Notable Analyst Rating Changes 6/11: RF, FITB, BBT, HBAN, STI, BAC, GSK Upgraded; UNH, TIN, ALV, VPRT Downgraded

June 11, 2009 10:32 AM EDT

UPGRADES:
Goldman Sachs upgraded Regions Financial (NYSE: RF) from Neutral to Buy with a $5 price target, Fifth Third (Nasdaq: FITB) from Neutral to Buy, target raised to $8.50, BB & T Corp. (NYSE: BBT) from Sell to Neutral, $24 target, Huntington Bancshares Inc. (Nasdaq: HBAN) from Sell to Neutral, $4.50 target and SunTrust Banks, Inc. (NYSE: STI) from Sell to Neutral, target raised to $18.

Keefe, Bruyette & Woods upgrades Bank of America (NYSE: BAC) to Outperform. Price target increased to $16.50. Click here for more color.

Morgan Stanley upgrades GlaxoSmithKline plc (NYSE: GSK) from Underweight to Equal Weight as part of its raised rating on the European Pharma sector to Attractive. The firm cited valuation for the call.

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

DOWNGRADES:
Oppenheimer is downgrading UnitedHealth Group (NYSE: UNH) to Underperform from Perform, and reducing their price target from $32 to $24. Click here for the full report.

UBS downgrades Temple-Inland (NYSE: TIN) from Buy to Neutral.

Bank of America downgrades Autoliv (NYSE: ALV) from Buy to Neutral.

Citi downgrades VistaPrint Ltd (Nasdaq: VPRT) from Buy to Hold.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on MasterCard (NYSE: MA) with a Buy. Price target $222. Click here to see more color on the coverage.

Societe Generale initiates coverage on Schlumberger (NYSE: SLB) with a Buy.

Morgan Joseph initiates coverage on Mattel (NYSE: MAT) with a Buy. Price target $20. Click here for the full report.

Brean Murray initiates coverage on NPS Pharmaceuticals (Nasdaq: NPSP) with a Buy. Price target $11. 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

ALV 41.16

+0.88 +2.18%
Volume: 1,274,334
Track ALV

BAC 16.17

+0.41 +2.60%
Volume: 760,714,988
Track BAC

BBT 26.24

+0.67 +2.62%
Volume: 7,197,305
Track BBT

FITB 10.34

+0.02 +0.19%
Volume: 12,870,893
Track FITB

GSK 42.83

+0.39 +0.92%
Volume: 1,183,409
Track GSK

HBAN 3.68

+0.00 +0.00%
Volume: 13,974,518
Track HBAN

MA 239.35

+3.19 +1.35%
Volume: 1,002,808
Track MA

MAT 19.78

+0.11 +0.56%
Volume: 1,754,345
Track MAT

NPSP 3.43

+0.00 +0.00%
Volume: 70,985
Track NPSP

RF 5.60

+0.10 +1.82%
Volume: 17,828,473
Track RF

SLB 61.27

-0.93 -1.50%
Volume: 5,666,220
Track SLB

STI 22.45

+0.10 +0.45%
Volume: 6,051,592
Track STI

TIN 20.42

+1.09 +5.64%
Volume: 2,426,150
Track TIN

UNH 27.52

+0.19 +0.70%
Volume: 8,163,112
Track UNH

VPRT 58.61

+0.18 +0.31%
Volume: 344,093
Track VPRT


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