Notable Analyst Rating Changes 11/19: AMD, TGT, XL, SCSS Upgraded; INTC, ASMI, HOTT, SMH/INTC/TXN/MRVL Downgraded

November 19, 2009 11:35 AM EST

UPGRADES:
Broadpoint.AmTech upgrades Advanced Micro Devices (NYSE: AMD) from Neutral to Buy. Price target increased from $8.50 to $10. Click Here for more color.

BMO Capital upgrades Target Corp. (NYSE: TGT) from Underperform to Market Perform. The firm also boosted its price target on the stock from $40 to $54

Bernstein upgrades XL Capital (NYSE: XL) from Market Perform to Outperform.

Raymond James upgrades Select Comfort (NASDAQ: SCSS) from Outperform to Strong Buy.

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

DOWNGRADES:
Goldman Sachs downgraded ASM International NV (NASDAQ: ASMI) from it Conviction Buy List to Neutral, citing valuation after recent outperformance. The firm raised their price target from EUR 18 to EUR 19.

Citi downgrades Hot Topic (NASDAQ: HOTT) from Hold to Sell. Price target lowered from $7 to $5.

BofA downgrades Semiconductor Sector in a significant move. The ETF Semiconductor HOLDRs (NYSE: SMH) is down about 4% to $25.01 on the news. Big names mentioned in the downgrade were Intel (NASDAQ: INTC), Texas Instruments (NYSE: TXN), and Marvell Tech. (NASDAQ: MRVL). For more color, Click Here.

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

NEW COVERAGE:
JMP starts a gaggle of Real Estaters:

At Market Outperform:

  • Brandywine Realty (NYSE: BDN) with an $11.50 price target.

  • Douglas Emmett (NYSE: DEI) with a $15 price target.
At Market Perform:
  • SL Green Realty (NYSE: SLG);

  • Parkway Properties (NYSE: PKY);

  • DCT Industrial Trust (NYSE: DCT);

  • Boston Properties (NYSE: BXP);

  • AMB Property (NYSE: AMB).
At Market Underperform:
  • Kilroy Realty (NYSE: KRC) with a $25 price target;

  • EastGroup (NYSE: EGP) with a $33 price target.
Raymond James initiates coverage on Dollar General (NYSE: DG) with an Outperform rating.

Brean Murray assumes coverage on Sinovac Biotech (NYSE: SVA) with a Buy rating. Price target $11. Click Here for more color.

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


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Stocks Mentioned

AMB 28.60

+0.02 +0.07%
Volume: 1,366,367
Track AMB

AMD 9.39

-0.28 -2.90%
Volume: 17,775,566
Track AMD

ASMI 26.50

-0.19 -0.71%
Volume: 172,220
Track ASMI

BDN 12.41

+0.24 +1.97%
Volume: 1,281,695
Track BDN

BXP 76.74

-0.40 -0.52%
Volume: 1,433,817
Track BXP

DCT 5.50

+0.02 +0.36%
Volume: 955,992
Track DCT

DEI 15.96

-0.11 -0.68%
Volume: 1,191,841
Track DEI

DG 25.24

-0.58 -2.25%
Volume: 156,632
Track DG

EGP 38.63

+0.07 +0.18%
Volume: 126,859
Track EGP

HOTT 6.33

-0.04 -0.63%
Volume: 365,367
Track HOTT

INTC 22.20

-0.04 -0.18%
Volume: 54,445,295
Track INTC

KRC 31.65

-0.05 -0.16%
Volume: 353,822
Track KRC

MRVL 20.31

-0.14 -0.68%
Volume: 8,174,378
Track MRVL

PKY 18.53

-0.65 -3.39%
Volume: 199,304
Track PKY

SCSS 7.75

-0.16 -2.02%
Volume: 591,094
Track SCSS

SLG 56.74

-0.86 -1.49%
Volume: 782,465
Track SLG

SMH 27.85

-0.20 -0.71%
Volume: 12,856,854
Track SMH

SVA 6.53

-0.14 -2.10%
Volume: 291,496
Track SVA

TGT 53.04

-0.14 -0.26%
Volume: 4,068,760
Track TGT

TXN 24.72

-0.19 -0.76%
Volume: 10,499,726
Track TXN

XL 19.32

-0.14 -0.72%
Volume: 4,368,505
Track XL


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