Notable Analyst Rating Changes 10/13: PKX, DRYS, YHOO, AMD, PHG Upgrade; GS, VPRT, SVU, GAP, SWY, DRIV Downgrade

October 13, 2009 10:46 AM EDT

UPGRADES:
Goldman Sachs upgraded POSCO (NYSE: PKX) to Buy and added the stock to their Conviction Buy List with a $150 price target.

Lazard Capital Markets upgrades shares of DryShips (Nasdaq: DRYS) from Hold to Buy.

Benchmark upgrades Yahoo! (Nasdaq: YHOO) from Hold to Buy. Price target raised from $16 to $20. For more color Click Here

JMP Securities upgrades Advanced Micro Devices (NYSE: AMD) from Underperform to Market Perform.

RBS upgrades Philips Electronics (NYSE: PHG) from Hold to Buy. BNP Paribas upgrades Philips Electronics from Underperform to Neutral.

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

DOWNGRADES:
Meredith Whitney Advisory downgrades Goldman Sachs (NYSE: GS) from Buy to Neutral, with a $186 price target.

Goldman Sachs downgrades VistaPrint (Nasdaq: VPRT) from Buy to Neutral and lowers their price target from $52 to $47.

Pali Research downgrades SUPERVALU (NYSE: SVU) & Great Atlantic & Pacific Tea Co (NYSE: GAP) from Neutral to SELL and lowering estimates ahead of the upcoming earnings reports. Pali also lowered estimates on SELL rated Safeway (NYSE: SWY). For more color Click Here

RBC downgrades Digital River (Nasdaq: DRIV) from Outperform to Sector Perform. Price target halved to $22. First Analysis also downgrades Digital River from Overweight to Equalweight.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Citigroup (NYSE: C) with a Buy rating and $5.50 price target. For more color, Click Here

UBS initiates coverage on Coach (NYSE: COH) with a Neutral rating. Price target $37.

Auriga initiates coverage on F5 Networks (Nasdaq: FFIV) with a Buy. Price target $48.

J.P. Morgan initiates coverage on J.M. Smucker (NYSE: SJM) with a Neutral rating.

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


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Stocks Mentioned

AMD 7.07

+0.12 +1.73%
Volume: 10,186,299
Track AMD

C 4.17

-0.04 -0.95%
Volume: 102,821,653
Track C

COH 35.71

+0.78 +2.23%
Volume: 2,118,073
Track COH

DRIV 26.40

+0.10 +0.38%
Volume: 161,280
Track DRIV

DRYS 6.27

-0.08 -1.26%
Volume: 5,883,912
Track DRYS

FFIV 48.35

+0.32 +0.67%
Volume: 222,657
Track FFIV

GAP 11.69

+0.23 +2.01%
Volume: 130,183
Track GAP

GS 169.68

-1.45 -0.85%
Volume: 3,017,782
Track GS

PHG 28.41

+0.82 +2.97%
Volume: 427,119
Track PHG

PKX 125.11

+4.44 +3.68%
Volume: 178,872
Track PKX

SJM 59.11

+0.69 +1.18%
Volume: 340,881
Track SJM

SVU 14.69

-0.08 -0.54%
Volume: 1,612,593
Track SVU

SWY 22.69

+0.11 +0.49%
Volume: 3,597,650
Track SWY

VPRT 52.64

+2.39 +4.76%
Volume: 463,874
Track VPRT

YHOO 15.22

-0.02 -0.13%
Volume: 11,375,559
Track YHOO


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