Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 41.44

+0.00 +0.00%
Volume: 7,229,449
Track AXP

BHP 74.29

+0.00 +0.00%
Volume: 4,457,660
Track BHP

FITB 10.01

-0.16 -1.57%
Volume: 19,570,647
Track FITB

HBC 61.32

+0.00 +0.00%
Volume: 1,205,461
Track HBC

HRB 20.76

+0.00 +0.00%
Volume: 2,248,649
Track HRB

INTU 29.46

-0.47 -1.57%
Volume: 3,135,029
Track INTU

KBH 13.73

+0.00 +0.00%
Volume: 3,585,888
Track KBH

MSFT 29.91

-0.03 -0.10%
Volume: 37,341,362
Track MSFT

NE 41.64

+0.73 +1.78%
Volume: 4,252,876
Track NE

PBI 23.58

+0.00 +0.00%
Volume: 2,191,985
Track PBI

RTP 209.87

+0.00 +0.00%
Volume: 1,593,653
Track RTP

SLB 65.56

+0.00 +0.00%
Volume: 7,119,005
Track SLB

STI 22.84

+0.00 +0.00%
Volume: 9,812,088
Track STI

URBN 31.63

+0.15 +0.48%
Volume: 2,807,034
Track URBN

USB 23.73

+0.00 +0.00%
Volume: 12,573,290
Track USB


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