Notable Analyst Rating Changes 7/23: AKS, BHI, STI Upgraded; USB, TGT, USB, CAT Downgraded

July 23, 2008 10:17 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
J.P. Morgan upgrades AK Steel (NYSE: AKS) from Neutral to Overweight.

UBS, RBC, and Raymond James upgrade Baker Hughes (NYSE: BHI) to Buy, Sector Perform and Strong Buy, respectively.

Morgan Keegan upgrades SunTrust Banks (NYSE: STI) from Market Perform to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades US Bancorp (NYSE: USB) from Buy to Neutral.

Credit Suisse downgrades Target Corp. (NYSE: TGT) from Outperform to Neutral.

BMO Capital downgrades XTO Energy (NYSE: XTO) from Outperform to Market Perform.

JP Morgan downgrades Caterpillar Inc. (NYSE: CAT) from Overweight to Neutral.

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

NEW COVERAGE:
BMO Capital initiates coverage on Intrepid Potash (NYSE: IPI) with an Outperform. Price target $80.

Piper Jaffray assumes coverage of ANADIGICS (NASDAQ: ANAD) with a Neutral rating. Piper lowers the price target from $10 to $8.

Feltl & Co. initiates coverage on Denny's (Nasdaq: DENN) with a Buy. Price target $3.50.

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


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Stocks Mentioned

AKS 40.63

+0.15 +0.37%
Volume: 10,961,446
Track AKS

ANAD 3.24

+0.07 +2.21%
Volume: 1,398,921
Track ANAD

BHI 72.49

-0.52 -0.71%
Volume: 5,112,553
Track BHI

CAT 64.07

+0.13 +0.20%
Volume: 9,263,858
Track CAT

DENN 2.75

+0.01 +0.36%
Volume: 181,393
Track DENN

IPI 38.79

+1.98 +5.38%
Volume: 3,378,726
Track IPI

STI 45.42

+1.86 +4.27%
Volume: 7,498,304
Track STI

TGT 55.03

+1.20 +2.23%
Volume: 15,557,268
Track TGT

USB 32.74

+1.09 +3.44%
Volume: 22,494,786
Track USB

XTO 48.60

+1.08 +2.27%
Volume: 13,733,705
Track XTO


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