Notable Analyst Rating Changes 9/24: MTH, NSM, WFC, AIMC, CPN, SHFL Higher; LLL, AZN, VIP, ANN, KGC, UFS Downgraded

September 24, 2009 10:21 AM EDT

UPGRADES:
Goldman upgraded Meritage (NYSE: MTH) from Neutral to Conviction Buy with a $22 price target.

Citi upgrades National Semiconductor (NYSE: NSM) from Hold to Buy. Click here for some more color on the upgrade.

Atlantic Equities upgrades Wells Fargo (NYSE: WFC) from Underweight to Neutral.

Bank of America upgrades Altra Holdings (Nasdaq: AIMC) from Neutral to Buy. Price target increased from $6 to $13.

Citi upgrades Calpine (NYSE: CPN) from Hold to Buy. Price target increased from $13 to $16.50.

Roth Capital upgrades Shuffle Master (Nasdaq: SHFL) from Hold to Buy. Price target increased from $8 to $11.

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

DOWNGRADES:
JPMorgan downgrades L-3 Communications (NYSE: LLL) from Overweight to Neutral.

Goldman Sachs downgrades AstraZeneca plc (NYSE: AZN) from Neutral to Sell, saying Crestor litigation is likely to weigh on performance.

Deutsche Bank downgrades VimpelCom (NYSE: VIP) from Buy to Hold. Price target $18. Click here for the full report.

Goldman Sachs downgrades AnnTaylor Stores Corp. (NYSE: ANN) from Buy to Neutral, citing a more balanced risk/reward. The firm notes shares have almost doubled since two months ago and risks still remain. The firm has a $17 price target on ANN.

Thomas Weisel downgrades Kinross Gold (NYSE: KGC) from Overweight to Marketweight.

Deutsche Bank downgrades Domtar (NYSE: UFS) from Buy to Hold. Price target raised to $40. Here is the full report.

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

NEW COVERAGE:
Oppenheimer initiates coverage on Fuqi International (Nasdaq: FUQI) with an Outperform rating. Price target $38.

FTN Equity initiates coverage on Genzyme (Nasdaq: GENZ) with a Neutral rating. Price target $64.

Brean Murray initiates coverage on Phillips-Van Heusen (NYSE: PVH) with a Buy. Price target $51. Click here for the full report.

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


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Stocks Mentioned

AIMC 11.90

+0.17 +1.45%
Volume: 172,169
Track AIMC

ANN 14.43

+0.81 +5.95%
Volume: 4,640,243
Track ANN

AZN 45.40

+0.58 +1.29%
Volume: 1,232,583
Track AZN

CPN 11.06

-0.04 -0.36%
Volume: 2,561,611
Track CPN

FUQI 22.14

+1.84 +9.06%
Volume: 1,869,858
Track FUQI

GENZ 50.24

+0.19 +0.38%
Volume: 3,319,836
Track GENZ

KGC 19.59

+0.45 +2.35%
Volume: 8,251,909
Track KGC

LLL 78.32

+0.79 +1.02%
Volume: 762,115
Track LLL

MTH 18.58

+0.38 +2.09%
Volume: 583,602
Track MTH

NSM 13.81

+0.20 +1.47%
Volume: 3,395,317
Track NSM

PVH 42.56

-0.52 -1.21%
Volume: 686,231
Track PVH

SHFL 8.48

-0.07 -0.82%
Volume: 423,633
Track SHFL

UFS 53.08

+1.08 +2.08%
Volume: 847,429
Track UFS

VIP 21.15

+0.49 +2.37%
Volume: 4,160,128
Track VIP

WFC 28.07

+0.20 +0.72%
Volume: 32,740,354
Track WFC


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