Notable Analyst Rating Changes 10/19: AXP, NOV, EL, DKS Upgrade; FNM/FRE, ANF, MAT, LUV Downgrade

October 19, 2009 11:11 AM EDT

UPGRADES:
FBR Research upgrades American Express (NYSE: AXP) from Underperform to Market Perform. Price target increased from $25 to $37. Click Here for more color.

Raymond James upgrades National Oilwell Varco (NYSE: NOV) from Strong Buy to Outperform.

RBC Capital upgrades Estee Lauder (NYSE: EL) from Underperform to Sector Perform.

Piper Jaffray upgrades Dick's Sporting Goods (NYSE: DKS) from Underweight to Neutral. Price target increased from $18 to $28. Click Here for more color.

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

DOWNGRADES:
Keefe, Bruyette, and Woods downgrades both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Underperform and cut their price targets to $0. Click Here for more color.

Brean Murray downgrades Abercrombie & Fitch (NYSE: ANF) from Hold to Sell.

Morgan Joseph downgrades Mattel (NYSE: MAT) to Hold. Click Here for more color.

JP Morgan downgrades Southwest Airlines (NYSE: LUV) to Underweight.

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

NEW COVERAGE:
Barclays resumes coverage on Pfizer (NYSE: PFE) with an Overweight rating. Price target $21.

Citi initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy rating. Price target $21.

RBC Capital initiates coverage on Terex (NYSE: TEX) with an Outperform rating.

Wells Fargo resumes coverage on CenturyTel, Inc. (NYSE: CTL) with an Outperform rating. Valuation Range $38-40. Click Here for more coverage.

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


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Stocks Mentioned

ANF 39.73

-0.38 -0.95%
Volume: 3,582,221
Track ANF

AXP 40.93

-0.21 -0.51%
Volume: 10,664,619
Track AXP

CTL 35.61

+0.82 +2.36%
Volume: 4,544,019
Track CTL

DKS 21.58

-0.94 -4.17%
Volume: 3,334,158
Track DKS

EL 47.86

+0.25 +0.53%
Volume: 2,081,211
Track EL

FNM 1.02

-0.01 -0.97%
Volume: 7,378,974
Track FNM

FRE 1.14

-0.02 -1.72%
Volume: 6,210,970
Track FRE

LUV 9.00

+0.09 +1.01%
Volume: 5,549,917
Track LUV

MAT 20.01

-0.22 -1.09%
Volume: 4,564,999
Track MAT

MRVL 15.28

+0.01 +0.07%
Volume: 9,418,268
Track MRVL

NOV 42.79

-1.04 -2.37%
Volume: 5,061,812
Track NOV

PFE 18.36

+0.25 +1.38%
Volume: 60,974,916
Track PFE

TEX 20.30

-0.80 -3.79%
Volume: 1,846,561
Track TEX


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