Notable Analyst Rating Changes 11/06: GE, CBS, HD/LOW, M Upgrade; ESLR, RMD, SUN Downgrade

November 6, 2009 11:00 AM EST

UPGRADES:
Oppenheimer upgraded General Electric (NYSE: GE) today from Perform to Outperform and raised their price target from $17 to $18. Sandford C. Bernstein also upgraded General Electric from Market Perform to Outperform and raised their price target from $18 to $19. Investors are reacting positively to the two upgrades of General Electric (NYSE: GE) today.

Piper Jaffray upgrades CBS Corporation (NYSE: CBS) from Underweight to Neutral. Price target increased from $12 to $13. Click Here for more color.

Bank of America upgraded home improvement retailers Home Depot (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) two-notches from Underperform to Buy. The firm sees a price target of $29 for Home Depot, and $23 for Lowe's.

JPMorgan has upgraded shares of Macy's (NYSE: M) from Neutral to Overweight this morning, also boosting his price target from $19 to $23. Click Here for more color.

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

DOWNGRADES:
Citi, Pacific Crest, and Adrour Capital cut Evergreen Solar (NASDAQ: ESLR) from Hold to Sell, Sector Outperform to Sectore Perform, and Hold to Reduce, Respectively. Citi also reduced its price target from $3 to $1.

Jefferies & Co downgrades ResMed (NYSE: RMD) from Buy to Hold. Price target increased from $50 to $53. Morgan Stanley also downgraded ResMed from Overweight to Equalweight.

Howard Weil downgrades Sunoco (NYSE: SUN) from Outperform to Market Perform.

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

NEW COVERAGE:
Janney Montgomery Scott initiates coverage on Peet's Coffee and Tea (NASDAQ: PEET) with a Buy. Price target $62. Click Here for more color.

Jefferies & Co initiates coverage on Thermo Fisher Scientific (NYSE: TMO) with a Hold rating. Price target $50.

MKM Partners initiates coverage on Hertz Global (NYSE: HTZ) with a Neutral.

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


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Stocks Mentioned

CBS 12.84

-0.47 -3.53%
Volume: 7,973,044
Track CBS

ESLR 1.47

-0.01 -0.68%
Volume: 1,104,367
Track ESLR

GE 15.59

-0.17 -1.08%
Volume: 63,909,707
Track GE

HD 27.18

+0.07 +0.26%
Volume: 17,602,115
Track HD

HTZ 9.78

-0.11 -1.11%
Volume: 1,627,620
Track HTZ

LOW 21.35

-0.14 -0.65%
Volume: 12,594,726
Track LOW

M 17.11

-0.27 -1.55%
Volume: 10,465,478
Track M

PEET 38.00

-0.22 -0.58%
Volume: 151,533
Track PEET

RMD 50.25

-0.42 -0.83%
Volume: 609,465
Track RMD

SUN 25.93

+0.39 +1.53%
Volume: 5,823,032
Track SUN

TMO 46.56

+0.14 +0.30%
Volume: 3,620,555
Track TMO


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