Notable Analyst Rating Changes 10/7: BAC, KO, DIS, TWC Upgrade; STJ, TSM, ACV, LYG, RBN Downgrade

October 7, 2009 11:16 AM EDT

UPGRADES:
Wells Fargo upgrades Bank of America (NYSE: BAC) from Market Perform to Outperform, also raising its valuation range from $14-$16 to $24-$27. Clickhere for more color.

Deutsche Bank upgrades Coca-Cola Company (NYSE: KO) from Hold to Buy witha $62 price target. Clickhere for more color.

Bank of America Merrill Lynch upgrades Disney (NYSE: DIS) from Underperform to Neutral, also raising its price target on the stock from $22 to $30.

Wells Fargo upgraded Time Warner Cable to Outperform and raised its valuation range from $30-$33 to $50-$54. Clickhere for more color.

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

DOWNGRADES:
Canaccord Adams downgrades St. Jude Medical Inc. (NYSE: STJ) from Buy to Hold and lowered thier price target from $48 to $37. Click here for more color.

UBS downgrades Taiwan Semiconductor (NYSE: TSM) from Buy to Neutral.

Caris & Co downgrades Alberto-Culver (NYSE: ACV) from Buy to Above Average. Price target lowered by $1 to $27.

Fox-Pitt downgrades Lloyds Banking Group (NYSE: LYG) from In-Line to Underperform.

BB&T Capital downgrades Robbins & Myers (NYSE: RBN) from Buy to Hold.

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

NEW COVERAGE:
Goldman Sachs resumed coverage on Pulte Homes (NYSE: PHM) with a Neutral rating and a 6-month price target of $12.

Jesup & Lamont initiates coverage on Research in Motion (Nasdaq: RIMM) with a Buy rating.

Wells Fargo resumes coverage on Group 1 Automotive, Inc. (NYSE: GPI) with an Outperform rating. Valuation range of $31 to $34.

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


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Stocks Mentioned

ACV 27.95

-0.13 -0.46%
Volume: 154,937
Track ACV

BAC 16.24

-0.05 -0.31%
Volume: 75,232,578
Track BAC

DIS 30.17

-0.31 -1.02%
Volume: 4,488,293
Track DIS

GPI 26.10

-0.81 -3.01%
Volume: 186,990
Track GPI

KO 58.04

-0.20 -0.34%
Volume: 4,470,363
Track KO

LYG 6.15

+0.12 +1.99%
Volume: 1,299,082
Track LYG

PHM 9.34

-0.22 -2.30%
Volume: 5,470,849
Track PHM

RBN 24.49

-0.04 -0.16%
Volume: 72,191
Track RBN

RIMM 59.44

-0.56 -0.93%
Volume: 5,160,198
Track RIMM

STJ 36.48

+1.47 +4.20%
Volume: 4,915,209
Track STJ

TSM 10.45

-0.06 -0.57%
Volume: 4,299,866
Track TSM


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