Notable Analyst Rating Changes 7/1: YUM, TRW, MGA, MVL Upgraded; FRPT, NDAQ, BEAT, MYGN Downgraded

July 1, 2009 9:39 AM EDT

UPGRADES:
Goldman Sachs upgrades Yum! Brands (NYSE: YUM) from Neutral to Buy and raises their price target from $36 to $40.

Bank of America upgrades TRW Automotive (NYSE: TRW) from Underperform to Neutral. Price target increased to $11.50.

Bank of America upgrades Magna (NYSE: MGA) from Underperform to Buy. The firm also upgraded a host of other auto suppliers.

J.P. Morgan upgrades Marvel (NYSE: MVL) from Neutral to Overweight.

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

DOWNGRADES:
Collins Stewart downgrades Force Protection (Nasdaq: FRPT) to Hold. Click here for more color on the downgrade.

Deutsche Bank downgrades NASDAQ OMX (Nasdaq: NDAQ) from Buy to Hold. Price target $23. Click here for the full report.

Citi and Roth Capital downgrade CardioNet (Nasdaq: BEAT) to Hold.

Oppenheimer downgrades Myriad Genetics (Nasdaq: MYGN) from Outperform to Perform.

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

NEW COVERAGE:
Oppenheimer initiates coverage on IAC/InterActiveCorp (Nasdaq: IACI) with an Outperform rating and $19 price target.

Bank of America resumes coverage on Peabody Energy (NYSE: BTU) with a Buy. Price target $38.

ThinkEquity initiates coverage on OpenTable (Nasdaq: OPEN) with a Buy. Price target $35.

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


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Stocks Mentioned

BEAT 4.66

-0.14 -2.92%
Volume: 343,200
Track BEAT

BTU 44.82

-0.34 -0.75%
Volume: 2,733,588
Track BTU

FRPT 5.24

+0.05 +0.96%
Volume: 394,529
Track FRPT

IACI 19.16

-0.26 -1.34%
Volume: 1,110,169
Track IACI

MGA 48.82

-0.41 -0.83%
Volume: 290,957
Track MGA

MVL 52.49

+0.19 +0.36%
Volume: 1,535,652
Track MVL

MYGN 24.40

+0.35 +1.46%
Volume: 1,185,702
Track MYGN

NDAQ 19.50

+0.33 +1.72%
Volume: 2,366,451
Track NDAQ

OPEN 26.93

+0.16 +0.60%
Volume: 125,400
Track OPEN

TRW 23.29

+0.00 +0.00%
Volume: 896,077
Track TRW

YUM 35.34

+0.05 +0.14%
Volume: 1,998,105
Track YUM


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