October 1, 2009 - Below is a list of stocks receiving an Upgrade or a Downgrade today.
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Stock Upgrades - 10/1/09
Alcoa, Inc. (AA) - Upgraded at Deutsche Bank - $17 Price Target
Apple Inc. (AAPL) - Upgraded at Oppenheimer
AutoZone Inc. (AZO) - Initiated at Barclays - $165 Price Target
Bank of America Corporation (BAC) - Wells Fargo believe the resignation of CEO Ken Lewis is positive for the stock
Big Lots Inc. (BIG) - Upgraded at JP Morgan - $30 Price Target
Bronco Drilling Co. Inc. (BRNC) - Upgraded at UBS - $7 Price Target
Catalyst Pharmaceutical Partners Inc. (CPRX) - ( Penny Stock ) - Upgraded at Merriman to Neutral from Sell - Company has addressed phase 2 cocaine trial failure.
Chesapeake Energy Corporation (CHK) - Initiated at Oppenheimer - $35 Price Target
Consolidated Edison Inc. (ED) - Upgraded at Jefferies with $46 Price Target
CSX Corp. (CSX) - Initiated at Deutsche Bank - $50 Price Target
Diana Shipping Inc. (DSX) - Initiated at Deutsche Bank - $20 Price Target
East West Bancorp Inc. (EWBC) - Upgraded at Keefe Bruette - $11 Price Target
El Paso Electric Co. (EE) - Upgraded at Jefferies - $20.50 Price Target
FedEx Corporation (FDX) - Initiated at Deutsche Bank - $98 Price Target
First Cash Financial Services Inc. (FCFS) - Upgraded at JMP Securities - $23.50 Price Target
Force Protection Inc. (FRPT) - Upgraded at Collins Stewart - $7 Price Target
Las Vegas Sands Corp. (LVS) - Initiated at Soleil - Price Target $20
Medtronic, Inc. (MDT) - Initiated at JMP Securities - $44 Price Target
MGM Mirage (MGM) - Initiated at Soleil - $13 Price Target
ON Semiconductor Corp. (ONNN) - Initiated at Goldman Sachs - $10 Price Target
O'Reilly Automotive Inc. (ORLY) - Initiated at Barclays - $44 Price Target
Southern Company (SO) - Upgraded at Jefferies - Price Target $35.50
Ultra Petroleum Corp. (UPL) - Upgraded at Credit Suisse - $50 Price Target
United Parcel Service, Inc. (UPS) - Initiated at Deutsche Bank - $60 Price Target
Stock Downgrades - 10/1/09
Akamai Technologies Inc. (AKAM) - Downgraded at Merriman concerning CDN pricing
Eagle Bulk Shipping, Inc. (EGLE) - Initiated at Deutsche Bank - $3 Price Target
EnerNOC, Inc. (ENOC) - Downgraded at Janney Montgomery - Price Target $35 from $30
Entergy Corp. (ETR) - Downgraded at Jefferies - Price Target - $87
Excel Maritime Carriers, Ltd. (EXM) - Initiated at Deutsche Bank - $6 Price Target
KB Home (KBH) - Downgraded at Credit Suisse - $19 Price Target
Leap Wireless International Inc. (LEAP) - Downgraded at JP Morgan
Microsoft Corporation (MSFT) - Downgraded at Goldman Sachs - $30 Price Target
NVIDIA Corporation (NVDA) - Downgraded at JP Morgan - $11.50 Price Target
PMC-Sierra Inc. (PMCS) - Downgraded at Goldman Sachs - $10 Price Target
Rockwood Holdings Inc. (ROC) - Downgraded at Credit Suisse - $22 Price Target
Saks Incorporated (SKS) - Downgraded at JP Morgan - $7 Price Target
YRC Worldwide Inc. (YRCW) - Initiated with a Hold Rating - $4.50 Price Target
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