Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded

October 28, 2009 11:48 AM EDT

UPGRADES:
Goldman Sachs upgrades Texas Instruments Inc. (NYSE: TXN) from Neutral to Buy

RBC Capital upgrades Motorola (NYSE: MOT) from Sector Perform to Outperform.

Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61.

Oppenheimer upgrades Wynn Resorts (NASDAQ: WYNN) from Market Perform to Outperform. The firm maintains a $73 price target.

Caris & Co upgrades Illumina (NASDAQ: ILMN) from Average to Above Average. Price target increased to $42.

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

DOWNGRADES:
Bank of America downgrades Apollo Group (NASDAQ: APOL) from Buy to Neutral. Price target slashed from $100 to $73. Additionally, Morgan Stanley downgrades Apollo Group from Overweight to Equalweight.

Goldman Sachs downgrades SanDisk (NASDAQ: SNDK) from Buy to Neutral, maintaining a $24 price target.

Roth downgrades NVIDIA (NASDAQ: NVDA) from Buy to Hold, and lowers their price target from $18 to $12.

KeyBanc downgrades U.S. Steel (NYSE: X) from Hold to Buy.

ThinkEquity has downgraded shares of ValueClick (NASDAQ: VCLK) from Buy to Hold. Merriman Curhan Ford also downgraded ValueClick to Neutral. Finally, Needham & Co downgraded ValueClick from Buy to Hold.

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

NEW COVERAGE:
Bank of America restarts coverage on Archer-Daniels-Midland (NYSE: ADM) with a Buy. Price target $36.

Citi initiates coverage on Ciena Corp. (NASDAQ: CIEN) with a Buy rating and a $17.50 price target.

Bank of America restarts coverage on Tyson Foods (NYSE: TSN) with a Buy, and a price target of $15.

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


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Stocks Mentioned

ADM 31.32

+0.06 +0.19%
Volume: 255,552
Track ADM

APOL 55.02

-0.79 -1.42%
Volume: 179,638
Track APOL

CIEN 12.52

+0.09 +0.72%
Volume: 553,225
Track CIEN

ILMN 28.56

+0.57 +2.04%
Volume: 734,161
Track ILMN

MOT 8.21

+0.02 +0.24%
Volume: 1,713,703
Track MOT

NVDA 13.02

+0.10 +0.77%
Volume: 807,697
Track NVDA

SNDK 19.96

+0.14 +0.71%
Volume: 354,069
Track SNDK

TGT 47.58

+0.12 +0.25%
Volume: 361,901
Track TGT

TSN 12.35

-0.02 -0.16%
Volume: 336,509
Track TSN

TXN 25.33

+0.05 +0.20%
Volume: 761,560
Track TXN

VCLK 9.94

-0.07 -0.70%
Volume: 29,748
Track VCLK

WYNN 63.01

-0.01 -0.02%
Volume: 81,491
Track WYNN

X 42.33

+0.29 +0.69%
Volume: 836,863
Track X


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