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 46.65

+0.40 +0.86%
Volume: 620,554
Track ARG

BX 13.61

-0.23 -1.66%
Volume: 4,211,923
Track BX

CYOU 33.03

+0.56 +1.72%
Volume: 176,312
Track CYOU

GOOG 589.87

+6.87 +1.18%
Volume: 2,319,783
Track GOOG

HOV 4.02

+0.09 +2.29%
Volume: 1,989,893
Track HOV

LYG 5.24

-0.16 -2.96%
Volume: 2,417,263
Track LYG

SSL 40.64

+1.06 +2.68%
Volume: 224,520
Track SSL

STO 25.38

+0.70 +2.84%
Volume: 952,914
Track STO

STZ 17.25

+0.14 +0.82%
Volume: 1,501,730
Track STZ

WSM 21.20

+0.88 +4.33%
Volume: 2,635,193
Track WSM


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