Notable Analyst Rating Changes 10/19: AXP, NOV, EL, DKS Upgrade; FNM/FRE, ANF, MAT, LUV Downgrade

October 19, 2009 11:11 AM EDT

UPGRADES:
FBR Research upgrades American Express (NYSE: AXP) from Underperform to Market Perform. Price target increased from $25 to $37. Click Here for more color.

Raymond James upgrades National Oilwell Varco (NYSE: NOV) from Strong Buy to Outperform.

RBC Capital upgrades Estee Lauder (NYSE: EL) from Underperform to Sector Perform.

Piper Jaffray upgrades Dick's Sporting Goods (NYSE: DKS) from Underweight to Neutral. Price target increased from $18 to $28. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Keefe, Bruyette, and Woods downgrades both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Underperform and cut their price targets to $0. Click Here for more color.

Brean Murray downgrades Abercrombie & Fitch (NYSE: ANF) from Hold to Sell.

Morgan Joseph downgrades Mattel (NYSE: MAT) to Hold. Click Here for more color.

JP Morgan downgrades Southwest Airlines (NYSE: LUV) to Underweight.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Barclays resumes coverage on Pfizer (NYSE: PFE) with an Overweight rating. Price target $21.

Citi initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy rating. Price target $21.

RBC Capital initiates coverage on Terex (NYSE: TEX) with an Outperform rating.

Wells Fargo resumes coverage on CenturyTel, Inc. (NYSE: CTL) with an Outperform rating. Valuation Range $38-40. Click Here for more coverage.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ANF 40.81

+1.39 +3.53%
Volume: 4,127,699
Track ANF

AXP 41.72

+0.28 +0.68%
Volume: 7,082,069
Track AXP

CTL 36.22

+0.55 +1.54%
Volume: 3,508,129
Track CTL

DKS 21.77

+0.62 +2.93%
Volume: 1,603,517
Track DKS

EL 48.22

+0.17 +0.35%
Volume: 1,202,618
Track EL

FNM 0.99

-0.01 -1.00%
Volume: 19,833,268
Track FNM

FRE 1.12

-0.01 -0.88%
Volume: 10,259,154
Track FRE

LUV 9.10

+0.16 +1.79%
Volume: 5,536,206
Track LUV

MAT 19.91

-0.52 -2.55%
Volume: 2,642,333
Track MAT

MRVL 15.90

+0.24 +1.53%
Volume: 6,977,311
Track MRVL

NOV 44.88

+0.88 +2.00%
Volume: 4,064,694
Track NOV

PFE 18.59

+0.28 +1.53%
Volume: 42,137,020
Track PFE

TEX 19.91

+0.39 +2.00%
Volume: 1,220,135
Track TEX


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