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 5.55

-0.07 -1.25%
Volume: 233,817
Track BEAT

BTU 42.21

-0.63 -1.47%
Volume: 7,588,742
Track BTU

FRPT 4.77

+0.24 +5.30%
Volume: 1,179,019
Track FRPT

IACI 19.27

+0.13 +0.68%
Volume: 2,360,674
Track IACI

MGA 50.00

+5.80 +13.12%
Volume: 4,715,129
Track MGA

MVL 50.84

-0.39 -0.76%
Volume: 703,684
Track MVL

MYGN 24.38

-0.02 -0.08%
Volume: 1,694,234
Track MYGN

NDAQ 18.46

+0.39 +2.16%
Volume: 2,937,817
Track NDAQ

OPEN 27.06

+0.37 +1.39%
Volume: 66,235
Track OPEN

TRW 20.59

+0.86 +4.36%
Volume: 2,017,453
Track TRW

YUM 35.23

+0.43 +1.24%
Volume: 5,568,974
Track YUM


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