Notable Analyst Rating Changes 6/24: FCX, BDK, DB, EMC Upgraded; WFR, BA, CTRP Downgraded

June 24, 2009 9:44 AM EDT

UPGRADES:
FBR Capital upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Market Perform to Outperform with a $58 price target, saying the recent pullback creates an attractive entry point. Click here for more color on the upgrade.

Credit Suisse upgrades Black & Decker (NYSE: BDK) from Underperform to Neutral.

Citi upgrades Deutsche Bank (NYSE: DB) from Sell to Hold.

Barclays upgrades EMC Corp (NYSE: EMC) from Equal Weight to Overweight and raises their price target from $12 to $16.

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

DOWNGRADES:
JP Morgan downgrades MEMC Electronic Materials (NYSE: WFR) from Overweight to Underweight. Click here for the full report.

Oppenheimer downgrades Boeing (NYSE: BA) from Perform to Underperform. Price target lowered $2 to $40.

Deutsche Bank downgrades Ctrip.com (Nasdaq: CTRP) from Buy to Hold. Price target $38. Click here for more color on the downgrade.

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

NEW COVERAGE:
FBR Capital initiates coverage on Riverbed Technology, Inc. (Nasdaq: RVBD) with a Market Perform rating and $22 price target. Here is more color.

Rodman & Renshaw initiates coverage on Orexigen Therapeutics (Nasdaq: OREX) with a Market
Outperform rating. Price target $14

Oppenheimer initiates coverage on BMP Sunstone (Nasdaq: BJGP) with an Outperform. Price target $6.

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


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Stocks Mentioned

BA 51.78

-0.85 -1.62%
Volume: 3,288,144
Track BA

BDK 61.87

-0.15 -0.24%
Volume: 633,158
Track BDK

BJGP 4.26

+0.00 +0.00%
Volume: 34,017
Track BJGP

CTRP 69.88

+0.94 +1.36%
Volume: 1,076,493
Track CTRP

DB 74.68

-1.19 -1.57%
Volume: 930,493
Track DB

EMC 16.94

-0.20 -1.17%
Volume: 11,708,867
Track EMC

FCX 85.59

+0.26 +0.30%
Volume: 9,591,923
Track FCX

OREX 6.79

-0.09 -1.31%
Volume: 343,406
Track OREX

RVBD 20.56

-0.95 -4.42%
Volume: 1,148,332
Track RVBD

WFR 11.93

-0.05 -0.42%
Volume: 5,019,232
Track WFR


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