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 31.40

+0.14 +0.45%
Volume: 1,333,387
Track ADM

APOL 55.51

-0.30 -0.54%
Volume: 814,013
Track APOL

CIEN 12.58

+0.15 +1.21%
Volume: 2,105,801
Track CIEN

ILMN 28.60

+0.61 +2.18%
Volume: 3,124,356
Track ILMN

MOT 8.30

+0.11 +1.34%
Volume: 9,889,619
Track MOT

NVDA 13.05

+0.13 +1.01%
Volume: 6,116,001
Track NVDA

SNDK 20.34

+0.52 +2.62%
Volume: 2,592,900
Track SNDK

TGT 48.00

+0.54 +1.14%
Volume: 2,188,300
Track TGT

TSN 12.40

+0.03 +0.24%
Volume: 2,541,367
Track TSN

TXN 25.33

+0.05 +0.20%
Volume: 4,227,344
Track TXN

VCLK 10.05

+0.04 +0.40%
Volume: 202,841
Track VCLK

WYNN 65.35

+2.33 +3.70%
Volume: 1,687,692
Track WYNN

X 43.28

+1.24 +2.95%
Volume: 4,155,133
Track X


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