Notable Analyst Rating Changes 11/09: RSH, ANF, NOC, ADBE, HERO Upgraded; RIMM, RHT, GPS, AZN, SGY Downgraded

November 9, 2009 11:14 AM EST

UPGRADES:
Credit Suisse upgraded RadioShack from Neutral to Outperform and raised its price target from $15 to $25. Click Herre for more color.

Goldman Sachs upgrades Abercrombie & Fitch (NYSE: ANF) from Neutral to Buy and added the stock to their Conviction List Buy. The firm raised their 6-month price target from $36 to $45. Click Here for more color. Credit Suisse has also upgraded shares of Abercrombie & Fitch from Neutral to Outperform this morning, also raising its price target on the stock from $30 to $49. For more color from Credit Suisse, Click Here.

Jefferies & Co upgrades Northrop Grumman (NYSE: NOC) from Hold to Buy. Price target increased from $55 to $62.

Goldman Sachs upgrades Adobe Systems Inc. (NASDAQ: ADBE) to Buy and raised their price target to $42. For more color, Click Here..

Credit Suisse upgrades Hercules Offshore (NASDAQ: HERO) from Neutral to Outperform and raises their price target from from $5 to $7.

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

DOWNGRADES:
Susquehanna downgraded Research in Motion Ltd. (NASDAQ: RIMM) from Positive to Neutral, also suspending the firm's $94 price target.

Goldman Sachs downgrades Red Hat, Inc. (NYSE: RHT) from Buy to Neutral, citing valuaion as share approach their $29 price target.

Barclays downgrades Gap, Inc. (NYSE: GPS) from Overweight to Equalweight. Price target $25.

J.P. Morgan downgrades AstraZeneca (NYSE: AZN) from Neutral to Underweight.

Capital One Southcoast downgrades Stone Energy (NYSE: SGY) from Add to Neutral. Price target $20. Click Here for more color.

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

NEW COVERAGE:
Standpoint Research initiates coverage on Ford Motor (NYSE: F) with a Buy rating.

Barclays initiates coverage on Stone Energy (NYSE: SGY) with an Equal Weight rating.

Piper Jaffray & Co. initiates coverage on Veeco Instruments (Nasdaq: VECO) with an Overweight rating. Price target $30. For more color, Click Here.

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


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Stocks Mentioned

ADBE 35.38

-0.79 -2.18%
Volume: 2,049,561
Track ADBE

ANF 39.97

-0.84 -2.06%
Volume: 2,756,055
Track ANF

AZN 45.29

-1.09 -2.35%
Volume: 1,262,510
Track AZN

F 8.73

-0.08 -0.91%
Volume: 42,170,535
Track F

GPS 22.03

-0.39 -1.74%
Volume: 3,860,318
Track GPS

HERO 5.10

-0.23 -4.32%
Volume: 1,673,414
Track HERO

NOC 55.00

-0.90 -1.61%
Volume: 848,398
Track NOC

RHT 26.80

-0.82 -2.97%
Volume: 757,763
Track RHT

RIMM 58.14

-1.62 -2.71%
Volume: 7,263,994
Track RIMM

SGY 18.27

-0.93 -4.84%
Volume: 493,346
Track SGY

VECO 27.31

-0.39 -1.41%
Volume: 305,929
Track VECO


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