Notable Analyst Rating Changes 5/12: CHK, TJX, KNXA, ANF Upgraded; RBS, BKE, LINTA, BCS Downgraded

May 12, 2009 10:26 AM EDT

UPGRADES:
Morgan Stanley upgrades Chesapeake Energy (NYSE: CHK) from Equal Weight to Overweight with a $34 price target, citing an expected recovery in natural gas prices.

Barclays and Credit Suisse upgrade TJX Companies (NYSE: TJX) to Overweight and Outperform, respectively.

Oppenheimer and KeyBanc upgrade Kenexa (Nasdaq: KNXA) to Outperform and Buy respectively. Click here to see full color on KeyBanc's upgrade.

KeyBanc upgrades Abercrombie & Fitch (NYSE: ANF) from Underweight to Buy. Price target increased from $17 to $32. Click here for full color.

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

DOWNGRADES:
Credit Suisse downgrades Royal Bank of Scotland (NYSE: RBS) from Neutral to Underperform.

KeyBanc downgrades Buckle (NYSE: BKE) from Hold to Underweight. Click here for full color on the report.

Citi downgrades Liberty Interactive (Nasdaq: LINTA) from Buy to Sell. Here is the full report.

Credit Suisse downgrades Barclays (NYSE: BCS) from Outperform to Neutral.

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

NEW COVERAGE:
Barclays initiates coverage on Newell Rubbermaid (NYSE: NWL) with an Overweight rating and $15 price target, which represents 40% upside from yesterday's close.

Morgan Keegan initiates coverage on BB&T Corp (NYSE: BBT) with a Market Perform.

RBC initiates coverage on Capital One (NYSE: COF) with a Sector Perform.

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


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Stocks Mentioned

ANF 39.90

-0.16 -0.40%
Volume: 5,114,624
Track ANF

BBT 26.19

+0.59 +2.30%
Volume: 7,207,654
Track BBT

BCS 19.91

+0.24 +1.22%
Volume: 2,661,656
Track BCS

BKE 27.75

+0.06 +0.22%
Volume: 807,732
Track BKE

CHK 23.40

-0.70 -2.90%
Volume: 17,688,973
Track CHK

COF 38.35

+0.26 +0.68%
Volume: 5,265,293
Track COF

KNXA 10.54

-0.42 -3.83%
Volume: 574,973
Track KNXA

LINTA 10.88

-0.11 -1.00%
Volume: 4,374,517
Track LINTA

NWL 14.97

+0.12 +0.81%
Volume: 2,274,844
Track NWL

RBS 11.27

-0.16 -1.40%
Volume: 417,450
Track RBS

TJX 38.39

-0.13 -0.34%
Volume: 5,092,891
Track TJX


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