Notable Analyst Rating Changes 7/1: YUM, TRW, MGA, MVL Upgraded; FRPT, NDAQ, BEAT, MYGN Downgraded

July 1, 2009 9:39 AM EDT

UPGRADES:
Goldman Sachs upgrades Yum! Brands (NYSE: YUM) from Neutral to Buy and raises their price target from $36 to $40.

Bank of America upgrades TRW Automotive (NYSE: TRW) from Underperform to Neutral. Price target increased to $11.50.

Bank of America upgrades Magna (NYSE: MGA) from Underperform to Buy. The firm also upgraded a host of other auto suppliers.

J.P. Morgan upgrades Marvel (NYSE: MVL) from Neutral to Overweight.

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

DOWNGRADES:
Collins Stewart downgrades Force Protection (Nasdaq: FRPT) to Hold. Click here for more color on the downgrade.

Deutsche Bank downgrades NASDAQ OMX (Nasdaq: NDAQ) from Buy to Hold. Price target $23. Click here for the full report.

Citi and Roth Capital downgrade CardioNet (Nasdaq: BEAT) to Hold.

Oppenheimer downgrades Myriad Genetics (Nasdaq: MYGN) from Outperform to Perform.

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

NEW COVERAGE:
Oppenheimer initiates coverage on IAC/InterActiveCorp (Nasdaq: IACI) with an Outperform rating and $19 price target.

Bank of America resumes coverage on Peabody Energy (NYSE: BTU) with a Buy. Price target $38.

ThinkEquity initiates coverage on OpenTable (Nasdaq: OPEN) with a Buy. Price target $35.

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


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Stocks Mentioned

BEAT 4.68

-0.12 -2.50%
Volume: 603,212
Track BEAT

BTU 44.96

-0.20 -0.44%
Volume: 3,915,747
Track BTU

FRPT 5.24

+0.05 +0.96%
Volume: 624,329
Track FRPT

IACI 19.22

-0.20 -1.03%
Volume: 1,719,622
Track IACI

MGA 49.18

-0.05 -0.10%
Volume: 369,799
Track MGA

MVL 52.52

+0.22 +0.42%
Volume: 2,202,862
Track MVL

MYGN 24.51

+0.46 +1.91%
Volume: 1,609,274
Track MYGN

NDAQ 19.60

+0.43 +2.24%
Volume: 3,444,165
Track NDAQ

OPEN 27.00

+0.23 +0.86%
Volume: 193,812
Track OPEN

TRW 23.10

-0.19 -0.82%
Volume: 1,391,492
Track TRW

YUM 35.32

+0.03 +0.09%
Volume: 3,291,489
Track YUM


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