Notable Analyst Rating Changes 10/15: JPM, PCG, NVLS, PRX Upgrade; BJS, BHI, SCHW, AZ, TRV, LAZ Downgrade

October 15, 2009 10:44 AM EDT

UPGRADES:
Fox-Pitt upgrades JPMorgan Chase (NYSE: JPM) from In-line to Outperform. Price target increased to $55 from $38.

UBS upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

Citi upgrades Novellus (Nasdaq: NVLS) from Hold to Buy. Price target increased from $19.50 to $27.

Barclays is upgrading Per Pharmaceuticals (NYSE: PRX) to Overweight from Equal Weight with a $30 target (prev. $18). Click Here for more color.

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

DOWNGRADES:
Citi downgrades BJ Services (NYSE: BJS) from Hold to Sell. Price target lowered from $16 to $14.

Citi downgrades Baker Hughes (NYSE: BHI) from Hold to Sell. Price target $39.

BofA Merrill Lynch downgrades Charles Schwab (Nasdaq: SCHW) from Buy to Neutral. The firm maintained its $23.50 price target.

Bank of American downgrades Allianz (NYSE: AZ) from Buy to Neutral.

Keefe, Bruyette & Woods downgrades The Travelers Companies (NYSE: TRV) to Market Perform. Price target $51.

Oppenheimer downgrades Lazard Ltd (NYSE: LAZ) from Outperform to Perform. Price target $45.

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

NEW COVERAGE:
Goldman Sachs resumes coverage on Human Genome Sciences, Inc. (Nasdaq: HGSI) with a Buy rating and $24 price target.

Standpoint Research initiates coverage on Wal-Mart (NYSE: WMT) with a Buy. Price target $60.

Bernstein initiates coverage on Petroleo Brasileiro (Petrobras) (NYSE: PBR) with an Outperform rating. Price target $56.

RBC initiates coverage on Weyerhaeuser (NYSE: WY) with a Sector Perform rating. Price target $38.

Susquehanna initiates coverage on NYSE Euronext (NYSE: NYX) with a Neutral rating.

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


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Stocks Mentioned

AZ 12.45

+0.00 +0.00%
Volume: 1,480,532
Track AZ

BHI 40.36

-1.23 -2.96%
Volume: 2,253,199
Track BHI

BJS 18.55

-0.57 -2.98%
Volume: 2,108,416
Track BJS

HGSI 27.11

-0.85 -3.04%
Volume: 1,585,499
Track HGSI

JPM 41.33

-0.83 -1.97%
Volume: 26,230,027
Track JPM

LAZ 38.12

-0.73 -1.88%
Volume: 263,587
Track LAZ

NVLS 20.72

-0.34 -1.61%
Volume: 615,662
Track NVLS

NYX 25.24

-0.54 -2.09%
Volume: 2,568,799
Track NYX

PBR 51.33

-1.68 -3.17%
Volume: 7,778,271
Track PBR

PCG 42.14

-0.80 -1.86%
Volume: 711,008
Track PCG

PRX 23.89

-0.38 -1.57%
Volume: 206,666
Track PRX

SCHW 17.74

-0.52 -2.85%
Volume: 7,281,225
Track SCHW

TRV 51.65

-1.11 -2.10%
Volume: 2,433,045
Track TRV

WMT 54.63

-0.33 -0.60%
Volume: 7,528,648
Track WMT

WY 37.69

-1.15 -2.96%
Volume: 783,314
Track WY


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