Notable Analyst Rating Changes 10/3: COST, CS, CSX, URBN Upgraded; CMI, WAG, SGP, SCG Downgraded

October 3, 2008 10:10 AM EDT

UPGRADES:
Goldman Sachs upgrades Costco (Nasdaq: COST) from Neutral to Buy and adds the stock to its Conviction Buy List, citing valuation and market share gains as the economy falters.

Goldman Sachs upgrades Credit Suisse Group (NYSE: CS) from Neutral to Buy and added the stock to their Conviction Buy List.

JP Morgan upgrades CSX Corp. (NYSE: CSX) from Neutral to Overweight.

DA Davidson upgrades Urban Outfitters (Nasdaq: URBN) from Neutral to Buy.

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

DOWNGRADES:
Wachovia downgrades Cummins Inc. (NYSE: CMI) to Market Perform and lowering valuation range to $43-46 from $83-86.

Morgan Stanley downgrades Walgreen (NYSE: WAG) from Overweight to Equalweight.

Merrill Lynch downgrades Schering-Plough (NYSE: SGP) from Buy to Underperform

Merrill Lynch downgrades SCANA (NYSE: SCG) from Neutral to Underperform.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on Gilead Sciences (Nasdaq: GILD) with a Neutral.

Jefferies & Co. initiates coverage on The TJX Companies (NYSE: TJX) with a Buy rating.

Banc of America initiates coverage on Kraft Foods (NYSE: KFT) with a Buy rating.

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


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Stocks Mentioned

CMI 27.94

+0.00 +0.00%
Volume: 300
Track CMI

COST 50.12

+0.00 +0.00%
Volume: 4,642
Track COST

CS 27.96

+0.00 +0.00%
Volume: 941,848
Track CS

CSX 34.75

+0.00 +0.00%
Volume: 5,210,359
Track CSX

GILD 48.72

+0.00 +0.00%
Volume: 2,500
Track GILD

KFT 27.76

+0.00 +0.00%
Volume: 11,029,103
Track KFT

SCG 35.56

+0.00 +0.00%
Volume: 1,260,201
Track SCG

SGP 17.72

+0.00 +0.00%
Volume: 11,917,388
Track SGP

TJX 21.71

+0.00 +0.00%
Volume: 5,877,588
Track TJX

URBN 14.00

+0.00 +0.00%
Volume: 24,205
Track URBN

WAG 27.03

+0.00 +0.00%
Volume: 8,245,272
Track WAG


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