Notable Analyst Rating Changes 5/14: PFG, JCI, ANF, CME Upgraded; LPX, AZN, STV Downgraded

May 14, 2009 10:06 AM EDT

UPGRADES:
Goldman Sachs upgrades Principal Financial Group Inc. (NYSE: PFG) from Sell to Neutral and raises its price target from $18 to $20.

Wachovia Securities upgrades Johnson Controls (NYSE: JCI) to Outperform. Valuation range raised to $29-31. Click here for full color on the upgrade.

Susquehanna upgrades Abercrombie & Fitch (NYSE: ANF) from Neutral to Positive with a $33 price target, saying cost cuts and international provide upside. Click here for the full report.

JP Morgan upgrades CME Group (NYSE: CME) from Underweight to Neutral.

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

DOWNGRADES:
Credit Suisse downgrades Louisiana-Pacific (NYSE: LPX) from Neutral to Underperform.

Jefferies & Co downgrades AstraZeneca (NYSE: AZN) from Hold to Underperform.

Credit Suisse downgrades China Digital (NYSE: STV) from Outperform to Neutral.

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

NEW COVERAGE:
Morgan Joseph Starts L-3 Communications Holdings (NYSE: LLL) at Hold. Click here for full color on the coverage.

Soleil Securities initiates coverage on Valeant Pharmaceuticals Int (NYSE: VRX) with a Sell rating and $14 price target, saying declining base and pipeline concerns leave VRX overvalued. Here is the full report.

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


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Stocks Mentioned

ANF 35.01

-0.11 -0.31%
Volume: 3,570,665
Track ANF

AZN 44.98

+0.05 +0.11%
Volume: 2,044,950
Track AZN

CME 306.62

+0.41 +0.13%
Volume: 574,108
Track CME

JCI 26.23

+0.21 +0.81%
Volume: 4,808,367
Track JCI

LLL 76.40

+0.34 +0.45%
Volume: 862,852
Track LLL

LPX 6.29

+0.11 +1.78%
Volume: 4,287,926
Track LPX

PFG 25.71

+0.26 +1.02%
Volume: 2,308,016
Track PFG

STV 6.91

-0.09 -1.29%
Volume: 84,292
Track STV

VRX 32.48

+0.35 +1.09%
Volume: 1,862,517
Track VRX


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