Notable Analyst Rating Changes 10/22: FFIV, FCX, LMT, MOT, NVLS Upgraded; CHK, SAP, STJ, NTRS, FIS downgraded

October 22, 2009 10:50 AM EDT

UPGRADES:
UBS upgrades F5 Networks (Nasdaq: FFIV) from Sell to Neutral. Price target increased to $47 from $29.

Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) to Buy. Price target increased from $72 to $100. Click Here for more color.

Buckingham Research upgrades shares of Lockheed Martin (NYSE: LMT) from Accumulate to Strong Buy.

Thomas Weisel upgrades Motorola (NYSE: MOT) from Marketweight to Overweight. Price target increased from $7 to $11.

Deutsche Bank upgrades Novellus Systems (Nasdaq: NVLS) to Hold. Price target increased from $13 to $18. For more color, Click Here.

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

DOWNGRADES:
Chesapeake Energy (NYSE: CHK) gets downgraded by UBS. The firm lowered its rating on Chesapeake from Buy to Neutral.

Bank of America downgrades SAP AG (NYSE: SAP) from Buy to Neutral.

FTN Equity downgrades St. Jude Medical (NYSE: STJ) from Buy to Neutral.

FTN Equity downgrades Northern Trust (Nasdaq: NTRS) from Buy to Neutral. Price target lowered from $65 to $55.

Duncan-Williams downgrades Fidelity National Information Services (NYSE: FIS) from Strong Buy to Buy. Price Target $28. Click Here for more color.

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

NEW COVERAGE:
Pali Research initiates coverage on Tenet Healthcare (NYSE: THC) with a Buy. Price target $8.25. For more color, Click Here.

Jesup & Lamont initiates coverage on Limited Brands (NYSE: LTD) with a Hold.

Pali Research initiates coverage on Health Management Associates (NYSE: HMA) with a Neutral. 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

CHK 24.86

+1.21 +5.12%
Volume: 20,586,250
Track CHK

FCX 87.32

+1.73 +2.02%
Volume: 8,335,614
Track FCX

FFIV 48.46

+0.43 +0.90%
Volume: 528,572
Track FFIV

FIS 22.98

+0.21 +0.92%
Volume: 4,612,035
Track FIS

HMA 6.28

+0.03 +0.48%
Volume: 2,348,897
Track HMA

LMT 78.60

+1.04 +1.34%
Volume: 3,050,670
Track LMT

LTD 17.50

+0.86 +5.17%
Volume: 4,378,039
Track LTD

MOT 8.28

+0.09 +1.10%
Volume: 15,559,046
Track MOT

NTRS 48.21

+0.14 +0.29%
Volume: 1,926,799
Track NTRS

NVLS 21.06

+0.10 +0.48%
Volume: 1,030,035
Track NVLS

SAP 48.69

+0.78 +1.63%
Volume: 2,004,640
Track SAP

STJ 36.79

+0.37 +1.02%
Volume: 3,459,518
Track STJ

THC 5.09

-0.01 -0.20%
Volume: 3,787,428
Track THC


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