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 48.35

-0.69 -1.41%
Volume: 2,339,673
Track AMX

CAKE 18.63

-0.24 -1.27%
Volume: 311,382
Track CAKE

FPL 51.58

-0.90 -1.71%
Volume: 992,510
Track FPL

HRB 20.39

-0.10 -0.49%
Volume: 1,013,873
Track HRB

INTC 19.11

-0.23 -1.19%
Volume: 35,747,631
Track INTC

MSFT 29.22

-0.57 -1.91%
Volume: 29,357,892
Track MSFT

PALM 11.00

-0.24 -2.14%
Volume: 4,225,105
Track PALM

SGMS 14.23

-0.25 -1.73%
Volume: 301,557
Track SGMS

TXN 25.25

-0.17 -0.67%
Volume: 7,278,409
Track TXN

VZ 31.63

-0.40 -1.25%
Volume: 8,552,212
Track VZ

WMB 19.97

-0.56 -2.73%
Volume: 3,710,614
Track WMB


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