Notable Analyst Rating Changes 6/24: FCX, BDK, DB, EMC Upgraded; WFR, BA, CTRP Downgraded

June 24, 2009 9:44 AM EDT

UPGRADES:
FBR Capital upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Market Perform to Outperform with a $58 price target, saying the recent pullback creates an attractive entry point. Click here for more color on the upgrade.

Credit Suisse upgrades Black & Decker (NYSE: BDK) from Underperform to Neutral.

Citi upgrades Deutsche Bank (NYSE: DB) from Sell to Hold.

Barclays upgrades EMC Corp (NYSE: EMC) from Equal Weight to Overweight and raises their price target from $12 to $16.

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

DOWNGRADES:
JP Morgan downgrades MEMC Electronic Materials (NYSE: WFR) from Overweight to Underweight. Click here for the full report.

Oppenheimer downgrades Boeing (NYSE: BA) from Perform to Underperform. Price target lowered $2 to $40.

Deutsche Bank downgrades Ctrip.com (Nasdaq: CTRP) from Buy to Hold. Price target $38. Click here for more color on the downgrade.

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

NEW COVERAGE:
FBR Capital initiates coverage on Riverbed Technology, Inc. (Nasdaq: RVBD) with a Market Perform rating and $22 price target. Here is more color.

Rodman & Renshaw initiates coverage on Orexigen Therapeutics (Nasdaq: OREX) with a Market
Outperform rating. Price target $14

Oppenheimer initiates coverage on BMP Sunstone (Nasdaq: BJGP) with an Outperform. Price target $6.

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


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Stocks Mentioned

BA 54.19

+0.47 +0.87%
Volume: 1,706,758
Track BA

BDK 62.94

+1.81 +2.96%
Volume: 226,307
Track BDK

BJGP 4.53

-0.07 -1.52%
Volume: 12,378
Track BJGP

CTRP 77.28

+1.73 +2.29%
Volume: 311,207
Track CTRP

DB 73.83

-0.85 -1.14%
Volume: 335,358
Track DB

EMC 16.96

-0.02 -0.12%
Volume: 6,330,022
Track EMC

FCX 85.45

+1.54 +1.84%
Volume: 3,674,516
Track FCX

OREX 7.34

+0.06 +0.82%
Volume: 134,487
Track OREX

RVBD 20.84

+0.18 +0.87%
Volume: 202,528
Track RVBD

WFR 12.60

+0.23 +1.86%
Volume: 1,241,936
Track WFR


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