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 47.99

+1.39 +2.98%
Volume: 361,296
Track ARG

BX 15.64

+0.80 +5.39%
Volume: 3,401,425
Track BX

CYOU 32.97

+1.73 +5.54%
Volume: 379,997
Track CYOU

GOOG 560.90

+9.80 +1.78%
Volume: 1,852,878
Track GOOG

HOV 4.06

-0.10 -2.40%
Volume: 2,835,650
Track HOV

LYG 5.66

+0.03 +0.53%
Volume: 763,485
Track LYG

SSL 40.23

+1.17 +3.00%
Volume: 242,330
Track SSL

STO 25.33

+1.01 +4.15%
Volume: 707,277
Track STO

STZ 16.24

+0.17 +1.06%
Volume: 731,889
Track STZ

WSM 19.68

+0.44 +2.29%
Volume: 926,595
Track WSM


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