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 5.28

-0.27 -4.86%
Volume: 838,037
Track BEAT

BTU 44.50

+2.29 +5.43%
Volume: 6,685,527
Track BTU

FRPT 5.12

+0.35 +7.34%
Volume: 1,539,911
Track FRPT

IACI 19.61

+0.34 +1.76%
Volume: 2,470,968
Track IACI

MGA 50.53

+0.53 +1.06%
Volume: 1,764,462
Track MGA

MVL 51.18

+0.34 +0.67%
Volume: 577,682
Track MVL

MYGN 22.85

-1.53 -6.28%
Volume: 6,749,444
Track MYGN

NDAQ 18.70

+0.24 +1.30%
Volume: 1,750,964
Track NDAQ

OPEN 27.15

+0.09 +0.33%
Volume: 45,042
Track OPEN

TRW 23.13

+2.54 +12.34%
Volume: 3,843,693
Track TRW

YUM 35.80

+0.57 +1.62%
Volume: 3,665,183
Track YUM


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