Notable Analyst Rating Changes for 10/27: VZ, TXN, CAKE, MSFT Upgraded; PALM, SGMS, AMX, HRB Downgraded

October 27, 2009 11:07 AM EDT

UPGRADES:
Wells Fargo upgrades Verizon Communications (NYSE: VZ) from Market Perform to Outperform. Valuation range increased from $29-31 to $34-36. Click Here for more color.

FBR Capital upgrades Texas Instruments (NYSE: TXN) from Market Perform to Outperform. Price target $31. Click Here for more color.

Goldman Sachs upgrades Cheesecake Factory Incorporated (Nasdaq: CAKE) from Neutral to Buy with a $23 price target. For more color Click Here.

Argus upgrades Microsoft (NASDAQ: MSFT) from Sell to Hold.

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

DOWNGRADES:
BMO Capital has downgraded shares of Palm (NASDAQ: PALM) from Market Perform to Underperform this morning, also cutting its price target from $11 to $10. Click Here for more color.

William Blair downgrades Scientific Games (Nasdaq: SGMS) from Outperform to Market Perform.

Raymond James downgrades America Movil (NYSE: AMX) from Outperform to Market Perform.

Fox-Pitt downgrades H&R Block (NYSE: HRB) from Outperform to In-Line.

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

NEW COVERAGE:
Kaufman Bros. initiates coverage on Intel Corp (Nasdaq: INTC) with a Buy. Price target $25. Click Here for more color.

Wells Fargo resumes coverage on The Williams Companies (NYSE: WMB) with an Outperform. Click Here for more color.

Ameriprise Financial initiates coverage on FPL Group (NYSE: FPL) with a Buy rating.

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


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Stocks Mentioned

AMX 47.01

-0.60 -1.26%
Volume: 2,829,321
Track AMX

CAKE 18.80

-0.29 -1.52%
Volume: 1,111,428
Track CAKE

FPL 51.11

+0.25 +0.49%
Volume: 1,856,894
Track FPL

HRB 20.38

-0.02 -0.10%
Volume: 2,054,965
Track HRB

INTC 19.24

-0.06 -0.31%
Volume: 49,134,046
Track INTC

MSFT 29.62

-0.16 -0.54%
Volume: 42,647,918
Track MSFT

PALM 11.74

+0.11 +0.95%
Volume: 10,574,123
Track PALM

SGMS 14.64

-0.37 -2.47%
Volume: 2,988,855
Track SGMS

TXN 24.74

-0.14 -0.56%
Volume: 13,252,884
Track TXN

VZ 30.43

-0.09 -0.29%
Volume: 11,379,026
Track VZ

WMB 19.85

+0.03 +0.15%
Volume: 7,265,925
Track WMB


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