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 48.68

+0.87 +1.82%
Volume: 3,109,061
Track AMX

CAKE 18.81

-0.03 -0.16%
Volume: 318,751
Track CAKE

FPL 52.45

+0.35 +0.67%
Volume: 1,068,843
Track FPL

HRB 20.52

-0.24 -1.16%
Volume: 1,186,317
Track HRB

INTC 19.35

-0.04 -0.21%
Volume: 26,938,404
Track INTC

MSFT 29.72

-0.19 -0.64%
Volume: 18,443,853
Track MSFT

PALM 11.21

+0.11 +0.99%
Volume: 3,275,363
Track PALM

SGMS 14.47

+0.12 +0.84%
Volume: 197,236
Track SGMS

TXN 25.31

+0.03 +0.12%
Volume: 4,424,582
Track TXN

VZ 32.05

+0.18 +0.56%
Volume: 8,967,746
Track VZ

WMB 20.39

+0.10 +0.49%
Volume: 2,691,756
Track WMB


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