Notable Analyst Rating Changes 7/1: YUM, TRW, MGA, MVL Upgraded; FRPT, NDAQ, BEAT, MYGN Downgraded

July 1, 2009 9:39 AM EDT

UPGRADES:
Goldman Sachs upgrades Yum! Brands (NYSE: YUM) from Neutral to Buy and raises their price target from $36 to $40.

Bank of America upgrades TRW Automotive (NYSE: TRW) from Underperform to Neutral. Price target increased to $11.50.

Bank of America upgrades Magna (NYSE: MGA) from Underperform to Buy. The firm also upgraded a host of other auto suppliers.

J.P. Morgan upgrades Marvel (NYSE: MVL) from Neutral to Overweight.

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

DOWNGRADES:
Collins Stewart downgrades Force Protection (Nasdaq: FRPT) to Hold. Click here for more color on the downgrade.

Deutsche Bank downgrades NASDAQ OMX (Nasdaq: NDAQ) from Buy to Hold. Price target $23. Click here for the full report.

Citi and Roth Capital downgrade CardioNet (Nasdaq: BEAT) to Hold.

Oppenheimer downgrades Myriad Genetics (Nasdaq: MYGN) from Outperform to Perform.

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

NEW COVERAGE:
Oppenheimer initiates coverage on IAC/InterActiveCorp (Nasdaq: IACI) with an Outperform rating and $19 price target.

Bank of America resumes coverage on Peabody Energy (NYSE: BTU) with a Buy. Price target $38.

ThinkEquity initiates coverage on OpenTable (Nasdaq: OPEN) with a Buy. Price target $35.

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


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Stocks Mentioned

BEAT 4.42

+0.06 +1.38%
Volume: 763,939
Track BEAT

BTU 42.85

-1.36 -3.08%
Volume: 7,590,810
Track BTU

FRPT 5.35

+0.10 +1.90%
Volume: 690,131
Track FRPT

IACI 19.07

+0.07 +0.37%
Volume: 3,311,872
Track IACI

MGA 49.26

+1.00 +2.07%
Volume: 691,480
Track MGA

MVL 52.69

+0.43 +0.82%
Volume: 1,730,475
Track MVL

MYGN 24.04

-0.14 -0.58%
Volume: 1,016,425
Track MYGN

NDAQ 20.02

+0.33 +1.68%
Volume: 4,244,195
Track NDAQ

OPEN 27.70

+0.60 +2.21%
Volume: 145,614
Track OPEN

TRW 23.61

+0.62 +2.70%
Volume: 1,363,259
Track TRW

YUM 34.03

-1.10 -3.13%
Volume: 15,258,915
Track YUM


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