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 41.59

+0.59 +1.44%
Volume: 3,448,605
Track BHI

BJS 19.12

+0.24 +1.27%
Volume: 2,694,970
Track BJS

HGSI 27.96

+0.04 +0.14%
Volume: 2,670,918
Track HGSI

JPM 42.16

-0.32 -0.75%
Volume: 26,131,141
Track JPM

LAZ 38.85

-0.46 -1.17%
Volume: 247,655
Track LAZ

NVLS 21.06

+0.10 +0.48%
Volume: 1,030,035
Track NVLS

NYX 25.78

-0.10 -0.39%
Volume: 1,960,196
Track NYX

PBR 53.01

+1.58 +3.07%
Volume: 11,274,981
Track PBR

PCG 42.94

+0.34 +0.80%
Volume: 1,082,874
Track PCG

PRX 24.27

+0.20 +0.83%
Volume: 402,915
Track PRX

SCHW 18.26

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

TRV 52.76

-0.33 -0.62%
Volume: 2,874,842
Track TRV

WMT 54.96

+0.11 +0.20%
Volume: 9,063,494
Track WMT

WY 38.84

+0.51 +1.33%
Volume: 820,786
Track WY


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