Notable Analyst Rating Changes for 10/27: VZ, TXN, CAKE, MSFT Upgraded; PALM, SGMS, AMX, HRB Downgraded

October 27, 2009 11:07 AM EDT

UPGRADES:
Wells Fargo upgrades Verizon Communications (NYSE: VZ) from Market Perform to Outperform. Valuation range increased from $29-31 to $34-36. Click Here for more color.

FBR Capital upgrades Texas Instruments (NYSE: TXN) from Market Perform to Outperform. Price target $31. Click Here for more color.

Goldman Sachs upgrades Cheesecake Factory Incorporated (Nasdaq: CAKE) from Neutral to Buy with a $23 price target. For more color Click Here.

Argus upgrades Microsoft (NASDAQ: MSFT) from Sell to Hold.

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

DOWNGRADES:
BMO Capital has downgraded shares of Palm (NASDAQ: PALM) from Market Perform to Underperform this morning, also cutting its price target from $11 to $10. Click Here for more color.

William Blair downgrades Scientific Games (Nasdaq: SGMS) from Outperform to Market Perform.

Raymond James downgrades America Movil (NYSE: AMX) from Outperform to Market Perform.

Fox-Pitt downgrades H&R Block (NYSE: HRB) from Outperform to In-Line.

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

NEW COVERAGE:
Kaufman Bros. initiates coverage on Intel Corp (Nasdaq: INTC) with a Buy. Price target $25. Click Here for more color.

Wells Fargo resumes coverage on The Williams Companies (NYSE: WMB) with an Outperform. Click Here for more color.

Ameriprise Financial initiates coverage on FPL Group (NYSE: FPL) with a Buy rating.

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


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Stocks Mentioned

AMX 47.54

-0.50 -1.04%
Volume: 1,791,983
Track AMX

CAKE 18.84

-0.18 -0.95%
Volume: 1,134,242
Track CAKE

FPL 52.10

+0.09 +0.17%
Volume: 2,597,947
Track FPL

HRB 20.76

+0.11 +0.53%
Volume: 2,248,649
Track HRB

INTC 19.39

-0.01 -0.05%
Volume: 52,428,419
Track INTC

MSFT 29.91

-0.03 -0.10%
Volume: 37,263,493
Track MSFT

PALM 11.10

-0.37 -3.23%
Volume: 8,462,433
Track PALM

SGMS 14.35

-0.20 -1.37%
Volume: 432,251
Track SGMS

TXN 25.28

+0.14 +0.56%
Volume: 11,177,172
Track TXN

VZ 31.87

+0.54 +1.72%
Volume: 25,930,248
Track VZ

WMB 20.29

+0.23 +1.15%
Volume: 4,894,508
Track WMB


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