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 31.37

+0.11 +0.35%
Volume: 1,277,943
Track ADM

APOL 55.45

-0.36 -0.65%
Volume: 723,622
Track APOL

CIEN 12.57

+0.14 +1.13%
Volume: 2,071,551
Track CIEN

ILMN 28.69

+0.70 +2.50%
Volume: 3,044,698
Track ILMN

MOT 8.31

+0.12 +1.47%
Volume: 9,479,123
Track MOT

NVDA 13.05

+0.13 +1.01%
Volume: 6,066,676
Track NVDA

SNDK 20.34

+0.52 +2.62%
Volume: 2,516,153
Track SNDK

TGT 47.97

+0.51 +1.07%
Volume: 2,126,030
Track TGT

TSN 12.41

+0.04 +0.32%
Volume: 2,339,151
Track TSN

TXN 25.30

+0.02 +0.08%
Volume: 3,907,005
Track TXN

VCLK 10.01

+0.00 +0.00%
Volume: 194,921
Track VCLK

WYNN 65.20

+2.18 +3.46%
Volume: 1,569,241
Track WYNN

X 43.06

+1.02 +2.43%
Volume: 3,942,966
Track X


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