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Notable Analyst Rating Changes 04/28: X, TLAB, SSP, UPS Upgraded; F, FORM, DELL, DPZ, PFWD Downgraded

April 28, 2010 11:02 AM EDT
UPGRADES
U.S. Steel (NYSE: X) gets an upgrade from two today:
  • Goldman Sachs maintains their Buy rating, but increses their price target to $73 from $70. Click Here for more color;

  • Dahlman Rose upgrades United States Steel (NYSE: X) from Hold to Buy, maintaining their $80 price target.
Tellabs (Nasdaq: TLAB) gets an upgrade from two today:
  • J.P. Morgan upgrades from Neutral to Overweight, with a price target increased from $8.50 to $11;

  • Jefferies & Co upgrades Tellabs (Nasdaq: TLAB) from Hold to Buy. Price target increased from $6 to $10.50.
BMO Capital upgrades American Capital (Nasdaq: ACAS) from Underpeform to Sector Perform. Price target increased from $2 to $9.J.P. Morgan upgrades E.W. Scripps (NYSE: SSP) from Neutral to Overweight., and their price target on the company increased from $10 to $13.

Morgan Stanley upgrades UPS (NYSE: UPS) from Underweight to Equalweight.

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

DOWNGRADES
Credit Suisse downgraded Ford (NYSE: F) today from Neutral to Underperform, citing that they "do not think this level of profitability is sustainable."

UBS has downgraded shares of Dell (Nasdaq: DELL) from Buy to Neutral this morning, also raising the stock's price target from $17 to $17.50.

Citigroup downgrades Domino's Pizza Inc. (NYSE: DPZ) today from Buy to Hold, increasing their price target to $19.50. Click Here for more color.

Power Foward (Nasdaq: PFWD) gets a downgrade from two firms today:
  • Jefferies & Co downgrades from Buy to Hold, with a price target on the company of $17;

  • Craig-Hallum downgrades from Buy to Accumulate, with a price target lowered by $1 to $17.
For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Deutsche Bank initiates coverage on Cemex (NYSE: CX) with a Buy rating, and a $16 price target. Click Here for more color.

Brean Murray Carret starts Baidu (Nasdaq: BIDU) with a Buy rating and $800 price target. Click Here for more color.

Gabelli initiates coverage on Patterson-UTI Energy (Nasdaq: PTEN) with a Buy rating.

Lazard Capital initiates coverage on Novavax, Inc. (NASDAQ: NVAX) with a Buy rating, and a $4 price target.

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

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Credit Suisse, Deutsche Bank, Brean Murray Carret & Co., UBS, JPMorgan, Citi, Morgan Stanley, Jefferies & Co, Lazard, Notable Analyst Rating Changes

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