Notable Analyst Rating Changes 11/5: PALM, VALE, TRW, ONNN, MDT, SPWRA Upgraded; CMCSA, ARO, DPTR, GRMN TEX Downgraded

November 5, 2009 11:25 AM EST

UPGRADES:
Barclays Capital has upgraded shares of Palm (NASDAQ: PALM) from the dreaded Underweight to Equalweight this morning, also reducing his price target from $12 to $11.

Deutsche Bank upgrades Vale SA (NASDAQ: VALE) from Hold to Buy. Price target increased to $30. Click Here for more color.

KeyBanc upgrades TRW Automotive Holdings (NYSE: TRW) from Hold to Buy. Price target $29. Click Here for more color. Deutsche Bank also upgraded TRW Automotive from Hold to Buy. Price target increased by $2 to $23. For mor from Deutsche, Click Here.

Piper Jaffray upgrades ON Semiconductor (NASDAQ: ONNN) from Neutral to Overweight. Price target $9. Click Here for more color.

Credit Suisse upgrades Medtronic, Inc. (NYSE: MDT) from Neutral to Outperform.

Deutsche Bank upgrades SunPower (NASDAQ: SPWRA) to Buy, price target increased from $28 to $31. Click Here for more color.

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

DOWNGRADES:
Collins Stewart downgrades Comcast (NASDAQ: CMCSA) from Buy to Hold. Click Here for more color.

KeyBanc downgrades Aeropostale, Inc. (NYSE: ARO) to Hold. Click Here for more color.

Wells Fargo downgrades Delta Petroleum (NASDAQ: DPTR) to Underperform from Market Perform. Valuation range lowered from $1-2 to $0-1. For more color, Click Here.

RBC downgrades Garmin (NASDAQ: GRMN) from Sector Perform to Underperform.

Morgan Stanley downgrades Terex Corp. (NYSE: TEX) from Equalweight to Underweight. Price target increased from $12 to $18.

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

NEW COVERAGE:
Merriman Curhan Ford initiates coverage on Novavax (NASDAQ: NVAX) with a Buy rating and $6-$8 price target range. Click Here for more color.

Oppenheimer initiates coverage on Shanda Games (NASDAQ: GAME) with an Outperform.

Baird initiates coverage on Eaton Corp (NYSE: ETN) with a Neutral rating. Price target $70.

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


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Stocks Mentioned

ARO 31.91

+0.05 +0.16%
Volume: 2,221,024
Track ARO

CMCSA 15.01

-0.03 -0.20%
Volume: 33,635,140
Track CMCSA

DPTR 0.92

+0.00 +0.00%
Volume: 4,559,117
Track DPTR

ETN 63.19

-0.01 -0.02%
Volume: 1,794,803
Track ETN

GAME 10.30

+0.18 +1.78%
Volume: 674,055
Track GAME

GRMN 30.86

-0.64 -2.03%
Volume: 1,998,673
Track GRMN

MDT 39.62

+0.01 +0.03%
Volume: 5,052,705
Track MDT

NVAX 3.28

-0.49 -13.00%
Volume: 9,327,295
Track NVAX

ONNN 7.73

-0.13 -1.65%
Volume: 6,991,317
Track ONNN

PALM 11.74

+0.11 +0.95%
Volume: 10,574,123
Track PALM

SPWRA 21.48

+0.02 +0.09%
Volume: 2,161,907
Track SPWRA

TEX 20.30

-0.80 -3.79%
Volume: 1,846,561
Track TEX

TRW 22.85

-0.20 -0.87%
Volume: 1,285,659
Track TRW

VALE 28.19

-0.25 -0.88%
Volume: 15,703,188
Track VALE


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