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 47.22

+0.21 +0.45%
Volume: 452,719
Track ARG

BX 13.56

+0.01 +0.07%
Volume: 1,603,304
Track BX

CYOU 32.29

-0.56 -1.70%
Volume: 74,591
Track CYOU

GOOG 588.25

+0.74 +0.13%
Volume: 843,511
Track GOOG

HOV 3.95

-0.08 -1.99%
Volume: 770,073
Track HOV

LYG 5.29

+0.22 +4.34%
Volume: 1,040,633
Track LYG

SSL 39.57

-1.15 -2.82%
Volume: 295,678
Track SSL

STO 25.14

-0.30 -1.18%
Volume: 2,360,562
Track STO

STZ 16.65

-0.12 -0.72%
Volume: 1,435,871
Track STZ

WSM 21.37

+0.12 +0.56%
Volume: 1,918,542
Track WSM


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