Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded

October 28, 2009 11:48 AM EDT

UPGRADES:
Goldman Sachs upgrades Texas Instruments Inc. (NYSE: TXN) from Neutral to Buy

RBC Capital upgrades Motorola (NYSE: MOT) from Sector Perform to Outperform.

Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61.

Oppenheimer upgrades Wynn Resorts (NASDAQ: WYNN) from Market Perform to Outperform. The firm maintains a $73 price target.

Caris & Co upgrades Illumina (NASDAQ: ILMN) from Average to Above Average. Price target increased to $42.

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

DOWNGRADES:
Bank of America downgrades Apollo Group (NASDAQ: APOL) from Buy to Neutral. Price target slashed from $100 to $73. Additionally, Morgan Stanley downgrades Apollo Group from Overweight to Equalweight.

Goldman Sachs downgrades SanDisk (NASDAQ: SNDK) from Buy to Neutral, maintaining a $24 price target.

Roth downgrades NVIDIA (NASDAQ: NVDA) from Buy to Hold, and lowers their price target from $18 to $12.

KeyBanc downgrades U.S. Steel (NYSE: X) from Hold to Buy.

ThinkEquity has downgraded shares of ValueClick (NASDAQ: VCLK) from Buy to Hold. Merriman Curhan Ford also downgraded ValueClick to Neutral. Finally, Needham & Co downgraded ValueClick from Buy to Hold.

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

NEW COVERAGE:
Bank of America restarts coverage on Archer-Daniels-Midland (NYSE: ADM) with a Buy. Price target $36.

Citi initiates coverage on Ciena Corp. (NASDAQ: CIEN) with a Buy rating and a $17.50 price target.

Bank of America restarts coverage on Tyson Foods (NYSE: TSN) with a Buy, and a price target of $15.

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


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Stocks Mentioned

ADM 30.65

-0.75 -2.39%
Volume: 2,703,406
Track ADM

APOL 55.76

+0.13 +0.23%
Volume: 1,033,830
Track APOL

CIEN 12.15

-0.45 -3.57%
Volume: 2,600,862
Track CIEN

ILMN 28.62

-0.08 -0.28%
Volume: 2,540,404
Track ILMN

MOT 8.20

-0.08 -0.97%
Volume: 16,554,951
Track MOT

NVDA 12.79

-0.28 -2.14%
Volume: 6,998,289
Track NVDA

SNDK 19.66

-0.65 -3.20%
Volume: 2,603,648
Track SNDK

TGT 47.70

-0.13 -0.27%
Volume: 4,244,239
Track TGT

TSN 12.29

-0.13 -1.05%
Volume: 2,626,261
Track TSN

TXN 25.25

-0.17 -0.67%
Volume: 7,278,409
Track TXN

VCLK 9.65

-0.33 -3.31%
Volume: 422,028
Track VCLK

WYNN 62.98

-2.39 -3.66%
Volume: 1,687,509
Track WYNN

X 43.05

-0.62 -1.42%
Volume: 6,189,508
Track X


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