Notable Analyst Rating Changes 9/28: CSCO, VPHM, ACN, AMAT, GD Upgraded; RBS, WFR, ISRG, WXS Downgraded

September 28, 2009 10:19 AM EDT

UPGRADES:
Barclays upgrades Cisco (Nasdaq: CSCO) from Equal Weight to Overweight and raised their price target from $24 to $28.

Oppenheimer upgrades ViroPharma (Nasdaq: VPHM) from Perform to Outperform. Price target $13. Click here for more color.

Citigroup upgrades Accenture (NYSE: ACN) and Applied Materials (Nasdaq: AMAT) from Hold to Buy. The firm set $45 and $17 price targets, respectively.

Collins Stewart upgrades General Dynamics (NYSE: GD) from Hold to Buy, setting a $78 price target. Here is the full report.

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

DOWNGRADES:
ING downgrades Royal Bank of Scotland (NYSE: RBS) from Hold to Sell.

Citi downgrades MEMC Electronic Materials (NYSE: WFR) from Buy to Hold, with a $20 target.

Lazard Capital Markets downgrades Intuitive Surgical (Nasdaq: ISRG) from Buy to Hold.

Wells Fargo downgrades Wright Express Corp. (NYSE: WXS) to Market Perform. Valuation range increased to $31-$33 (from $29-$31). Click here for more color.

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

NEW COVERAGE:
Barclays initiates coverage on Navistar International (NYSE: NAV) with an Equalweight rating. Price target $42.

Merriman Curhan Ford initiates coverage on Facet Biotech (Nasdaq: FACT) with a Buy rating. Here is some color on the coverage.

Brigantine Advisors initiates coverage on Hewlett-Packard (NYSE: HPQ) with a Buy. Price target $56.

Next Generation initiates coverage on Delta (NYSE: DAL) with a Buy. Price target $14. Special Reports

Stocks Mentioned

ACN 40.51

-0.07 -0.17%
Volume: 1,662,909
Track ACN

AMAT 12.29

-0.14 -1.13%
Volume: 9,014,583
Track AMAT

CSCO 23.38

-0.36 -1.52%
Volume: 21,773,858
Track CSCO

DAL 7.91

+0.02 +0.25%
Volume: 3,149,191
Track DAL

FACT 16.48

-0.29 -1.73%
Volume: 243,040
Track FACT

GD 67.08

-1.05 -1.54%
Volume: 1,064,671
Track GD

HPQ 49.07

-0.98 -1.96%
Volume: 9,948,935
Track HPQ

ISRG 280.11

-2.54 -0.90%
Volume: 306,471
Track ISRG

NAV 32.18

-0.48 -1.47%
Volume: 360,736
Track NAV

RBS 11.48

-0.55 -4.57%
Volume: 924,682
Track RBS

VPHM 7.51

-0.28 -3.59%
Volume: 394,720
Track VPHM

WFR 12.06

-0.40 -3.21%
Volume: 3,383,625
Track WFR

WXS 28.65

-0.99 -3.34%
Volume: 82,970
Track WXS


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