Notable Analyst Rating Changes 10/22: FFIV, FCX, LMT, MOT, NVLS Upgraded; CHK, SAP, STJ, NTRS, FIS downgraded

October 22, 2009 10:50 AM EDT

UPGRADES:
UBS upgrades F5 Networks (Nasdaq: FFIV) from Sell to Neutral. Price target increased to $47 from $29.

Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) to Buy. Price target increased from $72 to $100. Click Here for more color.

Buckingham Research upgrades shares of Lockheed Martin (NYSE: LMT) from Accumulate to Strong Buy.

Thomas Weisel upgrades Motorola (NYSE: MOT) from Marketweight to Overweight. Price target increased from $7 to $11.

Deutsche Bank upgrades Novellus Systems (Nasdaq: NVLS) to Hold. Price target increased from $13 to $18. For more color, Click Here.

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

DOWNGRADES:
Chesapeake Energy (NYSE: CHK) gets downgraded by UBS. The firm lowered its rating on Chesapeake from Buy to Neutral.

Bank of America downgrades SAP AG (NYSE: SAP) from Buy to Neutral.

FTN Equity downgrades St. Jude Medical (NYSE: STJ) from Buy to Neutral.

FTN Equity downgrades Northern Trust (Nasdaq: NTRS) from Buy to Neutral. Price target lowered from $65 to $55.

Duncan-Williams downgrades Fidelity National Information Services (NYSE: FIS) from Strong Buy to Buy. Price Target $28. Click Here for more color.

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

NEW COVERAGE:
Pali Research initiates coverage on Tenet Healthcare (NYSE: THC) with a Buy. Price target $8.25. For more color, Click Here.

Jesup & Lamont initiates coverage on Limited Brands (NYSE: LTD) with a Hold.

Pali Research initiates coverage on Health Management Associates (NYSE: HMA) with a Neutral. Click Here for more color.

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


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Stocks Mentioned

CHK 24.17

-0.69 -2.78%
Volume: 10,631,097
Track CHK

FCX 84.14

-3.18 -3.64%
Volume: 10,549,475
Track FCX

FFIV 47.73

-0.73 -1.51%
Volume: 448,135
Track FFIV

FIS 22.53

-0.45 -1.96%
Volume: 1,483,350
Track FIS

HMA 6.30

+0.02 +0.32%
Volume: 1,777,955
Track HMA

LMT 77.10

-1.50 -1.91%
Volume: 1,284,897
Track LMT

LTD 16.92

-0.58 -3.31%
Volume: 2,129,753
Track LTD

MOT 8.20

-0.08 -0.97%
Volume: 16,554,951
Track MOT

NTRS 47.69

-0.52 -1.08%
Volume: 1,512,452
Track NTRS

NVLS 20.72

-0.34 -1.61%
Volume: 615,662
Track NVLS

SAP 47.76

-0.93 -1.91%
Volume: 1,300,465
Track SAP

STJ 36.41

-0.38 -1.03%
Volume: 1,546,174
Track STJ

THC 4.95

-0.14 -2.75%
Volume: 3,589,200
Track THC


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