Notable Analyst Rating Changes 10/06: GS, PTV, KOF, AMX, GLW, GIS Upgraded; DVN, CHK, REP

October 6, 2009 10:54 AM EDT

UPGRADES:
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.

Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.

Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.

Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.

UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.

Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.

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

DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.

Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.

Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.

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

NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target

Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.

Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.

RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.

Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.

Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.

Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.

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


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Stocks Mentioned

AMX 47.81

-0.23 -0.48%
Volume: 1,795,183
Track AMX

ANF 39.42

+0.08 +0.20%
Volume: 4,296,863
Track ANF

AXP 41.44

-0.19 -0.46%
Volume: 7,229,449
Track AXP

CHK 23.65

+0.45 +1.94%
Volume: 14,003,572
Track CHK

DELL 14.32

-0.47 -3.18%
Volume: 33,640,858
Track DELL

DVN 67.65

-0.28 -0.41%
Volume: 4,167,603
Track DVN

GIS 69.02

+0.68 +1.00%
Volume: 2,220,285
Track GIS

GLW 16.53

+0.04 +0.24%
Volume: 8,506,420
Track GLW

GS 171.13

-0.87 -0.51%
Volume: 6,148,648
Track GS

KOF 58.67

+2.81 +5.03%
Volume: 186,604
Track KOF

PTV 24.17

+0.05 +0.21%
Volume: 1,966,290
Track PTV

REP 27.98

+0.20 +0.72%
Volume: 199,747
Track REP

RIMM 59.53

-0.47 -0.78%
Volume: 8,292,032
Track RIMM

SCHW 18.15

-0.05 -0.27%
Volume: 6,914,859
Track SCHW

TIF 41.83

+0.02 +0.05%
Volume: 3,496,439
Track TIF

TWTC 14.91

+0.02 +0.13%
Volume: 430,432
Track TWTC


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