Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 41.63

+0.70 +1.71%
Volume: 11,753,165
Track AXP

BHP 75.05

+1.69 +2.30%
Volume: 3,818,469
Track BHP

FITB 10.17

+0.20 +2.01%
Volume: 18,773,525
Track FITB

HBC 61.95

+1.04 +1.71%
Volume: 1,681,186
Track HBC

HRB 20.65

+0.27 +1.32%
Volume: 2,732,974
Track HRB

INTU 29.93

+0.27 +0.91%
Volume: 2,822,866
Track INTU

KBH 14.01

-0.11 -0.78%
Volume: 4,588,817
Track KBH

MSFT 29.94

+0.32 +1.08%
Volume: 41,836,365
Track MSFT

NE 40.91

+0.89 +2.22%
Volume: 5,683,508
Track NE

PBI 23.62

-0.02 -0.08%
Volume: 2,404,676
Track PBI

RTP 213.87

+1.97 +0.93%
Volume: 782,868
Track RTP

SLB 64.63

+1.29 +2.04%
Volume: 8,527,194
Track SLB

STI 23.15

+1.11 +5.04%
Volume: 11,338,054
Track STI

URBN 31.48

-0.70 -2.18%
Volume: 3,272,538
Track URBN

USB 23.55

+0.26 +1.12%
Volume: 9,774,281
Track USB


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