Notable Analyst Rating Changes for 10/20: BAC, AMZN, F, BBT, DTE Upgrade; BSX, LEAP/PCS, BA, WFT, GME Downgrade

October 20, 2009 11:04 AM EDT

UPGRADES:
RBC Capital upgrades Bank of America (NYSE: BAC) from Sector Perform to Outperform. Click here for more color.

Oppenheimer resumes coverage on Amazon.com (Nasdaq: AMZN), also upgrading the stock from Perform to Outperform. Click Here for more color.

Barclays upgrades Ford (NYSE: F) from Underweight to Equalweight. Price target raised by $1 to $8.

FTN Equity upgrades BB&T Corp (NYSE: BBT) from Sell to Neutral.

Morgan Stanley upgrades DTE Energy (NYSE: DTE) from Underweight to Equalweight. Price target increased from $34.50 to $39.

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

DOWNGRADES:
Wells Fargo downgrades Boston Scientific (NYSE: BSX) from Outperform to Market Perform. Valuation range lowered to $9-$10 from $11-$12. For more color, Click Here.

Goldman Sachs downgrades both Leap Wireless (NASDAQ: LEAP) and MetroPCS (NYSE: PCS) from Buy to Neutral. The firm cut its price target on Leap from $26 to $16 and PCS from $14 to $7.

Morgan Stanley downgrades Boeing (NYSE: BA) from Equal Weight to Underweight, also lowering its price target from $50 to $43.

Goldman Sachs downgraded Weatherford (NYSE: WFT) from Buy to Neutral and removed the stock from their Conviction Buy List. The firm lowered their price target from $33 to $25.

Janney Montgomery Scott downgrades GameStop (NYSE: GME) from Buy to Neutral. Fair Value $28.00. Click Here for more color.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Dean Foods (NYSE: DF) with a Neutral rating and $22 12-month price target. Click Here for more color.

FBR Capital initiates coverage on Lloyds Banking Group (NYSE: LYG) with an Outperform rating. Price target 115 pence. Click Here for more color.

Bank of America initiates coverage on Wendy's/Arby's Group (NYSE: WEN) with a Neutral.

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


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Stocks Mentioned

AMZN 134.03

+1.09 +0.82%
Volume: 5,076,447
Track AMZN

BA 52.93

+0.96 +1.85%
Volume: 3,021,455
Track BA

BAC 15.95

-0.15 -0.93%
Volume: 97,450,106
Track BAC

BBT 24.99

-0.09 -0.36%
Volume: 2,911,560
Track BBT

BSX 8.64

+0.08 +0.93%
Volume: 16,705,813
Track BSX

DF 16.19

-0.10 -0.61%
Volume: 1,915,290
Track DF

DTE 40.59

+0.32 +0.79%
Volume: 1,306,005
Track DTE

F 8.81

+0.00 +0.00%
Volume: 26,922,516
Track F

GME 25.60

+0.32 +1.27%
Volume: 3,092,094
Track GME

LEAP 14.54

+0.22 +1.54%
Volume: 1,570,334
Track LEAP

LYG 6.20

+0.03 +0.49%
Volume: 1,155,386
Track LYG

PCS 6.46

+0.13 +2.05%
Volume: 4,038,258
Track PCS

WEN 4.16

+0.03 +0.73%
Volume: 2,264,761
Track WEN

WFT 16.70

+0.23 +1.40%
Volume: 24,771,344
Track WFT


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