Notable Analyst Rating Changes 9/29: RL, PVH, COP, USB, BRCM, ATHN, MOV Upgraded; SNV, AZN, PD, FRP Downgraded

September 29, 2009 11:38 AM EDT

UPGRADES:
Goldman Sachs upgrades Polo Ralph Lauren Corporation (NYSE: RL) from Neutral to Buy with a $90 price target.

Bank of America Merrill Lynch upgrades Phillips-Van Heusen (NYSE: PVH) from Neutral to Buy. The firm raised its price target from $45 to $54.

Collins Stewart upgrades ConocoPhillips (NYSE: COP) from Hold to Buy. Price target $60. Here is more color on the upgrade.

FBR Capital upgrades U.S. Bancorp (NYSE: USB) to Market Perform from Underperform, raises price target to $21 from $14. Click here to see the full report.

Barclays upgrades Broadcom (Nasdaq: BRCM) from Equalweight to Overweight. The firm raised its price target from $30 to $35.

Baird upgrades athenahealth (Nasdaq: ATHN) from Neutral to Outperform. Price target increased to $46 from $33.

Morgan Joseph upgrades Movado (NYSE: MOV) from Hold to Buy. Price target $16.

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

DOWNGRADES:
FBR Capital downgrades Synovus (NYSE: SNV) from Market Perform to Underperform; lowers price target to $2.50 from $3.00. Click here for the full report.

Collins Stewart downgrades AstraZeneca (NYSE: AZN) from Hold to Sell.

Oppenheimer downgrades ProLogis (NYSE: PLD) from Outperform to Perform.

Gabelli & Co downgrades FairPoint Communications (NYSE: FRP) from Hold to Sell.

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

NEW COVERAGE:
Standpoint Research initiates coverage on Amazon.com (Nasdaq: AMZN) with a Sell.

Citi initiates coverage on Coca-Cola (NYSE: KO) with a Buy rating and a $61 price target.

Susquehanna initiates coverage on MasterCard Incorporated (NYSE: MA) with a Positive rating and $244 price target. The firm likes MasterCard for three primary reasons: operating margin expansion, Europe, and Canada. Here is the full report.

Hapoalim Securities initiates coverage on SUPERVALU (NYSE: SVU) with an Underperform rating. Price target $11. Click here to see more color.

Gabelli & Co initiates coverage on Transocean (NYSE: RIG) with a Buy.

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


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Stocks Mentioned

AMZN 132.00

-2.03 -1.51%
Volume: 2,035,300
Track AMZN

ATHN 41.95

-0.70 -1.64%
Volume: 39,217
Track ATHN

AZN 45.11

-1.27 -2.74%
Volume: 599,174
Track AZN

BRCM 29.00

-0.56 -1.89%
Volume: 969,371
Track BRCM

COP 51.73

-1.17 -2.21%
Volume: 1,711,809
Track COP

FRP 0.37

+0.00 +0.00%
Volume: 5,500
Track FRP

KO 56.95

-1.16 -2.00%
Volume: 3,251,124
Track KO

MA 237.08

-2.76 -1.15%
Volume: 236,670
Track MA

MOV 10.26

-0.28 -2.66%
Volume: 19,757
Track MOV

PLD 12.75

-0.46 -3.48%
Volume: 1,012,771
Track PLD

PVH 41.27

-0.58 -1.39%
Volume: 62,546
Track PVH

RIG 84.83

-1.53 -1.77%
Volume: 807,139
Track RIG

RL 77.85

-1.31 -1.65%
Volume: 338,270
Track RL

SNV 1.79

-0.01 -0.56%
Volume: 5,276,138
Track SNV

SVU 14.51

-0.37 -2.49%
Volume: 702,665
Track SVU

USB 23.20

-0.37 -1.57%
Volume: 2,067,540
Track USB


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