Notable Analyst Rating Changes for 10/27: VZ, TXN, CAKE, MSFT Upgraded; PALM, SGMS, AMX, HRB Downgraded

October 27, 2009 11:07 AM EDT

UPGRADES:
Wells Fargo upgrades Verizon Communications (NYSE: VZ) from Market Perform to Outperform. Valuation range increased from $29-31 to $34-36. Click Here for more color.

FBR Capital upgrades Texas Instruments (NYSE: TXN) from Market Perform to Outperform. Price target $31. Click Here for more color.

Goldman Sachs upgrades Cheesecake Factory Incorporated (Nasdaq: CAKE) from Neutral to Buy with a $23 price target. For more color Click Here.

Argus upgrades Microsoft (NASDAQ: MSFT) from Sell to Hold.

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

DOWNGRADES:
BMO Capital has downgraded shares of Palm (NASDAQ: PALM) from Market Perform to Underperform this morning, also cutting its price target from $11 to $10. Click Here for more color.

William Blair downgrades Scientific Games (Nasdaq: SGMS) from Outperform to Market Perform.

Raymond James downgrades America Movil (NYSE: AMX) from Outperform to Market Perform.

Fox-Pitt downgrades H&R Block (NYSE: HRB) from Outperform to In-Line.

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

NEW COVERAGE:
Kaufman Bros. initiates coverage on Intel Corp (Nasdaq: INTC) with a Buy. Price target $25. Click Here for more color.

Wells Fargo resumes coverage on The Williams Companies (NYSE: WMB) with an Outperform. Click Here for more color.

Ameriprise Financial initiates coverage on FPL Group (NYSE: FPL) with a Buy rating.

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


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Stocks Mentioned

AMX 49.04

+1.23 +2.57%
Volume: 4,650,744
Track AMX

CAKE 18.87

+0.03 +0.16%
Volume: 778,039
Track CAKE

FPL 52.48

+0.38 +0.73%
Volume: 1,889,159
Track FPL

HRB 20.49

-0.27 -1.30%
Volume: 2,771,976
Track HRB

INTC 19.34

-0.05 -0.26%
Volume: 46,706,850
Track INTC

MSFT 29.79

-0.12 -0.40%
Volume: 32,036,164
Track MSFT

PALM 11.24

+0.14 +1.26%
Volume: 5,036,255
Track PALM

SGMS 14.48

+0.13 +0.91%
Volume: 487,488
Track SGMS

TXN 25.42

+0.14 +0.55%
Volume: 8,281,844
Track TXN

VZ 32.03

+0.16 +0.50%
Volume: 16,419,766
Track VZ

WMB 20.53

+0.24 +1.18%
Volume: 5,063,794
Track WMB


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