Notable Analyst Rating Changes 10/15: JPM, PCG, NVLS, PRX Upgrade; BJS, BHI, SCHW, AZ, TRV, LAZ Downgrade

October 15, 2009 10:44 AM EDT

UPGRADES:
Fox-Pitt upgrades JPMorgan Chase (NYSE: JPM) from In-line to Outperform. Price target increased to $55 from $38.

UBS upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

Citi upgrades Novellus (Nasdaq: NVLS) from Hold to Buy. Price target increased from $19.50 to $27.

Barclays is upgrading Per Pharmaceuticals (NYSE: PRX) to Overweight from Equal Weight with a $30 target (prev. $18). Click Here for more color.

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

DOWNGRADES:
Citi downgrades BJ Services (NYSE: BJS) from Hold to Sell. Price target lowered from $16 to $14.

Citi downgrades Baker Hughes (NYSE: BHI) from Hold to Sell. Price target $39.

BofA Merrill Lynch downgrades Charles Schwab (Nasdaq: SCHW) from Buy to Neutral. The firm maintained its $23.50 price target.

Bank of American downgrades Allianz (NYSE: AZ) from Buy to Neutral.

Keefe, Bruyette & Woods downgrades The Travelers Companies (NYSE: TRV) to Market Perform. Price target $51.

Oppenheimer downgrades Lazard Ltd (NYSE: LAZ) from Outperform to Perform. Price target $45.

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

NEW COVERAGE:
Goldman Sachs resumes coverage on Human Genome Sciences, Inc. (Nasdaq: HGSI) with a Buy rating and $24 price target.

Standpoint Research initiates coverage on Wal-Mart (NYSE: WMT) with a Buy. Price target $60.

Bernstein initiates coverage on Petroleo Brasileiro (Petrobras) (NYSE: PBR) with an Outperform rating. Price target $56.

RBC initiates coverage on Weyerhaeuser (NYSE: WY) with a Sector Perform rating. Price target $38.

Susquehanna initiates coverage on NYSE Euronext (NYSE: NYX) with a Neutral rating.

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


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Stocks Mentioned

AZ 12.45

+0.00 +0.00%
Volume: 1,480,532
Track AZ

BHI 40.55

+0.19 +0.47%
Volume: 3,522,234
Track BHI

BJS 18.68

+0.13 +0.70%
Volume: 3,328,423
Track BJS

HGSI 27.66

+0.55 +2.03%
Volume: 3,217,662
Track HGSI

JPM 41.98

+0.65 +1.57%
Volume: 21,267,398
Track JPM

LAZ 38.21

+0.09 +0.24%
Volume: 304,167
Track LAZ

NVLS 20.64

-0.08 -0.39%
Volume: 977,708
Track NVLS

NYX 25.03

-0.21 -0.83%
Volume: 2,587,296
Track NYX

PBR 51.07

-0.26 -0.51%
Volume: 9,005,862
Track PBR

PCG 42.37

+0.23 +0.55%
Volume: 898,936
Track PCG

PRX 23.77

-0.12 -0.50%
Volume: 283,131
Track PRX

SCHW 18.11

+0.37 +2.09%
Volume: 8,223,184
Track SCHW

TRV 52.05

+0.40 +0.77%
Volume: 2,656,008
Track TRV

WMT 54.50

-0.13 -0.24%
Volume: 8,884,135
Track WMT

WY 38.63

+0.94 +2.49%
Volume: 1,720,726
Track WY


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