Notable Analyst Rating Changes 10/15: JPM, PCG, NVLS, PRX Upgrade; BJS, BHI, SCHW, AZ, TRV, LAZ Downgrade

October 15, 2009 10:44 AM EDT

UPGRADES:
Fox-Pitt upgrades JPMorgan Chase (NYSE: JPM) from In-line to Outperform. Price target increased to $55 from $38.

UBS upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

Citi upgrades Novellus (Nasdaq: NVLS) from Hold to Buy. Price target increased from $19.50 to $27.

Barclays is upgrading Per Pharmaceuticals (NYSE: PRX) to Overweight from Equal Weight with a $30 target (prev. $18). Click Here for more color.

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

DOWNGRADES:
Citi downgrades BJ Services (NYSE: BJS) from Hold to Sell. Price target lowered from $16 to $14.

Citi downgrades Baker Hughes (NYSE: BHI) from Hold to Sell. Price target $39.

BofA Merrill Lynch downgrades Charles Schwab (Nasdaq: SCHW) from Buy to Neutral. The firm maintained its $23.50 price target.

Bank of American downgrades Allianz (NYSE: AZ) from Buy to Neutral.

Keefe, Bruyette & Woods downgrades The Travelers Companies (NYSE: TRV) to Market Perform. Price target $51.

Oppenheimer downgrades Lazard Ltd (NYSE: LAZ) from Outperform to Perform. Price target $45.

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

NEW COVERAGE:
Goldman Sachs resumes coverage on Human Genome Sciences, Inc. (Nasdaq: HGSI) with a Buy rating and $24 price target.

Standpoint Research initiates coverage on Wal-Mart (NYSE: WMT) with a Buy. Price target $60.

Bernstein initiates coverage on Petroleo Brasileiro (Petrobras) (NYSE: PBR) with an Outperform rating. Price target $56.

RBC initiates coverage on Weyerhaeuser (NYSE: WY) with a Sector Perform rating. Price target $38.

Susquehanna initiates coverage on NYSE Euronext (NYSE: NYX) with a Neutral rating.

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


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Stocks Mentioned

AZ 12.45

+0.00 +0.00%
Volume: 1,480,532
Track AZ

BHI 41.00

+0.03 +0.07%
Volume: 3,332,360
Track BHI

BJS 18.88

+0.08 +0.43%
Volume: 3,832,937
Track BJS

HGSI 27.92

+0.54 +1.97%
Volume: 3,690,946
Track HGSI

JPM 42.48

-0.80 -1.85%
Volume: 31,881,517
Track JPM

LAZ 39.31

-0.29 -0.73%
Volume: 1,007,707
Track LAZ

NVLS 20.96

-0.26 -1.23%
Volume: 2,130,037
Track NVLS

NYX 25.88

-0.18 -0.69%
Volume: 2,041,158
Track NYX

PBR 51.43

+0.30 +0.59%
Volume: 8,535,829
Track PBR

PCG 42.60

+0.05 +0.12%
Volume: 1,806,590
Track PCG

PRX 24.07

+0.08 +0.33%
Volume: 614,012
Track PRX

SCHW 18.15

-0.05 -0.27%
Volume: 6,914,859
Track SCHW

TRV 53.09

+0.12 +0.23%
Volume: 3,050,969
Track TRV

WMT 54.85

+0.17 +0.31%
Volume: 10,606,774
Track WMT

WY 38.33

-0.78 -1.99%
Volume: 1,633,107
Track WY


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