Notable Analyst Rating Changes 10/19: AXP, NOV, EL, DKS Upgrade; FNM/FRE, ANF, MAT, LUV Downgrade

October 19, 2009 11:11 AM EDT

UPGRADES:
FBR Research upgrades American Express (NYSE: AXP) from Underperform to Market Perform. Price target increased from $25 to $37. Click Here for more color.

Raymond James upgrades National Oilwell Varco (NYSE: NOV) from Strong Buy to Outperform.

RBC Capital upgrades Estee Lauder (NYSE: EL) from Underperform to Sector Perform.

Piper Jaffray upgrades Dick's Sporting Goods (NYSE: DKS) from Underweight to Neutral. Price target increased from $18 to $28. Click Here for more color.

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

DOWNGRADES:
Keefe, Bruyette, and Woods downgrades both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Underperform and cut their price targets to $0. Click Here for more color.

Brean Murray downgrades Abercrombie & Fitch (NYSE: ANF) from Hold to Sell.

Morgan Joseph downgrades Mattel (NYSE: MAT) to Hold. Click Here for more color.

JP Morgan downgrades Southwest Airlines (NYSE: LUV) to Underweight.

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

NEW COVERAGE:
Barclays resumes coverage on Pfizer (NYSE: PFE) with an Overweight rating. Price target $21.

Citi initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy rating. Price target $21.

RBC Capital initiates coverage on Terex (NYSE: TEX) with an Outperform rating.

Wells Fargo resumes coverage on CenturyTel, Inc. (NYSE: CTL) with an Outperform rating. Valuation Range $38-40. Click Here for more coverage.

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


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Stocks Mentioned

ANF 39.93

-0.04 -0.10%
Volume: 4,838,142
Track ANF

AXP 41.83

+0.99 +2.42%
Volume: 14,374,538
Track AXP

CTL 35.59

-0.72 -1.98%
Volume: 4,702,105
Track CTL

DKS 20.76

-0.39 -1.84%
Volume: 2,636,924
Track DKS

EL 46.83

-0.16 -0.34%
Volume: 1,579,977
Track EL

FNM 0.88

-0.06 -6.38%
Volume: 32,348,763
Track FNM

FRE 1.03

-0.07 -6.36%
Volume: 17,699,608
Track FRE

LUV 9.20

+0.21 +2.34%
Volume: 11,170,564
Track LUV

MAT 19.46

-0.11 -0.56%
Volume: 3,778,125
Track MAT

MRVL 15.42

-0.21 -1.34%
Volume: 12,759,704
Track MRVL

NOV 43.02

-0.28 -0.65%
Volume: 6,056,031
Track NOV

PFE 18.17

-0.08 -0.44%
Volume: 59,262,186
Track PFE

TEX 18.83

-0.15 -0.79%
Volume: 2,499,480
Track TEX


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