Notable Analyst Rating Changes 5/29: ODP, JCG, NWSA, MS Upgraded; LVLT, BKC, SEE Downgraded

May 29, 2009 9:41 AM EDT

UPGRADES:
JP Morgan upgrades Office Depot (NYSE: ODP) from Neutral to Overweight. Click here for more color on the upgrade.

Goldman Sachs upgrades J. Crew Group, Inc. (NYSE: JCG) from Sell to Neutral and took the stock off its Conviction Sell List. The stock was also upgraded to Hold at Brean Murray.

JP Morgan upgrades News Corp (Nasdaq: NWSA) from Neutral to Overweight with a $12 price target.

Keefe, Bruyette & Woods upgrades Morgan Stanley (NYSE: MS) to Outperform. Price target $35. Click here for the full report.

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

DOWNGRADES:
UBS downgrades Level 3 Communications (Nasdaq: LVLT) from Neutral to Sell.

Citi downgrades Burger King Holdings, Inc. (NYSE: BKC) from Buy to Hold. Price target lowered from $22 to $18. Click here for the full report.

Goldman Sachs downgrades Sealed Air Corp. (NYSE: SEE) from Neutral to Sell with a $19 price target.

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

NEW COVERAGE:
Roth Capital initiates coverage on Broadcom (Nasdaq: BRCM) with a Hold. Price target $22.

Wunderlich Securities initiates coverage on Buckeye Partners (NYSE: BPL) with a Buy. Price target $48. Click here for the full report.

Deutsche Bank re-initiates coverage on Post Properties (NYSE: PPS) with a Sell. Click here for more color.

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


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Stocks Mentioned

BKC 17.50

+0.00 +0.00%
Volume: 2,504,863
Track BKC

BPL 51.05

+0.00 +0.00%
Volume: 259,890
Track BPL

BRCM 28.29

+0.00 +0.00%
Volume: 11,571,501
Track BRCM

JCG 43.22

+0.00 +0.00%
Volume: 1,936,642
Track JCG

LVLT 1.23

+0.00 +0.00%
Volume: 21,847,208
Track LVLT

MS 33.95

+0.00 +0.00%
Volume: 15,284,961
Track MS

NWSA 12.37

+0.00 +0.00%
Volume: 12,963,858
Track NWSA

ODP 6.45

+0.00 +0.00%
Volume: 8,225,827
Track ODP

PPS 17.40

+0.00 +0.00%
Volume: 801,516
Track PPS

SEE 21.88

+0.00 +0.00%
Volume: 1,295,272
Track SEE


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