Notable Analyst Rating Changes 6/8: BX, WSM, LYG, STZ Upgraded; GOOG, HOV, STO Downgraded

June 8, 2009 9:50 AM EDT

UPGRADES:
Goldman Sachs upgrades The Blackstone Group (NYSE: BX) from Neutral to Buy with a $13 price target.

Piper Jaffray upgrades Williams-Sonoma (NYSE: WSM) from Neutral to Buy with a $15 price target ahead of its presentation at the Piper Jaffray Consumer conference tomorrow. Click here for more color on the upgrade.

Deutsche Bank upgrades Lloyds Banking Group (NYSE: LYG) from Sell to Buy. Price target increased from 35p to 100p. Click herefor the full report.

Stifel Nicolaus upgrades Constellation Brands (NYSE: STZ) from Hold to Buy. Price target $16.

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

DOWNGRADES:
Benchmark downgraded Google (Nasdaq: GOOG) from Buy to Hold, citing indications of softening
online ad trends. HOV) to Underperform. Valuation Range: $0 to $1. Click here for the full report.

UBS downgrades StatoilHydro (NYSE: STO) from Neutral to Sell.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Airgas Inc. (NYSE: ARG) with a Buy. Price target $54. Here is the full report.

Brean Murray initiates coverage on Changyou.com (Nasdaq: CYOU) with a Buy. Price target $47. Here is the full report.

UBS initiates coverage on Sasol Limited (NYSE: SSL) with a Neutral rating.

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


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Stocks Mentioned

ARG 47.85

+1.25 +2.68%
Volume: 315,261
Track ARG

BX 15.59

+0.75 +5.05%
Volume: 3,205,788
Track BX

CYOU 33.00

+1.76 +5.63%
Volume: 349,270
Track CYOU

GOOG 560.85

+9.75 +1.77%
Volume: 1,790,387
Track GOOG

HOV 4.01

-0.15 -3.61%
Volume: 2,252,821
Track HOV

LYG 5.68

+0.05 +0.89%
Volume: 634,723
Track LYG

SSL 40.21

+1.15 +2.94%
Volume: 231,674
Track SSL

STO 25.35

+1.03 +4.24%
Volume: 628,998
Track STO

STZ 16.26

+0.19 +1.18%
Volume: 675,608
Track STZ

WSM 19.72

+0.48 +2.49%
Volume: 858,050
Track WSM


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