 2011

Transocean (RIG) initiated with a Market Perform rating at Morgan Keegan with a price target of $87. Shares are up 1.48% to $85.13 in pre-market trading. Demand Media (DMD) initiated with an Outperform rating at JMP Securities with a price target of $30. Citigroup downgraded Potash (POT) to Hold from Buy. The firm cited valuation and the company’s lack of near-term catalysts. Its price target was dropped to $60 from $67. Citigroup also downgraded Mosaic (MOS) to Hold from Buy. The firm cited valuation and the company’s lack of near-term catalysts. It dropped its price target for MOS to $84 from $92.

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