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 47.53

-1.84 -3.73%
Volume: 10,119,493
Track BHI

BJS 21.56

-0.80 -3.58%
Volume: 5,686,743
Track BJS

HGSI 30.76

-0.69 -2.19%
Volume: 3,100,567
Track HGSI

JPM 43.45

-0.19 -0.44%
Volume: 37,012,560
Track JPM

LAZ 36.92

-0.16 -0.43%
Volume: 670,968
Track LAZ

NVLS 23.16

-0.38 -1.61%
Volume: 2,097,666
Track NVLS

NYX 29.35

-0.10 -0.34%
Volume: 3,257,817
Track NYX

PBR 45.43

-0.80 -1.73%
Volume: 17,896,598
Track PBR

PCG 43.30

+0.13 +0.30%
Volume: 3,506,672
Track PCG

PRX 25.23

+0.00 +0.00%
Volume: 370,534
Track PRX

SCHW 18.43

+0.00 +0.00%
Volume: 14,262,326
Track SCHW

TRV 53.46

+0.08 +0.15%
Volume: 13,199,040
Track TRV

WMT 55.34

-0.60 -1.07%
Volume: 17,184,075
Track WMT

WY 44.37

-0.45 -1.00%
Volume: 1,698,705
Track WY


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