Notable Analyst Rating Changes 7/1: YUM, TRW, MGA, MVL Upgraded; FRPT, NDAQ, BEAT, MYGN Downgraded

July 1, 2009 9:39 AM EDT

UPGRADES:
Goldman Sachs upgrades Yum! Brands (NYSE: YUM) from Neutral to Buy and raises their price target from $36 to $40.

Bank of America upgrades TRW Automotive (NYSE: TRW) from Underperform to Neutral. Price target increased to $11.50.

Bank of America upgrades Magna (NYSE: MGA) from Underperform to Buy. The firm also upgraded a host of other auto suppliers.

J.P. Morgan upgrades Marvel (NYSE: MVL) from Neutral to Overweight.

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

DOWNGRADES:
Collins Stewart downgrades Force Protection (Nasdaq: FRPT) to Hold. Click here for more color on the downgrade.

Deutsche Bank downgrades NASDAQ OMX (Nasdaq: NDAQ) from Buy to Hold. Price target $23. Click here for the full report.

Citi and Roth Capital downgrade CardioNet (Nasdaq: BEAT) to Hold.

Oppenheimer downgrades Myriad Genetics (Nasdaq: MYGN) from Outperform to Perform.

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

NEW COVERAGE:
Oppenheimer initiates coverage on IAC/InterActiveCorp (Nasdaq: IACI) with an Outperform rating and $19 price target.

Bank of America resumes coverage on Peabody Energy (NYSE: BTU) with a Buy. Price target $38.

ThinkEquity initiates coverage on OpenTable (Nasdaq: OPEN) with a Buy. Price target $35.

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


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Stocks Mentioned

BEAT 4.46

-0.22 -4.70%
Volume: 845,834
Track BEAT

BTU 44.84

-0.12 -0.27%
Volume: 2,912,105
Track BTU

FRPT 5.36

+0.12 +2.29%
Volume: 556,631
Track FRPT

IACI 19.07

-0.15 -0.78%
Volume: 907,077
Track IACI

MGA 48.47

-0.71 -1.44%
Volume: 189,500
Track MGA

MVL 52.46

-0.06 -0.11%
Volume: 2,211,384
Track MVL

MYGN 24.44

-0.07 -0.29%
Volume: 723,038
Track MYGN

NDAQ 19.72

+0.12 +0.61%
Volume: 2,365,521
Track NDAQ

OPEN 27.12

+0.12 +0.44%
Volume: 35,219
Track OPEN

TRW 23.33

+0.23 +1.00%
Volume: 801,807
Track TRW

YUM 35.45

+0.13 +0.37%
Volume: 4,693,267
Track YUM


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