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 48.23

+1.63 +3.50%
Volume: 670,376
Track ARG

BX 15.60

+0.76 +5.12%
Volume: 5,116,805
Track BX

CYOU 33.14

+1.90 +6.08%
Volume: 502,080
Track CYOU

GOOG 562.51

+11.41 +2.07%
Volume: 2,638,608
Track GOOG

HOV 4.19

+0.03 +0.72%
Volume: 4,469,635
Track HOV

LYG 5.68

+0.05 +0.89%
Volume: 2,856,160
Track LYG

SSL 40.15

+1.09 +2.79%
Volume: 415,215
Track SSL

STO 25.40

+1.08 +4.44%
Volume: 1,304,561
Track STO

STZ 16.38

+0.31 +1.93%
Volume: 1,360,766
Track STZ

WSM 20.01

+0.77 +4.00%
Volume: 1,585,176
Track WSM


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