Notable Analyst Rating Changes 10/7: BAC, KO, DIS, TWC Upgrade; STJ, TSM, ACV, LYG, RBN Downgrade

October 7, 2009 11:16 AM EDT

UPGRADES:
Wells Fargo upgrades Bank of America (NYSE: BAC) from Market Perform to Outperform, also raising its valuation range from $14-$16 to $24-$27. Clickhere for more color.

Deutsche Bank upgrades Coca-Cola Company (NYSE: KO) from Hold to Buy witha $62 price target. Clickhere for more color.

Bank of America Merrill Lynch upgrades Disney (NYSE: DIS) from Underperform to Neutral, also raising its price target on the stock from $22 to $30.

Wells Fargo upgraded Time Warner Cable to Outperform and raised its valuation range from $30-$33 to $50-$54. Clickhere for more color.

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

DOWNGRADES:
Canaccord Adams downgrades St. Jude Medical Inc. (NYSE: STJ) from Buy to Hold and lowered thier price target from $48 to $37. Click here for more color.

UBS downgrades Taiwan Semiconductor (NYSE: TSM) from Buy to Neutral.

Caris & Co downgrades Alberto-Culver (NYSE: ACV) from Buy to Above Average. Price target lowered by $1 to $27.

Fox-Pitt downgrades Lloyds Banking Group (NYSE: LYG) from In-Line to Underperform.

BB&T Capital downgrades Robbins & Myers (NYSE: RBN) from Buy to Hold.

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

NEW COVERAGE:
Goldman Sachs resumed coverage on Pulte Homes (NYSE: PHM) with a Neutral rating and a 6-month price target of $12.

Jesup & Lamont initiates coverage on Research in Motion (Nasdaq: RIMM) with a Buy rating.

Wells Fargo resumes coverage on Group 1 Automotive, Inc. (NYSE: GPI) with an Outperform rating. Valuation range of $31 to $34.

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


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Stocks Mentioned

ACV 28.00

-0.27 -0.96%
Volume: 305,887
Track ACV

BAC 15.47

-0.48 -3.01%
Volume: 96,712,639
Track BAC

DIS 30.35

-0.26 -0.85%
Volume: 5,688,000
Track DIS

GPI 25.73

-0.76 -2.87%
Volume: 198,163
Track GPI

KO 57.18

-0.93 -1.60%
Volume: 7,837,689
Track KO

LYG 5.71

-0.49 -7.90%
Volume: 1,688,090
Track LYG

PHM 9.11

-0.30 -3.19%
Volume: 3,194,117
Track PHM

RBN 23.00

-1.14 -4.72%
Volume: 141,396
Track RBN

RIMM 58.14

-1.62 -2.71%
Volume: 7,265,717
Track RIMM

STJ 36.41

-0.38 -1.03%
Volume: 1,546,174
Track STJ

TSM 10.31

-0.17 -1.62%
Volume: 5,924,823
Track TSM


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