Notable Analyst Rating Changes 10/06: GS, PTV, KOF, AMX, GLW, GIS Upgraded; DVN, CHK, REP

October 6, 2009 10:54 AM EDT

UPGRADES:
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.

Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.

Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.

Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.

UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.

Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.

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

DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.

Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.

Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.

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

NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target

Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.

Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.

RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.

Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.

Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.

Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.

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


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Stocks Mentioned

AMX 49.04

+1.23 +2.57%
Volume: 4,650,744
Track AMX

ANF 40.81

+1.39 +3.53%
Volume: 4,127,699
Track ANF

AXP 41.72

+0.28 +0.68%
Volume: 7,082,069
Track AXP

CHK 24.86

+1.21 +5.12%
Volume: 20,586,250
Track CHK

DELL 14.36

+0.04 +0.28%
Volume: 16,679,196
Track DELL

DVN 68.80

+1.15 +1.70%
Volume: 4,187,459
Track DVN

GIS 68.72

-0.30 -0.43%
Volume: 1,258,150
Track GIS

GLW 16.86

+0.33 +2.00%
Volume: 9,173,380
Track GLW

GS 168.92

-2.21 -1.29%
Volume: 6,984,775
Track GS

KOF 59.25

+0.58 +0.99%
Volume: 416,729
Track KOF

PTV 24.20

+0.03 +0.12%
Volume: 1,126,120
Track PTV

REP 28.36

+0.38 +1.36%
Volume: 177,119
Track REP

RIMM 59.76

+0.23 +0.39%
Volume: 7,953,507
Track RIMM

SCHW 18.26

+0.11 +0.61%
Volume: 5,021,354
Track SCHW

TIF 43.89

+2.06 +4.92%
Volume: 7,790,697
Track TIF

TWTC 14.79

-0.12 -0.80%
Volume: 299,667
Track TWTC


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