Notable Analyst Rating Changes 11/09: RSH, ANF, NOC, ADBE, HERO Upgraded; RIMM, RHT, GPS, AZN, SGY Downgraded

November 9, 2009 11:14 AM EST

UPGRADES:
Credit Suisse upgraded RadioShack from Neutral to Outperform and raised its price target from $15 to $25. Click Herre for more color.

Goldman Sachs upgrades Abercrombie & Fitch (NYSE: ANF) from Neutral to Buy and added the stock to their Conviction List Buy. The firm raised their 6-month price target from $36 to $45. Click Here for more color. Credit Suisse has also upgraded shares of Abercrombie & Fitch from Neutral to Outperform this morning, also raising its price target on the stock from $30 to $49. For more color from Credit Suisse, Click Here.

Jefferies & Co upgrades Northrop Grumman (NYSE: NOC) from Hold to Buy. Price target increased from $55 to $62.

Goldman Sachs upgrades Adobe Systems Inc. (NASDAQ: ADBE) to Buy and raised their price target to $42. For more color, Click Here..

Credit Suisse upgrades Hercules Offshore (NASDAQ: HERO) from Neutral to Outperform and raises their price target from from $5 to $7.

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

DOWNGRADES:
Susquehanna downgraded Research in Motion Ltd. (NASDAQ: RIMM) from Positive to Neutral, also suspending the firm's $94 price target.

Goldman Sachs downgrades Red Hat, Inc. (NYSE: RHT) from Buy to Neutral, citing valuaion as share approach their $29 price target.

Barclays downgrades Gap, Inc. (NYSE: GPS) from Overweight to Equalweight. Price target $25.

J.P. Morgan downgrades AstraZeneca (NYSE: AZN) from Neutral to Underweight.

Capital One Southcoast downgrades Stone Energy (NYSE: SGY) from Add to Neutral. Price target $20. Click Here for more color.

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

NEW COVERAGE:
Standpoint Research initiates coverage on Ford Motor (NYSE: F) with a Buy rating.

Barclays initiates coverage on Stone Energy (NYSE: SGY) with an Equal Weight rating.

Piper Jaffray & Co. initiates coverage on Veeco Instruments (Nasdaq: VECO) with an Overweight rating. Price target $30. For more color, Click Here.

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


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Stocks Mentioned

ADBE 35.81

-0.30 -0.83%
Volume: 3,344,414
Track ADBE

ANF 39.73

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

AZN 44.82

-0.37 -0.82%
Volume: 1,304,437
Track AZN

F 8.64

-0.09 -1.03%
Volume: 59,309,871
Track F

GPS 21.95

+0.09 +0.41%
Volume: 12,273,765
Track GPS

HERO 5.08

-0.27 -5.05%
Volume: 3,569,057
Track HERO

NOC 55.00

+0.50 +0.92%
Volume: 1,759,654
Track NOC

RHT 27.09

-0.78 -2.80%
Volume: 2,018,033
Track RHT

RIMM 59.72

+0.88 +1.50%
Volume: 17,546,424
Track RIMM

SGY 18.12

-0.48 -2.58%
Volume: 860,785
Track SGY

VECO 26.25

-0.23 -0.87%
Volume: 508,721
Track VECO


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