Notable Analyst Rating Changes 10/06: GS, PTV, KOF, AMX, GLW, GIS Upgraded; DVN, CHK, REP

October 6, 2009 10:54 AM EDT

UPGRADES:
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.

Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.

Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.

Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.

UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.

Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.

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

DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.

Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.

Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.

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

NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target

Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.

Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.

RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.

Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.

Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.

Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.

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


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Stocks Mentioned

AMX 47.01

-0.60 -1.26%
Volume: 2,829,321
Track AMX

ANF 39.73

-0.38 -0.95%
Volume: 3,582,221
Track ANF

AXP 40.93

-0.21 -0.51%
Volume: 10,664,619
Track AXP

CHK 23.03

-0.35 -1.50%
Volume: 13,039,319
Track CHK

DELL 14.29

-1.58 -9.96%
Volume: 94,511,387
Track DELL

DVN 67.50

-1.67 -2.41%
Volume: 4,742,215
Track DVN

GIS 67.94

+0.43 +0.64%
Volume: 2,303,991
Track GIS

GLW 16.41

-0.16 -0.97%
Volume: 9,484,594
Track GLW

GS 170.01

-2.82 -1.63%
Volume: 8,821,894
Track GS

KOF 55.12

-0.70 -1.25%
Volume: 32,271
Track KOF

PTV 23.50

+0.12 +0.51%
Volume: 1,373,957
Track PTV

REP 27.32

-0.30 -1.09%
Volume: 290,400
Track REP

RIMM 59.72

+0.88 +1.50%
Volume: 17,546,424
Track RIMM

SCHW 18.25

-0.06 -0.33%
Volume: 5,899,128
Track SCHW

TIF 41.30

+0.13 +0.32%
Volume: 2,005,038
Track TIF

TWTC 14.64

-0.04 -0.27%
Volume: 338,062
Track TWTC


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