Notable Analyst Rating Changes 5/11: LNC, HOT, DVN, MS, LPX, DOW Upgraded; VLO, CLX, COST, HD, IPI Downgraded

May 11, 2009 10:19 AM EDT

UPGRADES:
Goldman Sachs upgraded Lincoln National Corp. (NYSE: LNC) from Sell to Buy and added the stock to their Buy List.

J.P. Morgan upgrades Starwood Hotels (NYSE: HOT) from Neutral to Overweight.

Goldman Sachs upgraded Devon Energy Corporation (NYSE: DVN) from Neutral to Buy and added the stock to their Buy List.

Pali Research upgrades Morgan Stanley (NYSE: MS) from Neutral to Buy with a $33 price target. Click here for the full report.

Goldman Sachs upgrades Louisiana-Pacific Corp. (NYSE: LPX) from Sell to Buy and lifts its price target from $1 to $6.

Credit Suisse upgrades Dow Chemical (NYSE: DOW) from Neutral to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades Valero Energy Corp. (NYSE: VLO) from Neutral to Sell.

Bernstein downgrades Clorox (NYSE: CLX) from Market Perform to Underperform.

Goldman Sachs downgrades Costco Wholesale Corp. (Nasdaq: COST) from Buy to Neutral with a $50 price target.

Bernstein downgrades Home Depot (NYSE: HD) from Outperform to Market Perform.

Soleil Securities downgrades Intrepid Potash (NYSE: IPI) from Hold to Sell. Price target increased from $18 to $20. Click here for more color on the downgrade.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Badger Meter (NYSE: BMI) with a Buy. Price target $46. Click here for full color.

Collins Stewart initiates coverage on Macrovision (Nasdaq: MVSN) with a Buy. Price target $32. Here is the full report.

Susquehanna initiates coverage on Apple (Nasdaq: AAPL) with a Positive rating and $155 price target, saying iPhone momentum is building. Click here for full color on the coverage.

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


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Stocks Mentioned

AAPL 199.92

-0.59 -0.29%
Volume: 14,529,965
Track AAPL

BMI 36.54

-0.58 -1.56%
Volume: 55,891
Track BMI

CLX 59.65

-0.20 -0.33%
Volume: 1,030,127
Track CLX

COST 60.06

-0.42 -0.69%
Volume: 2,696,336
Track COST

DOW 27.93

-0.15 -0.53%
Volume: 9,346,629
Track DOW

DVN 67.50

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

HD 27.18

+0.07 +0.26%
Volume: 17,602,115
Track HD

HOT 32.05

-0.40 -1.23%
Volume: 2,916,388
Track HOT

IPI 29.83

+0.79 +2.72%
Volume: 3,512,183
Track IPI

LNC 23.53

-0.23 -0.97%
Volume: 3,521,161
Track LNC

LPX 6.10

+0.03 +0.49%
Volume: 1,263,226
Track LPX

MS 32.10

-0.21 -0.65%
Volume: 11,895,656
Track MS

MVSN 23.68

+0.00 +0.00%
Volume: 2,379,878
Track MVSN

VLO 16.47

+0.11 +0.67%
Volume: 12,711,941
Track VLO


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