Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 41.83

+0.99 +2.42%
Volume: 14,374,538
Track AXP

BHP 75.30

+0.61 +0.82%
Volume: 3,810,181
Track BHP

FITB 10.08

+0.51 +5.33%
Volume: 21,329,469
Track FITB

HBC 59.01

+0.55 +0.94%
Volume: 2,324,344
Track HBC

HRB 20.30

-0.09 -0.44%
Volume: 3,128,670
Track HRB

INTU 29.21

-0.06 -0.20%
Volume: 2,498,871
Track INTU

KBH 13.55

-0.07 -0.51%
Volume: 2,447,803
Track KBH

MSFT 29.41

+0.19 +0.65%
Volume: 44,173,283
Track MSFT

NE 41.31

+0.10 +0.24%
Volume: 3,541,570
Track NE

PBI 23.04

-0.23 -0.99%
Volume: 2,490,638
Track PBI

RTP 204.10

-0.38 -0.19%
Volume: 783,632
Track RTP

SLB 63.89

+0.75 +1.19%
Volume: 6,701,671
Track SLB

STI 23.63

+1.04 +4.60%
Volume: 8,350,488
Track STI

URBN 31.64

-0.18 -0.57%
Volume: 3,375,111
Track URBN

USB 24.13

+1.18 +5.14%
Volume: 16,130,345
Track USB


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