Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded

October 28, 2009 11:48 AM EDT

UPGRADES:
Goldman Sachs upgrades Texas Instruments Inc. (NYSE: TXN) from Neutral to Buy

RBC Capital upgrades Motorola (NYSE: MOT) from Sector Perform to Outperform.

Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61.

Oppenheimer upgrades Wynn Resorts (NASDAQ: WYNN) from Market Perform to Outperform. The firm maintains a $73 price target.

Caris & Co upgrades Illumina (NASDAQ: ILMN) from Average to Above Average. Price target increased to $42.

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

DOWNGRADES:
Bank of America downgrades Apollo Group (NASDAQ: APOL) from Buy to Neutral. Price target slashed from $100 to $73. Additionally, Morgan Stanley downgrades Apollo Group from Overweight to Equalweight.

Goldman Sachs downgrades SanDisk (NASDAQ: SNDK) from Buy to Neutral, maintaining a $24 price target.

Roth downgrades NVIDIA (NASDAQ: NVDA) from Buy to Hold, and lowers their price target from $18 to $12.

KeyBanc downgrades U.S. Steel (NYSE: X) from Hold to Buy.

ThinkEquity has downgraded shares of ValueClick (NASDAQ: VCLK) from Buy to Hold. Merriman Curhan Ford also downgraded ValueClick to Neutral. Finally, Needham & Co downgraded ValueClick from Buy to Hold.

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

NEW COVERAGE:
Bank of America restarts coverage on Archer-Daniels-Midland (NYSE: ADM) with a Buy. Price target $36.

Citi initiates coverage on Ciena Corp. (NASDAQ: CIEN) with a Buy rating and a $17.50 price target.

Bank of America restarts coverage on Tyson Foods (NYSE: TSN) with a Buy, and a price target of $15.

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


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Stocks Mentioned

ADM 31.85

+0.23 +0.73%
Volume: 4,536,744
Track ADM

APOL 55.57

+0.47 +0.85%
Volume: 2,091,041
Track APOL

CIEN 12.00

-1.17 -8.88%
Volume: 18,159,834
Track CIEN

ILMN 26.50

-0.31 -1.16%
Volume: 7,018,418
Track ILMN

MOT 8.30

+0.02 +0.24%
Volume: 30,460,181
Track MOT

NVDA 13.00

+0.10 +0.78%
Volume: 9,774,517
Track NVDA

SNDK 20.34

+0.10 +0.49%
Volume: 4,488,455
Track SNDK

TGT 47.26

-0.20 -0.42%
Volume: 7,177,119
Track TGT

TSN 12.88

-0.19 -1.45%
Volume: 4,980,873
Track TSN

TXN 25.14

+0.40 +1.62%
Volume: 9,020,126
Track TXN

VCLK 10.17

+0.17 +1.70%
Volume: 497,084
Track VCLK

WYNN 63.78

-0.10 -0.16%
Volume: 2,529,179
Track WYNN

X 42.22

+0.90 +2.18%
Volume: 7,529,825
Track X


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