Notable Analyst Rating Changes 10/06: GS, PTV, KOF, AMX, GLW, GIS Upgraded; DVN, CHK, REP

October 6, 2009 10:54 AM EDT

UPGRADES:
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.

Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.

Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.

Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.

UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.

Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.

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

DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.

Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.

Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.

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

NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target

Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.

Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.

RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.

Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.

Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.

Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.

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


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Stocks Mentioned

AMX 47.45

+0.44 +0.94%
Volume: 1,309,349
Track AMX

ANF 39.40

-0.33 -0.83%
Volume: 1,630,185
Track ANF

AXP 41.50

+0.57 +1.39%
Volume: 6,258,463
Track AXP

CHK 23.60

+0.57 +2.48%
Volume: 7,714,131
Track CHK

DELL 14.69

+0.40 +2.80%
Volume: 23,949,114
Track DELL

DVN 68.59

+1.09 +1.61%
Volume: 1,940,195
Track DVN

GIS 68.44

+0.50 +0.74%
Volume: 797,658
Track GIS

GLW 16.61

+0.20 +1.22%
Volume: 4,186,055
Track GLW

GS 173.17

+3.16 +1.86%
Volume: 4,109,345
Track GS

KOF 55.91

+0.79 +1.43%
Volume: 30,698
Track KOF

PTV 24.06

+0.56 +2.38%
Volume: 1,197,796
Track PTV

REP 27.90

+0.58 +2.12%
Volume: 105,564
Track REP

RIMM 60.55

+0.83 +1.39%
Volume: 9,068,392
Track RIMM

SCHW 18.16

-0.09 -0.49%
Volume: 2,459,129
Track SCHW

TIF 41.97

+0.67 +1.62%
Volume: 958,851
Track TIF

TWTC 14.90

+0.26 +1.78%
Volume: 86,068
Track TWTC


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