Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 40.93

-0.21 -0.51%
Volume: 10,664,619
Track AXP

BHP 73.36

-0.80 -1.08%
Volume: 2,686,862
Track BHP

FITB 9.97

-0.08 -0.80%
Volume: 18,004,802
Track FITB

HBC 60.91

-0.58 -0.94%
Volume: 1,913,711
Track HBC

HRB 20.38

-0.02 -0.10%
Volume: 2,054,965
Track HRB

INTU 29.66

-0.61 -2.02%
Volume: 4,515,614
Track INTU

KBH 14.12

-0.50 -3.42%
Volume: 4,368,972
Track KBH

MSFT 29.62

-0.16 -0.54%
Volume: 42,647,918
Track MSFT

NE 40.02

-1.68 -4.03%
Volume: 16,215,046
Track NE

PBI 23.64

-0.35 -1.46%
Volume: 1,888,356
Track PBI

RTP 211.90

-1.95 -0.91%
Volume: 866,393
Track RTP

SLB 63.34

-1.20 -1.86%
Volume: 8,522,450
Track SLB

STI 22.04

+0.18 +0.82%
Volume: 7,218,311
Track STI

URBN 32.18

-0.08 -0.25%
Volume: 2,358,048
Track URBN

USB 23.29

+0.16 +0.69%
Volume: 11,220,998
Track USB


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