CIBC (CM) (RYCEY) (SBAC) (SFSF) (CLF) (CLS) (CM) Ratings, Price Targets

CIBC (CM), Rolls-Royce Group plc (RYCEY), SBA Communications Corp (SBAC), SuccessFactors, Inc. (SFSF), Cliffs Natural Resources Inc. (CLF), Celestica (CLS) and CIBC (CM) ratings and price targets.

UBS AG (NYSE:UBS) downgraded Rolls-Royce Group plc (RYCEY) from a “Neutral” rating to a “Sell” rating.

Macquarie initiated coverage on SBA Communications Corp (SBAC). They placed a “Neutral” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on SuccessFactors, Inc. (SFSF). They placed a “Buy” rating on the company.

Bank of America (NYSE:BAC) lowered its price target on Cliffs Natural Resources Inc. (CLF) to $90.00.

Ticonderoga downgraded Celestica (CLS) from a “Neutral” rating to a “Sell” rating. They have a price target of $5.00 on the company.

UBS AG downgraded CIBC (CM) from a “Buy” rating to a “Neutral” rating.