Notable Analyst Rating Changes 9/24: MTH, NSM, WFC, AIMC, CPN, SHFL Higher; LLL, AZN, VIP, ANN, KGC, UFS Downgraded

September 24, 2009 10:21 AM EDT

UPGRADES:
Goldman upgraded Meritage (NYSE: MTH) from Neutral to Conviction Buy with a $22 price target.

Citi upgrades National Semiconductor (NYSE: NSM) from Hold to Buy. Click here for some more color on the upgrade.

Atlantic Equities upgrades Wells Fargo (NYSE: WFC) from Underweight to Neutral.

Bank of America upgrades Altra Holdings (Nasdaq: AIMC) from Neutral to Buy. Price target increased from $6 to $13.

Citi upgrades Calpine (NYSE: CPN) from Hold to Buy. Price target increased from $13 to $16.50.

Roth Capital upgrades Shuffle Master (Nasdaq: SHFL) from Hold to Buy. Price target increased from $8 to $11.

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

DOWNGRADES:
JPMorgan downgrades L-3 Communications (NYSE: LLL) from Overweight to Neutral.

Goldman Sachs downgrades AstraZeneca plc (NYSE: AZN) from Neutral to Sell, saying Crestor litigation is likely to weigh on performance.

Deutsche Bank downgrades VimpelCom (NYSE: VIP) from Buy to Hold. Price target $18. Click here for the full report.

Goldman Sachs downgrades AnnTaylor Stores Corp. (NYSE: ANN) from Buy to Neutral, citing a more balanced risk/reward. The firm notes shares have almost doubled since two months ago and risks still remain. The firm has a $17 price target on ANN.

Thomas Weisel downgrades Kinross Gold (NYSE: KGC) from Overweight to Marketweight.

Deutsche Bank downgrades Domtar (NYSE: UFS) from Buy to Hold. Price target raised to $40. Here is the full report.

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

NEW COVERAGE:
Oppenheimer initiates coverage on Fuqi International (Nasdaq: FUQI) with an Outperform rating. Price target $38.

FTN Equity initiates coverage on Genzyme (Nasdaq: GENZ) with a Neutral rating. Price target $64.

Brean Murray initiates coverage on Phillips-Van Heusen (NYSE: PVH) with a Buy. Price target $51. Click here for the full report.

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


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Stocks Mentioned

AIMC 11.73

-0.17 -1.43%
Volume: 107,208
Track AIMC

ANN 14.20

-0.23 -1.59%
Volume: 2,727,139
Track ANN

AZN 45.25

-0.15 -0.33%
Volume: 2,222,490
Track AZN

CPN 11.07

+0.01 +0.09%
Volume: 1,933,903
Track CPN

FUQI 22.12

-0.02 -0.09%
Volume: 1,256,454
Track FUQI

GENZ 50.38

+0.14 +0.28%
Volume: 3,375,412
Track GENZ

KGC 19.49

-0.10 -0.51%
Volume: 4,913,786
Track KGC

LLL 78.89

+0.57 +0.73%
Volume: 990,354
Track LLL

MTH 18.75

+0.17 +0.91%
Volume: 702,346
Track MTH

NSM 14.45

+0.64 +4.63%
Volume: 8,293,953
Track NSM

PVH 41.79

-0.77 -1.81%
Volume: 540,028
Track PVH

SHFL 8.34

-0.14 -1.65%
Volume: 321,865
Track SHFL

UFS 54.17

+1.09 +2.05%
Volume: 965,584
Track UFS

VIP 19.91

-1.24 -5.86%
Volume: 4,371,493
Track VIP

WFC 27.86

-0.21 -0.75%
Volume: 28,706,309
Track WFC


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