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 31.26

-0.59 -1.85%
Volume: 4,078,203
Track ADM

APOL 55.81

+0.24 +0.43%
Volume: 1,955,341
Track APOL

CIEN 12.43

+0.43 +3.58%
Volume: 12,423,830
Track CIEN

ILMN 27.99

+1.49 +5.62%
Volume: 6,685,112
Track ILMN

MOT 8.19

-0.11 -1.33%
Volume: 22,375,809
Track MOT

NVDA 12.92

-0.08 -0.62%
Volume: 10,466,498
Track NVDA

SNDK 19.82

-0.52 -2.56%
Volume: 5,510,722
Track SNDK

TGT 47.46

+0.20 +0.42%
Volume: 5,862,909
Track TGT

TSN 12.37

-0.51 -3.96%
Volume: 6,359,215
Track TSN

TXN 25.28

+0.14 +0.56%
Volume: 11,291,598
Track TXN

VCLK 10.01

-0.16 -1.57%
Volume: 631,947
Track VCLK

WYNN 63.02

-0.76 -1.19%
Volume: 1,726,456
Track WYNN

X 42.04

-0.18 -0.43%
Volume: 7,044,479
Track X


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