Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded

October 28, 2009 11:48 AM EDT

UPGRADES:
Goldman Sachs upgrades Texas Instruments Inc. (NYSE: TXN) from Neutral to Buy

RBC Capital upgrades Motorola (NYSE: MOT) from Sector Perform to Outperform.

Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61.

Oppenheimer upgrades Wynn Resorts (NASDAQ: WYNN) from Market Perform to Outperform. The firm maintains a $73 price target.

Caris & Co upgrades Illumina (NASDAQ: ILMN) from Average to Above Average. Price target increased to $42.

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

DOWNGRADES:
Bank of America downgrades Apollo Group (NASDAQ: APOL) from Buy to Neutral. Price target slashed from $100 to $73. Additionally, Morgan Stanley downgrades Apollo Group from Overweight to Equalweight.

Goldman Sachs downgrades SanDisk (NASDAQ: SNDK) from Buy to Neutral, maintaining a $24 price target.

Roth downgrades NVIDIA (NASDAQ: NVDA) from Buy to Hold, and lowers their price target from $18 to $12.

KeyBanc downgrades U.S. Steel (NYSE: X) from Hold to Buy.

ThinkEquity has downgraded shares of ValueClick (NASDAQ: VCLK) from Buy to Hold. Merriman Curhan Ford also downgraded ValueClick to Neutral. Finally, Needham & Co downgraded ValueClick from Buy to Hold.

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

NEW COVERAGE:
Bank of America restarts coverage on Archer-Daniels-Midland (NYSE: ADM) with a Buy. Price target $36.

Citi initiates coverage on Ciena Corp. (NASDAQ: CIEN) with a Buy rating and a $17.50 price target.

Bank of America restarts coverage on Tyson Foods (NYSE: TSN) with a Buy, and a price target of $15.

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


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Stocks Mentioned

ADM 30.81

+0.16 +0.52%
Volume: 5,651,498
Track ADM

APOL 57.07

+1.31 +2.35%
Volume: 3,765,752
Track APOL

CIEN 12.15

+0.00 +0.00%
Volume: 3,592,626
Track CIEN

ILMN 28.92

+0.30 +1.05%
Volume: 3,761,479
Track ILMN

MOT 8.01

-0.19 -2.32%
Volume: 38,976,429
Track MOT

NVDA 13.06

+0.27 +2.11%
Volume: 12,746,087
Track NVDA

SNDK 19.72

+0.06 +0.31%
Volume: 5,492,645
Track SNDK

TGT 46.56

-1.14 -2.39%
Volume: 12,868,651
Track TGT

TSN 12.02

-0.27 -2.20%
Volume: 4,409,660
Track TSN

TXN 25.29

+0.04 +0.16%
Volume: 12,468,884
Track TXN

VCLK 9.43

-0.22 -2.28%
Volume: 1,700,990
Track VCLK

WYNN 64.54

+1.56 +2.48%
Volume: 2,506,600
Track WYNN

X 44.66

+1.61 +3.74%
Volume: 13,507,446
Track X


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