Notable Analyst Rating Changes 9/30: NKE, HBAN, AMSC, CPSL, EHTH, ADM Upgraded; TGT, PSSI, GLBC, ICON Downgraded

September 30, 2009 11:10 AM EDT

UPGRADES:
Goldman Sachs upgraded Nike (NYSE: NKE) from Neutral to Buy with a $75 price target.

Deutsche Bank upgrades Huntington Bank (Nasdaq: HBAN) from Hold to Buy. Price target increased to $5.50. Click here for the full report.

Kaufman Bros. upgrades American Superconductor Corp. (NASDAQ: AMSC) from Hold to Buy. Price target increased to $36. Here is more color on the upgrade.

Roth Capital upgrades China Precision Steel (Nasdaq: CPSL) from Sell to Hold. Price target increased to $2.50 from $1.60.

ThinkEquity upgrades eHealth (Nasdaq: EHTH) from Accumulate to Buy. Price target $19.

BMO Capital upgrades Archer-Daniels-Midland (NYSE: ADM) from Market Perform to Outperform. Price target increased from $27 to $34.

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

DOWNGRADES:
UBS downgrades Target (NYSE: TGT) from Buy to Neutral, but maintained its $52 price target.

Goldman Sachs downgraded PSS World Medical Inc. (Nasdaq: PSSI) from Buy to Neutral, but raised their price target from $20 to $23.

Citi downgrades Global Crossing (Nasdaq: GLBC) from Buy to Hold. Price target $16.

Brean Murray downgrades Iconix Brand Group (Nasdaq: ICON) to Hold and eliminating target price. Click here for the full report.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Lorillard (NYSE: LO) with a Buy. Price target $83. Here is the full report.

Bernstein initiates coverage on several discount retailers this morning: Target at Outperform, Costco Wholesale (Nasdaq: COST) at Market Perform, and Wal-Mart (NYSE: WMT) at Market Perform

Auriga initiates coverage on PMC-Sierra (Nasdaq: PMCS) with a Buy rating and $13 price target. Click here to see more color.

Lazard Capital Markets initiates coverage on Intel (Nasdaq: INTC) with a Buy ratin

RBC Capital initiates coverage on Dollar Tree (Nasdaq: DLTR) with an Outperform rating. Price target $58.

RBC Capital initiates coverage on BB&T Corp. (NYSE: BBT) with a Sector Perform rating and a $25 price target.

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


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Stocks Mentioned

ADM 31.26

+0.00 +0.00%
Volume: 4,078,203
Track ADM

AMSC 33.60

+0.00 +0.00%
Volume: 681,522
Track AMSC

BBT 25.08

+0.00 +0.00%
Volume: 3,896,196
Track BBT

COST 60.51

+0.00 +0.00%
Volume: 2,577,965
Track COST

CPSL 2.20

+0.00 +0.00%
Volume: 226,708
Track CPSL

DLTR 51.33

+0.00 +0.00%
Volume: 3,630,146
Track DLTR

EHTH 13.25

+0.00 +0.00%
Volume: 127,942
Track EHTH

GLBC 12.44

+0.00 +0.00%
Volume: 79,734
Track GLBC

HBAN 3.76

+0.00 +0.00%
Volume: 6,800
Track HBAN

ICON 11.55

+0.00 +0.00%
Volume: 1,131,157
Track ICON

INTC 19.39

+0.00 +0.00%
Volume: 13,516
Track INTC

LO 80.25

+0.00 +0.00%
Volume: 700
Track LO

NKE 64.52

+0.00 +0.00%
Volume: 1,612,276
Track NKE

PMCS 8.14

+0.00 +0.00%
Volume: 11,213,459
Track PMCS

PSSI 19.89

+0.00 +0.00%
Volume: 272,714
Track PSSI

TGT 47.46

+0.00 +0.00%
Volume: 5,862,909
Track TGT

WMT 54.85

+0.00 +0.00%
Volume: 3,366
Track WMT


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