Notable Analyst Rating Changes 5/20: MCD, EPIQ, PG, IRE, TLB Upgraded; CL, BWY Downgraded

May 20, 2009 9:51 AM EDT

UPGRADES:
Deutsche Bank upgrades McDonald's (NYSE: MCD) from Hold to Buy, citing valuation, positive upcoming catalysts and attractive cash flow. The firm raised its price target from $60 to $65. Click here for more color.

KeyBanc upgrades EPIQ Systems, Inc. (Nasdaq: EPIQ) from Hold to Buy. Price target $17. Click here for more color on the upgrade.

Barclays Capital upgrades Procter & Gamble (NYSE: PG) from Equal-weight to Overweight and raises its price target from $56 to $60.

Deutsche Bank upgrades Bank of Ireland (NYSE: IRE) to Buy. Price target raised to E2. Click here for the full report.

FBR Capital upgrades Talbots (NYSE: TLB) from Market Perform to Outperform. Price target increased from $2 to $4. Here is the full report.

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

DOWNGRADES:
Barclays downgrades Colgate-Palmolive (NYSE: CL) from Overweight to Equalweight. Price target $68.

Deutsche Bank downgrades BWAY Corporation (NYSE: BWY) from Buy to Hold. Here is the full report.

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

NEW COVERAGE:
Goldman Sachs restarted coverage on WellCare Health Plans, Inc. (NYSE: WCG) with a Buy and added the stock to their Conviction Buy List.

Wachovia resumes coverage on Visa, Inc. (NYSE: V) with an Outperform rating. Valuation Range of $82
to $84. Click here to see full color on the coverage.

FBR Capital initiates coverage on Diana Shipping (NYSE: DSX) with an Outperform and sets an $18 price target.

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


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Stocks Mentioned

BWY 18.15

+0.33 +1.85%
Volume: 63,609
Track BWY

CL 81.23

+1.36 +1.70%
Volume: 3,149,666
Track CL

DSX 14.16

+0.67 +4.97%
Volume: 2,105,277
Track DSX

EPIQ 12.66

+0.09 +0.72%
Volume: 228,290
Track EPIQ

IRE 12.74

+1.07 +9.17%
Volume: 1,182,434
Track IRE

MCD 62.64

+0.92 +1.49%
Volume: 10,519,158
Track MCD

PG 61.85

+0.81 +1.33%
Volume: 14,313,058
Track PG

TLB 9.19

+0.69 +8.12%
Volume: 1,197,786
Track TLB

V 81.16

+1.49 +1.87%
Volume: 6,580,560
Track V

WCG 31.39

+1.25 +4.15%
Volume: 787,334
Track WCG


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