Notable Analyst Rating Changes 6/8: BX, WSM, LYG, STZ Upgraded; GOOG, HOV, STO Downgraded

June 8, 2009 9:50 AM EDT

UPGRADES:
Goldman Sachs upgrades The Blackstone Group (NYSE: BX) from Neutral to Buy with a $13 price target.

Piper Jaffray upgrades Williams-Sonoma (NYSE: WSM) from Neutral to Buy with a $15 price target ahead of its presentation at the Piper Jaffray Consumer conference tomorrow. Click here for more color on the upgrade.

Deutsche Bank upgrades Lloyds Banking Group (NYSE: LYG) from Sell to Buy. Price target increased from 35p to 100p. Click herefor the full report.

Stifel Nicolaus upgrades Constellation Brands (NYSE: STZ) from Hold to Buy. Price target $16.

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

DOWNGRADES:
Benchmark downgraded Google (Nasdaq: GOOG) from Buy to Hold, citing indications of softening
online ad trends. HOV) to Underperform. Valuation Range: $0 to $1. Click here for the full report.

UBS downgrades StatoilHydro (NYSE: STO) from Neutral to Sell.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Airgas Inc. (NYSE: ARG) with a Buy. Price target $54. Here is the full report.

Brean Murray initiates coverage on Changyou.com (Nasdaq: CYOU) with a Buy. Price target $47. Here is the full report.

UBS initiates coverage on Sasol Limited (NYSE: SSL) with a Neutral rating.

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


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Stocks Mentioned

ARG 46.49

-0.52 -1.11%
Volume: 711,367
Track ARG

BX 13.54

-0.01 -0.07%
Volume: 3,007,766
Track BX

CYOU 32.04

-0.81 -2.47%
Volume: 100,852
Track CYOU

GOOG 585.74

-1.77 -0.30%
Volume: 1,411,436
Track GOOG

HOV 3.90

-0.13 -3.23%
Volume: 1,606,904
Track HOV

LYG 5.20

+0.13 +2.56%
Volume: 1,374,405
Track LYG

SSL 39.17

-1.55 -3.81%
Volume: 416,547
Track SSL

STO 24.90

-0.54 -2.12%
Volume: 2,557,916
Track STO

STZ 16.53

-0.24 -1.43%
Volume: 2,307,767
Track STZ

WSM 21.12

-0.13 -0.61%
Volume: 2,703,402
Track WSM


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