Notable Analyst Rating Changes 9/11: AXL, INTC, TXT, SLB, LVS, AVY Upgraded; AIG, BBY, ALL, NOK, RNWK Downgraded

September 11, 2009 10:31 AM EDT

UPGRADES:
Barclays is out with a major call on American Axle (NYSE: AXL) upgrading the shares to Overweight from Equal-Weight while raising their price target to $13 (prev. $8). Click here for the full report.

Roth Capital upgrades Intel (Nasdaq: INTC) from Hold to Buy. Price target increased from $21 to $25.

Barclays Capital upgrades Textron (NYSE: TXT) from Equalweight to Overweight, also raising its price target from $15 to $28.

Goldman Sachs upgrades Schlumberger Limited (NYSE: SLB) from Neutral to Buy with a $78 price target.

Sterne Agee upgrades Las Vegas Sands (NYSE: LVS) from Neutral to Buy.

Baird upgrades Avery Dennison (NYSE: AVY) from Underperform to Neutral. Price target increased to $36.

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

DOWNGRADES:
Wells Fargo downgrades American International Group, Inc. (NYSE: AIG) to Undperform and lowered their valuation range from $21-$29 to $10-$20, saying they find few fundamental reasons that support the company's price. Click here for the full report.

Oppenheimer downgrades Best Buy (NYSE: BBY) from Outperform to Market Perform. The firm also raised its target from $42 to $44. Click here for more color.

Goldman Sachs Downgrades Allstate (NYSE: ALL) from Neutral to Sell citing risks of market share losses in auto, low ROEs in homeowners', and an unclear future for life insurance.

Baird downgrades Nokia (NYSE: NOK) from Outperform to Neutral. Price target lowered from $18 to $15.

J.P. Morgan downgrades RealNetworks (Nasdaq: RNWK) from Neutral to Underweight.

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

NEW COVERAGE:
Jefferies & Co. initiates coverage on Novo Nordisk (NYSE: NVO) with a Buy rating.

Roth Capital initiates coverage on Gardner Denver (NYSE: GDI) with a Buy rating. Price target $40.

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


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Stocks Mentioned

AIG 35.10

-0.56 -1.57%
Volume: 5,936,235
Track AIG

ALL 29.12

+0.25 +0.87%
Volume: 4,836,406
Track ALL

AVY 38.03

-0.37 -0.96%
Volume: 967,898
Track AVY

AXL 6.43

-0.18 -2.72%
Volume: 1,376,969
Track AXL

BBY 43.30

+0.35 +0.81%
Volume: 6,213,387
Track BBY

GDI 37.78

-0.22 -0.58%
Volume: 229,403
Track GDI

INTC 19.24

-0.06 -0.31%
Volume: 49,134,046
Track INTC

LVS 16.35

-0.60 -3.54%
Volume: 28,381,936
Track LVS

NOK 13.33

-0.28 -2.06%
Volume: 9,427,893
Track NOK

NVO 66.15

+0.05 +0.08%
Volume: 66,053
Track NVO

RNWK 3.43

-0.15 -4.19%
Volume: 669,477
Track RNWK

SLB 63.34

-1.20 -1.86%
Volume: 8,522,450
Track SLB

TXT 19.64

-0.54 -2.68%
Volume: 5,398,367
Track TXT


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