Notable Analyst Rating Changes for 10/27: VZ, TXN, CAKE, MSFT Upgraded; PALM, SGMS, AMX, HRB Downgraded

October 27, 2009 11:07 AM EDT

UPGRADES:
Wells Fargo upgrades Verizon Communications (NYSE: VZ) from Market Perform to Outperform. Valuation range increased from $29-31 to $34-36. Click Here for more color.

FBR Capital upgrades Texas Instruments (NYSE: TXN) from Market Perform to Outperform. Price target $31. Click Here for more color.

Goldman Sachs upgrades Cheesecake Factory Incorporated (Nasdaq: CAKE) from Neutral to Buy with a $23 price target. For more color Click Here.

Argus upgrades Microsoft (NASDAQ: MSFT) from Sell to Hold.

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

DOWNGRADES:
BMO Capital has downgraded shares of Palm (NASDAQ: PALM) from Market Perform to Underperform this morning, also cutting its price target from $11 to $10. Click Here for more color.

William Blair downgrades Scientific Games (Nasdaq: SGMS) from Outperform to Market Perform.

Raymond James downgrades America Movil (NYSE: AMX) from Outperform to Market Perform.

Fox-Pitt downgrades H&R Block (NYSE: HRB) from Outperform to In-Line.

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

NEW COVERAGE:
Kaufman Bros. initiates coverage on Intel Corp (Nasdaq: INTC) with a Buy. Price target $25. Click Here for more color.

Wells Fargo resumes coverage on The Williams Companies (NYSE: WMB) with an Outperform. Click Here for more color.

Ameriprise Financial initiates coverage on FPL Group (NYSE: FPL) with a Buy rating.

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


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Stocks Mentioned

AMX 49.16

+0.33 +0.68%
Volume: 2,180,512
Track AMX

CAKE 19.21

-0.05 -0.26%
Volume: 295,496
Track CAKE

FPL 53.31

-0.01 -0.02%
Volume: 1,076,327
Track FPL

HRB 20.42

-0.23 -1.11%
Volume: 1,044,247
Track HRB

INTC 19.95

+0.23 +1.17%
Volume: 25,026,206
Track INTC

MSFT 29.97

+0.19 +0.64%
Volume: 25,252,539
Track MSFT

PALM 11.63

+0.09 +0.78%
Volume: 3,119,333
Track PALM

SGMS 14.33

+0.04 +0.28%
Volume: 256,518
Track SGMS

TXN 26.27

+0.31 +1.19%
Volume: 6,355,244
Track TXN

VZ 32.82

+0.17 +0.52%
Volume: 8,445,330
Track VZ

WMB 20.23

+0.05 +0.25%
Volume: 3,388,034
Track WMB


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