Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


Related Categories

Special Reports

Stocks Mentioned

AXP 41.66

+0.22 +0.53%
Volume: 1,812,921
Track AXP

BHP 76.85

+2.56 +3.45%
Volume: 900,589
Track BHP

FITB 9.97

-0.04 -0.40%
Volume: 2,171,453
Track FITB

HBC 61.61

+0.29 +0.47%
Volume: 357,772
Track HBC

HRB 20.58

-0.18 -0.87%
Volume: 256,182
Track HRB

INTU 29.68

+0.22 +0.75%
Volume: 242,235
Track INTU

KBH 13.98

+0.25 +1.82%
Volume: 583,871
Track KBH

MSFT 29.83

-0.08 -0.27%
Volume: 6,944,756
Track MSFT

NE 41.33

-0.31 -0.74%
Volume: 490,286
Track NE

PBI 23.66

+0.08 +0.34%
Volume: 178,229
Track PBI

RTP 209.70

-0.17 -0.08%
Volume: 431,286
Track RTP

SLB 64.30

-1.26 -1.92%
Volume: 2,366,032
Track SLB

STI 22.87

+0.03 +0.13%
Volume: 942,732
Track STI

URBN 32.00

+0.37 +1.17%
Volume: 608,989
Track URBN

USB 23.62

-0.11 -0.46%
Volume: 1,364,841
Track USB


Related Entities


Add Your Comment