Notable Analyst Rating Changes 10/02: AAPL, INTC, USB, BBT, CMCSA, WYNN, COST Upgraded; NOK, LTM, PNC Downgraded

October 2, 2009 10:58 AM EDT

UPGRADES:
UBS upgrades Apple (Nasdaq: AAPL) from Neutral to Buy, citing higher iPhone expectations. The firm also raised its price target from $170 to $265. This new target represents the new "Street high". Click here for more color.

Oppenheimer upgrades Intel Corporation (Nasdaq: INTC) from Market Perform to Outperform with a $28 price target.

KBW upgraded shares of US Bancorp (NYSE: USB) and BB&T (NYSE: BBT) from Market Perform to Outperform, citing valuation and strategic opportunities. The firm raised its price target on US Bancorp from $21 to $28 and its target on BB&T from $28 to $33.

Wells Fargo upgrades Comcast (Nasdaq: CMCSA) from Market Perform to Outperform. Valuation range increased to $19-21 from $15-18. Click here to see more color on the upgrade.

Just one day after initiating coverage at a Hold, Soleil has upgraded shares of Wynn Resorts (Nasdaq: WYNN) from Hold to Buy this morning. The firm maintained its $80 price target. Click here for the full report.

Robert W. Baird upgrades Costco Wholesale (Nasdaq: COST) from Neutral to Outperform. The firm also raised its price target from $53 to $65.

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

DOWNGRADES:
Piper Jaffray & Co. downgrades Nokia Corporation (NYSE: NOK) to Neutral. Price target lowered from $16 to $14. Click here to see more color on the downgrade.

Oppenheimer downgrades Life Time Fitness (NYSE: LTM) from Outperform to Perform. Price target increased from $27 to $30.

KBW downgraded shares of PNC Financial (NYSE: PNC) from Market Perform to Underperform and raised the stock's price target from $33 to $39.

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

NEW COVERAGE:
Janney Montgomery Scott analyst initiated coverage on First Solar (Nasdaq: FSLR) with a Buy rating, SunPower (Nasdaq: SPWRA) with a Buy rating, Suntech (NYSE: STP) with a Neutral rating and Yingli Green Energy (NYSE: YGE) with a Neutral rating.

Auriga initiates coverage on Cavium Networks (Nasdaq: CAVM) with a Buy rating and $27 price target. Here is the full report.

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


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Stocks Mentioned

AAPL 199.92

+0.00 +0.00%
Volume: 3,650
Track AAPL

BBT 24.60

+0.00 +0.00%
Volume: 4,902,253
Track BBT

CAVM 20.24

+0.00 +0.00%
Volume: 369,262
Track CAVM

CMCSA 15.01

+0.00 +0.00%
Volume: 33,635,140
Track CMCSA

COST 60.06

+0.00 +0.00%
Volume: 2,696,336
Track COST

FSLR 121.18

+0.00 +0.00%
Volume: 5,620
Track FSLR

INTC 19.24

+0.00 +0.00%
Volume: 5,270
Track INTC

LTM 23.14

+0.00 +0.00%
Volume: 191,577
Track LTM

NOK 13.33

+0.00 +0.00%
Volume: 9,427,893
Track NOK

PNC 54.84

+0.00 +0.00%
Volume: 3,304,044
Track PNC

SPWRA 21.48

+0.00 +0.00%
Volume: 2,161,907
Track SPWRA

STP 15.18

+0.00 +0.00%
Volume: 6,528,013
Track STP

USB 23.29

+0.00 +0.00%
Volume: 11,220,998
Track USB

WYNN 63.88

+0.00 +0.00%
Volume: 2,078,038
Track WYNN

YGE 13.75

+0.00 +0.00%
Volume: 3,645,947
Track YGE


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