Notable Analyst Rating Changes 9/29: RL, PVH, COP, USB, BRCM, ATHN, MOV Upgraded; SNV, AZN, PD, FRP Downgraded

September 29, 2009 11:38 AM EDT

UPGRADES:
Goldman Sachs upgrades Polo Ralph Lauren Corporation (NYSE: RL) from Neutral to Buy with a $90 price target.

Bank of America Merrill Lynch upgrades Phillips-Van Heusen (NYSE: PVH) from Neutral to Buy. The firm raised its price target from $45 to $54.

Collins Stewart upgrades ConocoPhillips (NYSE: COP) from Hold to Buy. Price target $60. Here is more color on the upgrade.

FBR Capital upgrades U.S. Bancorp (NYSE: USB) to Market Perform from Underperform, raises price target to $21 from $14. Click here to see the full report.

Barclays upgrades Broadcom (Nasdaq: BRCM) from Equalweight to Overweight. The firm raised its price target from $30 to $35.

Baird upgrades athenahealth (Nasdaq: ATHN) from Neutral to Outperform. Price target increased to $46 from $33.

Morgan Joseph upgrades Movado (NYSE: MOV) from Hold to Buy. Price target $16.

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

DOWNGRADES:
FBR Capital downgrades Synovus (NYSE: SNV) from Market Perform to Underperform; lowers price target to $2.50 from $3.00. Click here for the full report.

Collins Stewart downgrades AstraZeneca (NYSE: AZN) from Hold to Sell.

Oppenheimer downgrades ProLogis (NYSE: PLD) from Outperform to Perform.

Gabelli & Co downgrades FairPoint Communications (NYSE: FRP) from Hold to Sell.

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

NEW COVERAGE:
Standpoint Research initiates coverage on Amazon.com (Nasdaq: AMZN) with a Sell.

Citi initiates coverage on Coca-Cola (NYSE: KO) with a Buy rating and a $61 price target.

Susquehanna initiates coverage on MasterCard Incorporated (NYSE: MA) with a Positive rating and $244 price target. The firm likes MasterCard for three primary reasons: operating margin expansion, Europe, and Canada. Here is the full report.

Hapoalim Securities initiates coverage on SUPERVALU (NYSE: SVU) with an Underperform rating. Price target $11. Click here to see more color.

Gabelli & Co initiates coverage on Transocean (NYSE: RIG) with a Buy.

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


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Stocks Mentioned

AMZN 131.74

-2.29 -1.71%
Volume: 4,422,567
Track AMZN

ATHN 41.83

-0.82 -1.92%
Volume: 180,039
Track ATHN

AZN 45.29

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

BRCM 28.97

-0.59 -2.00%
Volume: 3,201,912
Track BRCM

COP 51.92

-0.98 -1.85%
Volume: 5,257,102
Track COP

FRP 0.37

+0.00 +0.00%
Volume: 5,500
Track FRP

KO 57.18

-0.93 -1.60%
Volume: 7,837,689
Track KO

MA 235.59

-4.25 -1.77%
Volume: 648,074
Track MA

MOV 10.18

-0.36 -3.42%
Volume: 80,236
Track MOV

PLD 12.63

-0.58 -4.39%
Volume: 3,827,903
Track PLD

PVH 41.15

-0.70 -1.67%
Volume: 233,663
Track PVH

RIG 84.91

-1.45 -1.68%
Volume: 1,789,960
Track RIG

RL 77.11

-2.05 -2.59%
Volume: 982,502
Track RL

SNV 1.89

+0.09 +5.00%
Volume: 20,977,369
Track SNV

SVU 14.42

-0.46 -3.09%
Volume: 2,749,322
Track SVU

USB 22.95

-0.62 -2.63%
Volume: 7,179,507
Track USB


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