Notable Analyst Rating Changes 10/13: PKX, DRYS, YHOO, AMD, PHG Upgrade; GS, VPRT, SVU, GAP, SWY, DRIV Downgrade

October 13, 2009 10:46 AM EDT

UPGRADES:
Goldman Sachs upgraded POSCO (NYSE: PKX) to Buy and added the stock to their Conviction Buy List with a $150 price target.

Lazard Capital Markets upgrades shares of DryShips (Nasdaq: DRYS) from Hold to Buy.

Benchmark upgrades Yahoo! (Nasdaq: YHOO) from Hold to Buy. Price target raised from $16 to $20. For more color Click Here

JMP Securities upgrades Advanced Micro Devices (NYSE: AMD) from Underperform to Market Perform.

RBS upgrades Philips Electronics (NYSE: PHG) from Hold to Buy. BNP Paribas upgrades Philips Electronics from Underperform to Neutral.

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

DOWNGRADES:
Meredith Whitney Advisory downgrades Goldman Sachs (NYSE: GS) from Buy to Neutral, with a $186 price target.

Goldman Sachs downgrades VistaPrint (Nasdaq: VPRT) from Buy to Neutral and lowers their price target from $52 to $47.

Pali Research downgrades SUPERVALU (NYSE: SVU) & Great Atlantic & Pacific Tea Co (NYSE: GAP) from Neutral to SELL and lowering estimates ahead of the upcoming earnings reports. Pali also lowered estimates on SELL rated Safeway (NYSE: SWY). For more color Click Here

RBC downgrades Digital River (Nasdaq: DRIV) from Outperform to Sector Perform. Price target halved to $22. First Analysis also downgrades Digital River from Overweight to Equalweight.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Citigroup (NYSE: C) with a Buy rating and $5.50 price target. For more color, Click Here

UBS initiates coverage on Coach (NYSE: COH) with a Neutral rating. Price target $37.

Auriga initiates coverage on F5 Networks (Nasdaq: FFIV) with a Buy. Price target $48.

J.P. Morgan initiates coverage on J.M. Smucker (NYSE: SJM) with a Neutral rating.

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


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Stocks Mentioned

AMD 6.85

-0.26 -3.66%
Volume: 16,185,078
Track AMD

C 4.06

-0.11 -2.64%
Volume: 258,065,708
Track C

COH 35.29

-0.50 -1.40%
Volume: 2,158,746
Track COH

DRIV 25.74

-0.48 -1.83%
Volume: 410,959
Track DRIV

DRYS 6.19

-0.16 -2.52%
Volume: 12,238,634
Track DRYS

FFIV 47.73

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

GAP 11.43

-0.37 -3.14%
Volume: 282,688
Track GAP

GS 164.16

-4.76 -2.82%
Volume: 6,883,185
Track GS

PHG 27.50

-0.96 -3.37%
Volume: 365,163
Track PHG

PKX 119.83

-4.86 -3.90%
Volume: 312,816
Track PKX

SJM 58.49

-0.27 -0.46%
Volume: 492,859
Track SJM

SVU 14.42

-0.46 -3.09%
Volume: 2,749,322
Track SVU

SWY 22.44

-0.25 -1.10%
Volume: 1,597,418
Track SWY

VPRT 53.10

+0.19 +0.36%
Volume: 322,274
Track VPRT

YHOO 15.00

-0.30 -1.96%
Volume: 11,452,844
Track YHOO


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