Notable Analyst Rating Changes 5/11: LNC, HOT, DVN, MS, LPX, DOW Upgraded; VLO, CLX, COST, HD, IPI Downgraded

May 11, 2009 10:19 AM EDT

UPGRADES:
Goldman Sachs upgraded Lincoln National Corp. (NYSE: LNC) from Sell to Buy and added the stock to their Buy List.

J.P. Morgan upgrades Starwood Hotels (NYSE: HOT) from Neutral to Overweight.

Goldman Sachs upgraded Devon Energy Corporation (NYSE: DVN) from Neutral to Buy and added the stock to their Buy List.

Pali Research upgrades Morgan Stanley (NYSE: MS) from Neutral to Buy with a $33 price target. Click here for the full report.

Goldman Sachs upgrades Louisiana-Pacific Corp. (NYSE: LPX) from Sell to Buy and lifts its price target from $1 to $6.

Credit Suisse upgrades Dow Chemical (NYSE: DOW) from Neutral to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades Valero Energy Corp. (NYSE: VLO) from Neutral to Sell.

Bernstein downgrades Clorox (NYSE: CLX) from Market Perform to Underperform.

Goldman Sachs downgrades Costco Wholesale Corp. (Nasdaq: COST) from Buy to Neutral with a $50 price target.

Bernstein downgrades Home Depot (NYSE: HD) from Outperform to Market Perform.

Soleil Securities downgrades Intrepid Potash (NYSE: IPI) from Hold to Sell. Price target increased from $18 to $20. Click here for more color on the downgrade.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Badger Meter (NYSE: BMI) with a Buy. Price target $46. Click here for full color.

Collins Stewart initiates coverage on Macrovision (Nasdaq: MVSN) with a Buy. Price target $32. Here is the full report.

Susquehanna initiates coverage on Apple (Nasdaq: AAPL) with a Positive rating and $155 price target, saying iPhone momentum is building. Click here for full color on the coverage.

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


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Stocks Mentioned

AAPL 204.19

-0.25 -0.12%
Volume: 10,237,473
Track AAPL

BMI 36.33

-0.91 -2.44%
Volume: 150,030
Track BMI

CLX 60.46

+0.07 +0.12%
Volume: 568,767
Track CLX

COST 60.89

+0.38 +0.63%
Volume: 2,469,780
Track COST

DOW 28.52

+0.54 +1.93%
Volume: 6,398,501
Track DOW

DVN 68.80

+1.15 +1.70%
Volume: 4,187,459
Track DVN

HD 27.85

+0.29 +1.05%
Volume: 11,452,621
Track HD

HOT 32.36

+0.72 +2.28%
Volume: 1,602,742
Track HOT

IPI 31.62

+0.87 +2.83%
Volume: 1,165,505
Track IPI

LNC 23.82

-0.09 -0.38%
Volume: 2,216,203
Track LNC

LPX 6.33

+0.04 +0.64%
Volume: 1,346,461
Track LPX

MS 31.42

-0.70 -2.18%
Volume: 15,018,327
Track MS

MVSN 23.68

+0.00 +0.00%
Volume: 2,379,878
Track MVSN

VLO 16.35

+0.34 +2.12%
Volume: 9,007,945
Track VLO


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