Notable Analyst Rating Changes 9/18: HOC, PTR, CLR, NOV Upgraded; TGT, NT, KSS, CLI Downgraded

September 18, 2008 9:49 AM EDT

UPGRADES:
Goldman Sachs upgrades Holly Corp. (NYSE: HOC) from Neutral to Buy and adds the stock to their Conviction Buy List and raises their price target to $45.

Credit Suisse upgrades PetroChina (NYSE: PTR) from Neutral to Outperform.

Merrill Lynch upgrades Continental Resources (NYSE: CLR) from Neutral to Buy.

Stanford Group upgrades National Oilwell Varco (NYSE: NOV) from Hold to Buy.

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

DOWNGRADES:
Morgan Stanley downgrades Target (NYSE: TGT) from Overweight to Equal-Weight.

J.P. Morgan Downgrades Nortel Networks (NYSE: NT) from Overweight to Underweight.

Citi downgrades Kohl's (NYSE: KSS) from Buy to Hold, citing current valuation. Citi also removes KSS from the Recommended List. Price target $52.

Stifel Nicolaus downgrades Mack-Cali Realty (NYSE: CLI) from Hold to Sell.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Incyte Corporation (Nasdaq: INCY) with a Buy rating.

Friedman Billings Ramsey initiates coverage on Whole Foods Market (Nasdaq: WFMI) with an Underperform rating.

Rodman & Renshaw Initiates coverage on Stryker (NYSE: SYK) with a Market Perform.

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


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Stocks Mentioned

CLI 17.93

+3.25 +22.14%
Volume: 2,978,484
Track CLI

CLR 17.92

+1.19 +7.11%
Volume: 1,424,605
Track CLR

HOC 16.27

-0.48 -2.87%
Volume: 2,131,531
Track HOC

INCY 3.01

+0.08 +2.73%
Volume: 3,252,324
Track INCY

KSS 30.70

+1.61 +5.53%
Volume: 5,300,353
Track KSS

NOV 23.26

+0.11 +0.48%
Volume: 11,756,792
Track NOV

NT 0.63

+0.03 +5.00%
Volume: 10,052,668
Track NT

PTR 81.60

+4.18 +5.40%
Volume: 942,812
Track PTR

SYK 38.13

+1.29 +3.50%
Volume: 1,991,356
Track SYK

TGT 31.53

+1.99 +6.74%
Volume: 14,624,747
Track TGT

WFMI 10.02

+0.30 +3.09%
Volume: 2,870,897
Track WFMI


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