Notable Analyst Rating Changes 6/8: BX, WSM, LYG, STZ Upgraded; GOOG, HOV, STO Downgraded

June 8, 2009 9:50 AM EDT

UPGRADES:
Goldman Sachs upgrades The Blackstone Group (NYSE: BX) from Neutral to Buy with a $13 price target.

Piper Jaffray upgrades Williams-Sonoma (NYSE: WSM) from Neutral to Buy with a $15 price target ahead of its presentation at the Piper Jaffray Consumer conference tomorrow. Click here for more color on the upgrade.

Deutsche Bank upgrades Lloyds Banking Group (NYSE: LYG) from Sell to Buy. Price target increased from 35p to 100p. Click herefor the full report.

Stifel Nicolaus upgrades Constellation Brands (NYSE: STZ) from Hold to Buy. Price target $16.

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

DOWNGRADES:
Benchmark downgraded Google (Nasdaq: GOOG) from Buy to Hold, citing indications of softening
online ad trends. HOV) to Underperform. Valuation Range: $0 to $1. Click here for the full report.

UBS downgrades StatoilHydro (NYSE: STO) from Neutral to Sell.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Airgas Inc. (NYSE: ARG) with a Buy. Price target $54. Here is the full report.

Brean Murray initiates coverage on Changyou.com (Nasdaq: CYOU) with a Buy. Price target $47. Here is the full report.

UBS initiates coverage on Sasol Limited (NYSE: SSL) with a Neutral rating.

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


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Stocks Mentioned

ARG 46.60

+0.06 +0.13%
Volume: 879,347
Track ARG

BX 14.84

+0.97 +6.99%
Volume: 5,997,582
Track BX

CYOU 31.24

-0.15 -0.48%
Volume: 149,278
Track CYOU

GOOG 551.10

+2.45 +0.45%
Volume: 1,826,705
Track GOOG

HOV 4.16

-0.04 -0.95%
Volume: 2,644,083
Track HOV

LYG 5.63

+0.15 +2.74%
Volume: 1,780,682
Track LYG

SSL 39.06

+0.27 +0.70%
Volume: 521,022
Track SSL

STO 24.32

-0.18 -0.73%
Volume: 1,071,343
Track STO

STZ 16.07

-0.01 -0.06%
Volume: 2,054,860
Track STZ

WSM 19.24

+0.03 +0.16%
Volume: 1,784,398
Track WSM


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