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Friday, October 9, 2009

Upgrades & Downgrades October 9, 2009

October 9, 2009 - Below is a list of stocks receiving an Upgrade or a Downgrade today.

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Stock Upgrades - 10/9/09

Barclays Upgrades the IT Hardware Sector from Neutral to Positive - these stocks include:

Intel Corporation (INTC) - Hewlett-Packard Company (HPQ) - Dell Inc. (DELL) - Apple Inc. (AAPL) - Microsoft Corporation (MSFT) - Brocade Communications Systems, Inc. (BRCD) - Oracle Corp. (ORCL)

AK Steel Holding Corp. (AKS) - Upgraded at Deutsche Bank - $22.50 Price Target

Bristol-Myers Squibb Co. (BMY) - Initiated at Wells Fargo - $25-$27 Price Target

Cadence Pharmaceuticals Inc. (CADX) - Upgraded at JMP Securities - $15 Price Target

China Natural Gas, Inc. (CHNG) - Initiated at Roth Capital - $18 Price Target

Cree Inc. (CREE) - Initiated at JP Morgan - Overweight Rating

JPMorgan Chase & Co. (JPM) - Initiated at Raymond James - $60 Price Target

LSI Corporation (LSI) - Upgraded at Barclays

Marriott International, Inc. (MAR) - Upgraded of B of A - Buy Rating

NetApp, Inc. (NTAP) - Upgraded at ThinkEquity - Buy Rating

Netease.com Inc. (NTES) - Recommended at Pali Capital - Neutral Rating

Netflix, Inc. (NFLX) - Recommended at Kaufman Brothers - Buy Rating

Patriot Coal Corporation (PCX) - Upgraded at BMO Capital - Market Perform

Research In Motion Ltd. (RIMM) - Upgraded at RW Baird - $84 Price Target

Research In Motion Ltd. (RIMM) - Recommended at RBC Capital - Buy Rating

Savient Pharmaceuticals, Inc. (SVNT) - Upgraded at Oppenheimer - $17 Price Target

Stewart Enterprises Inc. (STEI) - Initiated at Soleil - $6.50 Price Target

Vertex Pharmaceuticals Incorporated (VRTX) - Initiated at RBC Capital - $43 Price Target

VIACOM INC CL A (VIA) - Upgraded at Piper Jaffray - $35 Price Target


Stock Downgrades - 10/9/09

Aeropostale Inc. (ARO) - Downgraded at Goldman Sachs - $41 Price Target

Akamai Technologies Inc. (AKAM) - Downgraded at Thomas Weisel - Market Weight

Arcelor Mittal (MT) - Downgraded at UBS

Helen of Troy Limited (HELE) - Initiated at RBC Capital - $23 Price Target


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