Notable Analyst Rating Changes 11/5: PALM, VALE, TRW, ONNN, MDT, SPWRA Upgraded; CMCSA, ARO, DPTR, GRMN TEX Downgraded

November 5, 2009 11:25 AM EST

UPGRADES:
Barclays Capital has upgraded shares of Palm (NASDAQ: PALM) from the dreaded Underweight to Equalweight this morning, also reducing his price target from $12 to $11.

Deutsche Bank upgrades Vale SA (NASDAQ: VALE) from Hold to Buy. Price target increased to $30. Click Here for more color.

KeyBanc upgrades TRW Automotive Holdings (NYSE: TRW) from Hold to Buy. Price target $29. Click Here for more color. Deutsche Bank also upgraded TRW Automotive from Hold to Buy. Price target increased by $2 to $23. For mor from Deutsche, Click Here.

Piper Jaffray upgrades ON Semiconductor (NASDAQ: ONNN) from Neutral to Overweight. Price target $9. Click Here for more color.

Credit Suisse upgrades Medtronic, Inc. (NYSE: MDT) from Neutral to Outperform.

Deutsche Bank upgrades SunPower (NASDAQ: SPWRA) to Buy, price target increased from $28 to $31. Click Here for more color.

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

DOWNGRADES:
Collins Stewart downgrades Comcast (NASDAQ: CMCSA) from Buy to Hold. Click Here for more color.

KeyBanc downgrades Aeropostale, Inc. (NYSE: ARO) to Hold. Click Here for more color.

Wells Fargo downgrades Delta Petroleum (NASDAQ: DPTR) to Underperform from Market Perform. Valuation range lowered from $1-2 to $0-1. For more color, Click Here.

RBC downgrades Garmin (NASDAQ: GRMN) from Sector Perform to Underperform.

Morgan Stanley downgrades Terex Corp. (NYSE: TEX) from Equalweight to Underweight. Price target increased from $12 to $18.

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

NEW COVERAGE:
Merriman Curhan Ford initiates coverage on Novavax (NASDAQ: NVAX) with a Buy rating and $6-$8 price target range. Click Here for more color.

Oppenheimer initiates coverage on Shanda Games (NASDAQ: GAME) with an Outperform.

Baird initiates coverage on Eaton Corp (NYSE: ETN) with a Neutral rating. Price target $70.

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


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Stocks Mentioned

ARO 30.56

-0.22 -0.71%
Volume: 3,958,677
Track ARO

CMCSA 15.12

+0.03 +0.20%
Volume: 26,616,267
Track CMCSA

DPTR 0.92

+0.00 +0.00%
Volume: 2,539,858
Track DPTR

ETN 63.95

-0.57 -0.88%
Volume: 1,864,225
Track ETN

GAME 10.36

-0.14 -1.33%
Volume: 517,773
Track GAME

GRMN 31.62

-0.12 -0.38%
Volume: 1,575,665
Track GRMN

MDT 43.25

+2.94 +7.29%
Volume: 23,245,843
Track MDT

NVAX 3.20

+0.03 +0.95%
Volume: 1,735,974
Track NVAX

ONNN 7.87

+0.03 +0.38%
Volume: 8,514,706
Track ONNN

PALM 11.10

-0.37 -3.23%
Volume: 8,466,281
Track PALM

SPWRA 20.90

-0.16 -0.76%
Volume: 1,761,847
Track SPWRA

TEX 19.52

-0.21 -1.06%
Volume: 2,694,595
Track TEX

TRW 22.47

-0.26 -1.14%
Volume: 1,392,337
Track TRW

VALE 28.83

+0.19 +0.66%
Volume: 15,918,921
Track VALE


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