Notable Analyst Rating Changes 9/30: NKE, HBAN, AMSC, CPSL, EHTH, ADM Upgraded; TGT, PSSI, GLBC, ICON Downgraded

September 30, 2009 11:10 AM EDT

UPGRADES:
Goldman Sachs upgraded Nike (NYSE: NKE) from Neutral to Buy with a $75 price target.

Deutsche Bank upgrades Huntington Bank (Nasdaq: HBAN) from Hold to Buy. Price target increased to $5.50. Click here for the full report.

Kaufman Bros. upgrades American Superconductor Corp. (NASDAQ: AMSC) from Hold to Buy. Price target increased to $36. Here is more color on the upgrade.

Roth Capital upgrades China Precision Steel (Nasdaq: CPSL) from Sell to Hold. Price target increased to $2.50 from $1.60.

ThinkEquity upgrades eHealth (Nasdaq: EHTH) from Accumulate to Buy. Price target $19.

BMO Capital upgrades Archer-Daniels-Midland (NYSE: ADM) from Market Perform to Outperform. Price target increased from $27 to $34.

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

DOWNGRADES:
UBS downgrades Target (NYSE: TGT) from Buy to Neutral, but maintained its $52 price target.

Goldman Sachs downgraded PSS World Medical Inc. (Nasdaq: PSSI) from Buy to Neutral, but raised their price target from $20 to $23.

Citi downgrades Global Crossing (Nasdaq: GLBC) from Buy to Hold. Price target $16.

Brean Murray downgrades Iconix Brand Group (Nasdaq: ICON) to Hold and eliminating target price. Click here for the full report.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Lorillard (NYSE: LO) with a Buy. Price target $83. Here is the full report.

Bernstein initiates coverage on several discount retailers this morning: Target at Outperform, Costco Wholesale (Nasdaq: COST) at Market Perform, and Wal-Mart (NYSE: WMT) at Market Perform

Auriga initiates coverage on PMC-Sierra (Nasdaq: PMCS) with a Buy rating and $13 price target. Click here to see more color.

Lazard Capital Markets initiates coverage on Intel (Nasdaq: INTC) with a Buy ratin

RBC Capital initiates coverage on Dollar Tree (Nasdaq: DLTR) with an Outperform rating. Price target $58.

RBC Capital initiates coverage on BB&T Corp. (NYSE: BBT) with a Sector Perform rating and a $25 price target.

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


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Stocks Mentioned

ADM 31.40

+0.14 +0.45%
Volume: 2,666,689
Track ADM

AMSC 33.43

-0.17 -0.51%
Volume: 471,109
Track AMSC

BBT 24.99

-0.09 -0.36%
Volume: 2,911,560
Track BBT

COST 60.89

+0.38 +0.63%
Volume: 2,469,780
Track COST

CPSL 2.22

+0.02 +0.91%
Volume: 258,425
Track CPSL

DLTR 51.07

-0.26 -0.51%
Volume: 1,423,097
Track DLTR

EHTH 13.09

-0.16 -1.21%
Volume: 242,566
Track EHTH

GLBC 12.14

-0.30 -2.41%
Volume: 40,812
Track GLBC

HBAN 3.72

-0.04 -1.06%
Volume: 10,572,730
Track HBAN

ICON 11.57

+0.02 +0.17%
Volume: 530,082
Track ICON

INTC 19.34

-0.05 -0.26%
Volume: 46,706,850
Track INTC

LO 80.47

+0.22 +0.27%
Volume: 1,233,991
Track LO

NKE 65.70

+1.18 +1.83%
Volume: 1,996,503
Track NKE

PMCS 8.10

-0.04 -0.49%
Volume: 4,379,191
Track PMCS

PSSI 19.61

-0.28 -1.41%
Volume: 329,367
Track PSSI

TGT 47.83

+0.37 +0.78%
Volume: 4,334,340
Track TGT

WMT 54.96

+0.11 +0.20%
Volume: 9,063,494
Track WMT


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