Notable Analyst Rating Changes 9/28: CSCO, VPHM, ACN, AMAT, GD Upgraded; RBS, WFR, ISRG, WXS Downgraded

September 28, 2009 10:19 AM EDT

UPGRADES:
Barclays upgrades Cisco (Nasdaq: CSCO) from Equal Weight to Overweight and raised their price target from $24 to $28.

Oppenheimer upgrades ViroPharma (Nasdaq: VPHM) from Perform to Outperform. Price target $13. Click here for more color.

Citigroup upgrades Accenture (NYSE: ACN) and Applied Materials (Nasdaq: AMAT) from Hold to Buy. The firm set $45 and $17 price targets, respectively.

Collins Stewart upgrades General Dynamics (NYSE: GD) from Hold to Buy, setting a $78 price target. Here is the full report.

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

DOWNGRADES:
ING downgrades Royal Bank of Scotland (NYSE: RBS) from Hold to Sell.

Citi downgrades MEMC Electronic Materials (NYSE: WFR) from Buy to Hold, with a $20 target.

Lazard Capital Markets downgrades Intuitive Surgical (Nasdaq: ISRG) from Buy to Hold.

Wells Fargo downgrades Wright Express Corp. (NYSE: WXS) to Market Perform. Valuation range increased to $31-$33 (from $29-$31). Click here for more color.

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

NEW COVERAGE:
Barclays initiates coverage on Navistar International (NYSE: NAV) with an Equalweight rating. Price target $42.

Merriman Curhan Ford initiates coverage on Facet Biotech (Nasdaq: FACT) with a Buy rating. Here is some color on the coverage.

Brigantine Advisors initiates coverage on Hewlett-Packard (NYSE: HPQ) with a Buy. Price target $56.

Next Generation initiates coverage on Delta (NYSE: DAL) with a Buy. Price target $14. Special Reports

Stocks Mentioned

ACN 40.58

+0.04 +0.10%
Volume: 1,631,734
Track ACN

AMAT 12.43

+0.08 +0.65%
Volume: 7,812,567
Track AMAT

CSCO 23.74

+0.00 +0.00%
Volume: 27,084,230
Track CSCO

DAL 7.89

+0.23 +3.00%
Volume: 6,442,108
Track DAL

FACT 16.77

-0.25 -1.47%
Volume: 150,488
Track FACT

GD 68.13

+0.81 +1.20%
Volume: 1,584,598
Track GD

HPQ 50.05

-0.14 -0.28%
Volume: 12,745,904
Track HPQ

ISRG 282.65

+3.80 +1.36%
Volume: 349,805
Track ISRG

NAV 32.66

-0.10 -0.31%
Volume: 1,120,363
Track NAV

RBS 12.03

-0.12 -0.99%
Volume: 147,769
Track RBS

VPHM 7.79

+0.01 +0.13%
Volume: 425,404
Track VPHM

WFR 12.46

+0.30 +2.47%
Volume: 5,854,750
Track WFR

WXS 29.64

-0.15 -0.50%
Volume: 122,927
Track WXS


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