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 39.34

-0.39 -0.98%
Volume: 3,217,270
Track ANF

AXP 41.63

+0.70 +1.71%
Volume: 11,753,165
Track AXP

CTL 35.54

-0.07 -0.20%
Volume: 3,808,555
Track CTL

DKS 21.69

+0.11 +0.51%
Volume: 2,544,193
Track DKS

EL 48.29

+0.43 +0.90%
Volume: 1,630,254
Track EL

FNM 1.01

-0.01 -0.98%
Volume: 11,238,563
Track FNM

FRE 1.16

+0.02 +1.75%
Volume: 7,799,135
Track FRE

LUV 9.14

+0.14 +1.56%
Volume: 6,066,036
Track LUV

MAT 20.46

+0.45 +2.25%
Volume: 3,292,394
Track MAT

MRVL 15.61

+0.33 +2.16%
Volume: 9,349,200
Track MRVL

NOV 43.53

+0.74 +1.73%
Volume: 4,558,441
Track NOV

PFE 18.53

+0.17 +0.93%
Volume: 73,609,926
Track PFE

TEX 19.73

-0.57 -2.81%
Volume: 4,129,079
Track TEX


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