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Notable Analyst Rating Changes 08/31: (TSO) (CISG) (LEN) Upgraded; (TM) (WOR) (JEF) Downgraded

August 31, 2011 11:33 AM EDT
UPGRADES
RBC Capital upgrades Tesoro Corporation (NYSE: TSO) from Sector Perform to Outperform, price target raised from $28 to $30.

Piper Jaffray lifts CNinsure Inc. (Nasdaq: CISG) from Underweight to Neutral, maintaining a price target of $10.

UBS upgraded Lennar (NYSE: LEN) from Neutral to Buy with a price target of $21. Click Here for more color.

Goldman Sachs raises Reliance Steel & Aluminum (NYSE: RS) from Neutral to Buy, its price target lowered from $60 to $52. Click Here for more color.

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

DOWNGRADES
Credit Suisse downgrades Toyota Motor (NYSE: TM) from Outperform to Neutral.

Goldman Sachs lowers Worthington Industries (NYSE: WOR) from Neutral to Sell moving its 6-month price target from $24 to $14. Click Here for more color.

Rochdale Securities' Dick Bove downgrades Jefferies Group (NYSE: JEF) from Buy to Neutral.

Goldman Sachs reduces Steel Dynamics (Nasdaq: STLD) from Buy to Neutral with a 6-month price target lowered from $20 to $14.

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

NEW COVERAGE
Wells Fargo initiates Citrix Systems (Nasdq: CTXS) with an Outperform, valuation range of $65 to $70. Click Here for more color.

Francesca's Holdings (Nasdaq: FRAN) started by several firms today:
  • Goldman Sachs at Neutral and 6-month price target of $27. Click Here for more color;

  • RBC Capital with an Outperform, and $30 price target;

  • Stifel Nicolaus with a Hold; and

  • Jefferies at Buy and $32 price target. Click Here for more color.
Barclays beings Celenese (NYSE: CE) with an Overweight rating and $49 price target.

Hilliard Lyons initiates Kroger (NYSE: KR) with a Buy, and $27 price target.

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Credit Suisse, Piper Jaffray, Stifel, UBS, Jefferies & Co, RBC Capital, Barclays, Richard Bove, Hilliard Lyons, Notable Analyst Rating Changes, Wells Fargo