Notable Analyst Rating Changes 9/5: UL, MON, NAV, HOS Upgraded; ANF, TJX, AMD, NBR Downgraded

September 5, 2008 10:00 AM EDT

UPGRADES:
UBS upgrades Unilever (NYSE: UL) from Sell to Neutral.

Credit Suisse upgrades Monsanto (NYSE: MON) from Neutral to Outperform.

J.P. Morgan upgrades Navistar (NYSE: NAV) from Neutral to Overweight.

Goldman Sachs upgrades Hornbeck Offshore (NYSE: HOS) from Sell to Neutral with a $50 price target.

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

DOWNGRADES:
Citi downgrades Abercrombie & Fitch Co (NYSE: ANF) from Buy to Sell. Price target slashed from $73 to $45.

Lehman Bros. downgrades TJX Companies (NYSE: TJX) from Overweight to Equalweight.

Merrill Lynch downgrades Advanced Micro Devices (NYSE: AMD) from Neutral to Sell, citing valuation.

Goldman Sachs downgrades Nabors (NYSE: NBR) from Buy to Neutral and lowered its price target from $56 to $41.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on Genzyme (Nasdaq: GENZ) with a Buy.

Morgan Stanley assumes coverage on Johnson & Johnson (NYSE: JNJ) with an Overweight.

Morgan Stanley assumes coverage on Boston Scientific (NYSE: BSX) with an Overweight.

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


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Stocks Mentioned

AMD 2.03

+0.03 +1.50%
Volume: 13,840,838
Track AMD

ANF 16.82

+0.35 +2.13%
Volume: 5,950,072
Track ANF

BSX 6.23

+0.32 +5.41%
Volume: 25,811,552
Track BSX

GENZ 60.04

+2.34 +4.06%
Volume: 3,379,104
Track GENZ

HOS 14.24

+0.32 +2.30%
Volume: 692,213
Track HOS

JNJ 56.83

+1.50 +2.71%
Volume: 16,081,040
Track JNJ

MON 73.86

+2.71 +3.81%
Volume: 7,000,898
Track MON

NAV 20.40

+0.34 +1.69%
Volume: 803,162
Track NAV

NBR 12.10

-0.06 -0.49%
Volume: 6,734,295
Track NBR

TJX 20.31

+0.02 +0.10%
Volume: 6,893,771
Track TJX

UL 21.96

+1.14 +5.48%
Volume: 1,021,915
Track UL


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