Notable Analyst Rating Changes 10/15: JPM, PCG, NVLS, PRX Upgrade; BJS, BHI, SCHW, AZ, TRV, LAZ Downgrade

October 15, 2009 10:44 AM EDT

UPGRADES:
Fox-Pitt upgrades JPMorgan Chase (NYSE: JPM) from In-line to Outperform. Price target increased to $55 from $38.

UBS upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

Citi upgrades Novellus (Nasdaq: NVLS) from Hold to Buy. Price target increased from $19.50 to $27.

Barclays is upgrading Per Pharmaceuticals (NYSE: PRX) to Overweight from Equal Weight with a $30 target (prev. $18). Click Here for more color.

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

DOWNGRADES:
Citi downgrades BJ Services (NYSE: BJS) from Hold to Sell. Price target lowered from $16 to $14.

Citi downgrades Baker Hughes (NYSE: BHI) from Hold to Sell. Price target $39.

BofA Merrill Lynch downgrades Charles Schwab (Nasdaq: SCHW) from Buy to Neutral. The firm maintained its $23.50 price target.

Bank of American downgrades Allianz (NYSE: AZ) from Buy to Neutral.

Keefe, Bruyette & Woods downgrades The Travelers Companies (NYSE: TRV) to Market Perform. Price target $51.

Oppenheimer downgrades Lazard Ltd (NYSE: LAZ) from Outperform to Perform. Price target $45.

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

NEW COVERAGE:
Goldman Sachs resumes coverage on Human Genome Sciences, Inc. (Nasdaq: HGSI) with a Buy rating and $24 price target.

Standpoint Research initiates coverage on Wal-Mart (NYSE: WMT) with a Buy. Price target $60.

Bernstein initiates coverage on Petroleo Brasileiro (Petrobras) (NYSE: PBR) with an Outperform rating. Price target $56.

RBC initiates coverage on Weyerhaeuser (NYSE: WY) with a Sector Perform rating. Price target $38.

Susquehanna initiates coverage on NYSE Euronext (NYSE: NYX) with a Neutral rating.

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


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Stocks Mentioned

AZ 12.45

+0.00 +0.00%
Volume: 1,480,532
Track AZ

BHI 41.19

+0.45 +1.10%
Volume: 2,632,943
Track BHI

BJS 18.97

+0.19 +1.01%
Volume: 2,848,067
Track BJS

HGSI 27.09

-0.73 -2.62%
Volume: 2,738,254
Track HGSI

JPM 41.74

-0.75 -1.77%
Volume: 19,913,887
Track JPM

LAZ 38.32

-0.44 -1.14%
Volume: 218,099
Track LAZ

NVLS 21.26

+0.57 +2.75%
Volume: 483,698
Track NVLS

NYX 25.24

-0.04 -0.16%
Volume: 1,099,603
Track NYX

PBR 53.09

+1.81 +3.53%
Volume: 5,502,179
Track PBR

PCG 42.87

+0.53 +1.25%
Volume: 723,114
Track PCG

PRX 24.54

+0.82 +3.46%
Volume: 193,866
Track PRX

SCHW 18.08

-0.25 -1.36%
Volume: 5,684,302
Track SCHW

TRV 52.68

+0.29 +0.55%
Volume: 1,534,564
Track TRV

WMT 54.73

+0.18 +0.33%
Volume: 5,879,343
Track WMT

WY 39.91

+0.97 +2.49%
Volume: 917,942
Track WY


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