Notable Analyst Rating Changes 9/18: HOC, PTR, CLR, NOV Upgraded; TGT, NT, KSS, CLI Downgraded

September 18, 2008 9:49 AM EDT

UPGRADES:
Goldman Sachs upgrades Holly Corp. (NYSE: HOC) from Neutral to Buy and adds the stock to their Conviction Buy List and raises their price target to $45.

Credit Suisse upgrades PetroChina (NYSE: PTR) from Neutral to Outperform.

Merrill Lynch upgrades Continental Resources (NYSE: CLR) from Neutral to Buy.

Stanford Group upgrades National Oilwell Varco (NYSE: NOV) from Hold to Buy.

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

DOWNGRADES:
Morgan Stanley downgrades Target (NYSE: TGT) from Overweight to Equal-Weight.

J.P. Morgan Downgrades Nortel Networks (NYSE: NT) from Overweight to Underweight.

Citi downgrades Kohl's (NYSE: KSS) from Buy to Hold, citing current valuation. Citi also removes KSS from the Recommended List. Price target $52.

Stifel Nicolaus downgrades Mack-Cali Realty (NYSE: CLI) from Hold to Sell.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Incyte Corporation (Nasdaq: INCY) with a Buy rating.

Friedman Billings Ramsey initiates coverage on Whole Foods Market (Nasdaq: WFMI) with an Underperform rating.

Rodman & Renshaw Initiates coverage on Stryker (NYSE: SYK) with a Market Perform.

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


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Stocks Mentioned

CLI 15.24

+0.99 +6.95%
Volume: 3,427,611
Track CLI

CLR 17.85

+2.61 +17.13%
Volume: 2,571,841
Track CLR

HOC 13.81

+2.80 +25.43%
Volume: 1,816,574
Track HOC

INCY 2.82

+0.33 +13.25%
Volume: 2,507,075
Track INCY

KSS 26.15

+1.17 +4.68%
Volume: 9,805,256
Track KSS

NOV 21.52

+3.66 +20.49%
Volume: 15,841,116
Track NOV

NT 0.42

-0.01 -2.33%
Volume: 8,458,241
Track NT

PTR 74.27

+9.97 +15.51%
Volume: 1,373,151
Track PTR

SYK 37.39

+0.91 +2.49%
Volume: 5,300,909
Track SYK

TGT 28.08

+0.08 +0.29%
Volume: 22,219,131
Track TGT

WFMI 8.19

-0.24 -2.85%
Volume: 5,845,818
Track WFMI


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