Notable Analyst Rating Changes 10/19: AXP, NOV, EL, DKS Upgrade; FNM/FRE, ANF, MAT, LUV Downgrade

October 19, 2009 11:11 AM EDT

UPGRADES:
FBR Research upgrades American Express (NYSE: AXP) from Underperform to Market Perform. Price target increased from $25 to $37. Click Here for more color.

Raymond James upgrades National Oilwell Varco (NYSE: NOV) from Strong Buy to Outperform.

RBC Capital upgrades Estee Lauder (NYSE: EL) from Underperform to Sector Perform.

Piper Jaffray upgrades Dick's Sporting Goods (NYSE: DKS) from Underweight to Neutral. Price target increased from $18 to $28. Click Here for more color.

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

DOWNGRADES:
Keefe, Bruyette, and Woods downgrades both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Underperform and cut their price targets to $0. Click Here for more color.

Brean Murray downgrades Abercrombie & Fitch (NYSE: ANF) from Hold to Sell.

Morgan Joseph downgrades Mattel (NYSE: MAT) to Hold. Click Here for more color.

JP Morgan downgrades Southwest Airlines (NYSE: LUV) to Underweight.

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

NEW COVERAGE:
Barclays resumes coverage on Pfizer (NYSE: PFE) with an Overweight rating. Price target $21.

Citi initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy rating. Price target $21.

RBC Capital initiates coverage on Terex (NYSE: TEX) with an Outperform rating.

Wells Fargo resumes coverage on CenturyTel, Inc. (NYSE: CTL) with an Outperform rating. Valuation Range $38-40. Click Here for more coverage.

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


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Stocks Mentioned

ANF 39.97

-0.84 -2.06%
Volume: 2,756,343
Track ANF

AXP 40.84

-0.88 -2.11%
Volume: 6,005,391
Track AXP

CTL 36.31

+0.09 +0.25%
Volume: 1,786,794
Track CTL

DKS 21.15

-0.62 -2.85%
Volume: 673,046
Track DKS

EL 46.99

-1.23 -2.55%
Volume: 799,663
Track EL

FNM 0.94

-0.05 -5.05%
Volume: 15,467,045
Track FNM

FRE 1.10

-0.02 -1.79%
Volume: 9,867,217
Track FRE

LUV 8.99

-0.11 -1.21%
Volume: 3,684,152
Track LUV

MAT 19.57

-0.34 -1.71%
Volume: 1,886,554
Track MAT

MRVL 15.63

-0.27 -1.70%
Volume: 3,157,421
Track MRVL

NOV 43.30

-1.58 -3.52%
Volume: 2,493,368
Track NOV

PFE 18.25

-0.34 -1.83%
Volume: 22,830,294
Track PFE

TEX 18.98

-0.93 -4.67%
Volume: 1,246,001
Track TEX


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