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 49.68

-0.09 -0.18%
Volume: 3,212,359
Track BA

BDK 61.05

-0.43 -0.70%
Volume: 1,606,567
Track BDK

BJGP 3.71

-0.07 -1.85%
Volume: 26,244
Track BJGP

CTRP 60.40

+0.97 +1.63%
Volume: 692,505
Track CTRP

DB 71.83

-0.42 -0.58%
Volume: 396,972
Track DB

EMC 16.73

-0.08 -0.48%
Volume: 17,676,556
Track EMC

FCX 79.56

+0.06 +0.08%
Volume: 13,426,404
Track FCX

OREX 7.05

-0.01 -0.14%
Volume: 520,405
Track OREX

RVBD 21.28

-0.15 -0.70%
Volume: 519,532
Track RVBD

WFR 12.66

-0.13 -1.02%
Volume: 3,471,274
Track WFR


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