Notable Analyst Rating Changes 10/7: BAC, KO, DIS, TWC Upgrade; STJ, TSM, ACV, LYG, RBN Downgrade

October 7, 2009 11:16 AM EDT

UPGRADES:
Wells Fargo upgrades Bank of America (NYSE: BAC) from Market Perform to Outperform, also raising its valuation range from $14-$16 to $24-$27. Clickhere for more color.

Deutsche Bank upgrades Coca-Cola Company (NYSE: KO) from Hold to Buy witha $62 price target. Clickhere for more color.

Bank of America Merrill Lynch upgrades Disney (NYSE: DIS) from Underperform to Neutral, also raising its price target on the stock from $22 to $30.

Wells Fargo upgraded Time Warner Cable to Outperform and raised its valuation range from $30-$33 to $50-$54. Clickhere for more color.

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

DOWNGRADES:
Canaccord Adams downgrades St. Jude Medical Inc. (NYSE: STJ) from Buy to Hold and lowered thier price target from $48 to $37. Click here for more color.

UBS downgrades Taiwan Semiconductor (NYSE: TSM) from Buy to Neutral.

Caris & Co downgrades Alberto-Culver (NYSE: ACV) from Buy to Above Average. Price target lowered by $1 to $27.

Fox-Pitt downgrades Lloyds Banking Group (NYSE: LYG) from In-Line to Underperform.

BB&T Capital downgrades Robbins & Myers (NYSE: RBN) from Buy to Hold.

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

NEW COVERAGE:
Goldman Sachs resumed coverage on Pulte Homes (NYSE: PHM) with a Neutral rating and a 6-month price target of $12.

Jesup & Lamont initiates coverage on Research in Motion (Nasdaq: RIMM) with a Buy rating.

Wells Fargo resumes coverage on Group 1 Automotive, Inc. (NYSE: GPI) with an Outperform rating. Valuation range of $31 to $34.

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


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Stocks Mentioned

ACV 28.01

-0.01 -0.04%
Volume: 472,308
Track ACV

BAC 16.09

+0.01 +0.06%
Volume: 128,292,589
Track BAC

DIS 30.01

-0.20 -0.66%
Volume: 9,205,790
Track DIS

GPI 26.48

-0.56 -2.07%
Volume: 326,562
Track GPI

KO 57.48

+0.60 +1.05%
Volume: 10,349,336
Track KO

LYG 5.81

-0.18 -3.01%
Volume: 1,064,720
Track LYG

PHM 9.46

-0.36 -3.67%
Volume: 9,137,837
Track PHM

RBN 24.28

-0.29 -1.18%
Volume: 116,293
Track RBN

RIMM 59.72

+0.88 +1.50%
Volume: 17,546,424
Track RIMM

STJ 34.32

-0.18 -0.52%
Volume: 3,613,771
Track STJ

TSM 10.39

-0.03 -0.29%
Volume: 9,168,509
Track TSM


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