Notable Analyst Rating Changes 10/22: FFIV, FCX, LMT, MOT, NVLS Upgraded; CHK, SAP, STJ, NTRS, FIS downgraded

October 22, 2009 10:50 AM EDT

UPGRADES:
UBS upgrades F5 Networks (Nasdaq: FFIV) from Sell to Neutral. Price target increased to $47 from $29.

Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) to Buy. Price target increased from $72 to $100. Click Here for more color.

Buckingham Research upgrades shares of Lockheed Martin (NYSE: LMT) from Accumulate to Strong Buy.

Thomas Weisel upgrades Motorola (NYSE: MOT) from Marketweight to Overweight. Price target increased from $7 to $11.

Deutsche Bank upgrades Novellus Systems (Nasdaq: NVLS) to Hold. Price target increased from $13 to $18. For more color, Click Here.

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

DOWNGRADES:
Chesapeake Energy (NYSE: CHK) gets downgraded by UBS. The firm lowered its rating on Chesapeake from Buy to Neutral.

Bank of America downgrades SAP AG (NYSE: SAP) from Buy to Neutral.

FTN Equity downgrades St. Jude Medical (NYSE: STJ) from Buy to Neutral.

FTN Equity downgrades Northern Trust (Nasdaq: NTRS) from Buy to Neutral. Price target lowered from $65 to $55.

Duncan-Williams downgrades Fidelity National Information Services (NYSE: FIS) from Strong Buy to Buy. Price Target $28. Click Here for more color.

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

NEW COVERAGE:
Pali Research initiates coverage on Tenet Healthcare (NYSE: THC) with a Buy. Price target $8.25. For more color, Click Here.

Jesup & Lamont initiates coverage on Limited Brands (NYSE: LTD) with a Hold.

Pali Research initiates coverage on Health Management Associates (NYSE: HMA) with a Neutral. Click Here for more color.

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


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Stocks Mentioned

CHK 23.20

+0.17 +0.74%
Volume: 13,407,094
Track CHK

FCX 85.33

+0.76 +0.90%
Volume: 11,688,209
Track FCX

FFIV 48.27

+1.36 +2.90%
Volume: 864,127
Track FFIV

FIS 22.97

+0.24 +1.06%
Volume: 2,740,785
Track FIS

HMA 6.30

-0.01 -0.16%
Volume: 2,069,306
Track HMA

LMT 77.28

+1.18 +1.55%
Volume: 2,249,075
Track LMT

LTD 17.23

-0.02 -0.12%
Volume: 3,470,956
Track LTD

MOT 8.30

+0.02 +0.24%
Volume: 30,457,906
Track MOT

NTRS 48.16

+0.92 +1.95%
Volume: 1,928,160
Track NTRS

NVLS 21.22

+0.26 +1.24%
Volume: 1,961,192
Track NVLS

SAP 48.39

+0.65 +1.36%
Volume: 1,942,109
Track SAP

STJ 35.01

+0.69 +2.01%
Volume: 3,641,713
Track STJ

THC 5.19

-0.08 -1.52%
Volume: 4,757,188
Track THC


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