Notable Analyst Rating Changes 10/22: FFIV, FCX, LMT, MOT, NVLS Upgraded; CHK, SAP, STJ, NTRS, FIS downgraded

October 22, 2009 10:50 AM EDT

UPGRADES:
UBS upgrades F5 Networks (Nasdaq: FFIV) from Sell to Neutral. Price target increased to $47 from $29.

Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) to Buy. Price target increased from $72 to $100. Click Here for more color.

Buckingham Research upgrades shares of Lockheed Martin (NYSE: LMT) from Accumulate to Strong Buy.

Thomas Weisel upgrades Motorola (NYSE: MOT) from Marketweight to Overweight. Price target increased from $7 to $11.

Deutsche Bank upgrades Novellus Systems (Nasdaq: NVLS) to Hold. Price target increased from $13 to $18. For more color, Click Here.

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

DOWNGRADES:
Chesapeake Energy (NYSE: CHK) gets downgraded by UBS. The firm lowered its rating on Chesapeake from Buy to Neutral.

Bank of America downgrades SAP AG (NYSE: SAP) from Buy to Neutral.

FTN Equity downgrades St. Jude Medical (NYSE: STJ) from Buy to Neutral.

FTN Equity downgrades Northern Trust (Nasdaq: NTRS) from Buy to Neutral. Price target lowered from $65 to $55.

Duncan-Williams downgrades Fidelity National Information Services (NYSE: FIS) from Strong Buy to Buy. Price Target $28. Click Here for more color.

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

NEW COVERAGE:
Pali Research initiates coverage on Tenet Healthcare (NYSE: THC) with a Buy. Price target $8.25. For more color, Click Here.

Jesup & Lamont initiates coverage on Limited Brands (NYSE: LTD) with a Hold.

Pali Research initiates coverage on Health Management Associates (NYSE: HMA) with a Neutral. Click Here for more color.

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


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Stocks Mentioned

CHK 23.03

-0.35 -1.50%
Volume: 13,039,319
Track CHK

FCX 84.57

-0.15 -0.18%
Volume: 11,419,744
Track FCX

FFIV 46.91

-1.46 -3.02%
Volume: 1,387,236
Track FFIV

FIS 22.73

-0.38 -1.64%
Volume: 2,917,829
Track FIS

HMA 6.31

+0.01 +0.16%
Volume: 2,219,874
Track HMA

LMT 76.10

+0.82 +1.09%
Volume: 2,844,121
Track LMT

LTD 17.25

-0.43 -2.43%
Volume: 4,588,664
Track LTD

MOT 8.28

-0.20 -2.36%
Volume: 22,742,048
Track MOT

NTRS 47.24

-0.43 -0.90%
Volume: 2,901,785
Track NTRS

NVLS 20.96

+0.07 +0.34%
Volume: 4,626,830
Track NVLS

SAP 47.74

-0.46 -0.95%
Volume: 944,804
Track SAP

STJ 34.32

-0.18 -0.52%
Volume: 3,613,771
Track STJ

THC 5.27

+0.01 +0.19%
Volume: 3,583,576
Track THC


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