Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded

October 28, 2009 11:48 AM EDT

UPGRADES:
Goldman Sachs upgrades Texas Instruments Inc. (NYSE: TXN) from Neutral to Buy

RBC Capital upgrades Motorola (NYSE: MOT) from Sector Perform to Outperform.

Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61.

Oppenheimer upgrades Wynn Resorts (NASDAQ: WYNN) from Market Perform to Outperform. The firm maintains a $73 price target.

Caris & Co upgrades Illumina (NASDAQ: ILMN) from Average to Above Average. Price target increased to $42.

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

DOWNGRADES:
Bank of America downgrades Apollo Group (NASDAQ: APOL) from Buy to Neutral. Price target slashed from $100 to $73. Additionally, Morgan Stanley downgrades Apollo Group from Overweight to Equalweight.

Goldman Sachs downgrades SanDisk (NASDAQ: SNDK) from Buy to Neutral, maintaining a $24 price target.

Roth downgrades NVIDIA (NASDAQ: NVDA) from Buy to Hold, and lowers their price target from $18 to $12.

KeyBanc downgrades U.S. Steel (NYSE: X) from Hold to Buy.

ThinkEquity has downgraded shares of ValueClick (NASDAQ: VCLK) from Buy to Hold. Merriman Curhan Ford also downgraded ValueClick to Neutral. Finally, Needham & Co downgraded ValueClick from Buy to Hold.

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

NEW COVERAGE:
Bank of America restarts coverage on Archer-Daniels-Midland (NYSE: ADM) with a Buy. Price target $36.

Citi initiates coverage on Ciena Corp. (NASDAQ: CIEN) with a Buy rating and a $17.50 price target.

Bank of America restarts coverage on Tyson Foods (NYSE: TSN) with a Buy, and a price target of $15.

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


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Stocks Mentioned

ADM 31.38

-0.47 -1.48%
Volume: 2,629,064
Track ADM

APOL 55.81

+0.24 +0.43%
Volume: 1,361,603
Track APOL

CIEN 12.49

+0.49 +4.08%
Volume: 9,998,284
Track CIEN

ILMN 28.03

+1.53 +5.77%
Volume: 5,554,565
Track ILMN

MOT 8.23

-0.07 -0.84%
Volume: 17,722,233
Track MOT

NVDA 13.00

+0.00 +0.00%
Volume: 8,043,476
Track NVDA

SNDK 19.97

-0.37 -1.82%
Volume: 4,284,506
Track SNDK

TGT 47.48

+0.22 +0.47%
Volume: 4,625,604
Track TGT

TSN 12.41

-0.47 -3.65%
Volume: 4,378,520
Track TSN

TXN 25.42

+0.28 +1.11%
Volume: 8,331,384
Track TXN

VCLK 10.04

-0.13 -1.28%
Volume: 405,653
Track VCLK

WYNN 63.18

-0.60 -0.94%
Volume: 1,317,296
Track WYNN

X 42.15

-0.07 -0.17%
Volume: 5,585,981
Track X


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