Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 41.37

-0.26 -0.62%
Volume: 3,551,515
Track AXP

BHP 73.99

-1.06 -1.41%
Volume: 3,021,502
Track BHP

FITB 10.00

-0.17 -1.67%
Volume: 12,716,893
Track FITB

HBC 61.29

-0.66 -1.07%
Volume: 948,839
Track HBC

HRB 20.64

-0.01 -0.05%
Volume: 1,045,304
Track HRB

INTU 29.37

-0.56 -1.87%
Volume: 1,548,183
Track INTU

KBH 13.73

-0.28 -2.00%
Volume: 2,024,986
Track KBH

MSFT 29.89

-0.05 -0.17%
Volume: 20,245,065
Track MSFT

NE 41.35

+0.44 +1.08%
Volume: 2,457,976
Track NE

PBI 23.69

+0.07 +0.30%
Volume: 1,244,076
Track PBI

RTP 210.31

-3.56 -1.66%
Volume: 1,154,105
Track RTP

SLB 64.99

+0.36 +0.56%
Volume: 3,944,375
Track SLB

STI 22.97

-0.18 -0.78%
Volume: 6,546,822
Track STI

URBN 31.37

-0.11 -0.35%
Volume: 1,389,928
Track URBN

USB 23.75

+0.20 +0.85%
Volume: 6,685,338
Track USB


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