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 132.94

-0.06 -0.05%
Volume: 7,307,500
Track AMZN

ATHN 43.25

+0.03 +0.07%
Volume: 236,373
Track ATHN

AZN 45.25

-0.15 -0.33%
Volume: 2,232,790
Track AZN

BRCM 29.30

+0.05 +0.17%
Volume: 5,810,682
Track BRCM

COP 52.68

+0.31 +0.59%
Volume: 10,562,593
Track COP

FRP 0.37

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

KO 58.19

-0.05 -0.09%
Volume: 7,790,625
Track KO

MA 237.65

+1.46 +0.62%
Volume: 1,048,121
Track MA

MOV 10.49

-0.06 -0.57%
Volume: 70,962
Track MOV

PLD 13.14

-0.21 -1.57%
Volume: 6,821,936
Track PLD

PVH 41.79

-0.77 -1.81%
Volume: 541,928
Track PVH

RIG 85.43

+0.43 +0.51%
Volume: 2,351,324
Track RIG

RL 77.62

-1.29 -1.63%
Volume: 1,327,632
Track RL

SNV 1.49

-0.12 -7.45%
Volume: 43,261,492
Track SNV

SVU 14.77

-0.18 -1.20%
Volume: 4,838,848
Track SVU

USB 23.73

+0.18 +0.76%
Volume: 12,338,055
Track USB


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