Notable Analyst Rating Changes 6/8: BX, WSM, LYG, STZ Upgraded; GOOG, HOV, STO Downgraded

June 8, 2009 9:50 AM EDT

UPGRADES:
Goldman Sachs upgrades The Blackstone Group (NYSE: BX) from Neutral to Buy with a $13 price target.

Piper Jaffray upgrades Williams-Sonoma (NYSE: WSM) from Neutral to Buy with a $15 price target ahead of its presentation at the Piper Jaffray Consumer conference tomorrow. Click here for more color on the upgrade.

Deutsche Bank upgrades Lloyds Banking Group (NYSE: LYG) from Sell to Buy. Price target increased from 35p to 100p. Click herefor the full report.

Stifel Nicolaus upgrades Constellation Brands (NYSE: STZ) from Hold to Buy. Price target $16.

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

DOWNGRADES:
Benchmark downgraded Google (Nasdaq: GOOG) from Buy to Hold, citing indications of softening
online ad trends. HOV) to Underperform. Valuation Range: $0 to $1. Click here for the full report.

UBS downgrades StatoilHydro (NYSE: STO) from Neutral to Sell.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Airgas Inc. (NYSE: ARG) with a Buy. Price target $54. Here is the full report.

Brean Murray initiates coverage on Changyou.com (Nasdaq: CYOU) with a Buy. Price target $47. Here is the full report.

UBS initiates coverage on Sasol Limited (NYSE: SSL) with a Neutral rating.

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


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Stocks Mentioned

ARG 46.81

+0.32 +0.69%
Volume: 629,219
Track ARG

BX 13.69

+0.15 +1.11%
Volume: 3,281,587
Track BX

CYOU 31.80

-0.24 -0.75%
Volume: 269,155
Track CYOU

GOOG 585.01

-0.73 -0.12%
Volume: 2,513,642
Track GOOG

HOV 3.95

+0.05 +1.28%
Volume: 1,694,047
Track HOV

LYG 5.25

+0.05 +0.96%
Volume: 1,030,338
Track LYG

SSL 38.99

-0.18 -0.46%
Volume: 189,196
Track SSL

STO 25.00

+0.10 +0.40%
Volume: 1,099,762
Track STO

STZ 16.74

+0.21 +1.27%
Volume: 1,841,843
Track STZ

WSM 21.52

+0.40 +1.89%
Volume: 2,983,453
Track WSM


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