Notable Analyst Rating Changes 09/08: MGM, COST, HBAN, SPLS Upgraded; V, CAGC, BAX, WDC Downgraded

September 8, 2010 10:41 AM EDT

UPGRADES
Soleil Securities upgrades MGM Mirage (NYSE: MGM) from Hold to Buy, with a price target increased by $1 to $14. Click Here for more color.

Goldman Sachs upgrades Costco Wholesale (Nasdaq: COST) from Neutral to Buy and raised their price target form $62 to $68. Click Here for more color.

Raymond James upgrades Huntington Bancshares (Nasdaq: HBAN) from Outperform to Strong Buy.

Goldman Sachs upgrades Staples, Inc. (Nasdaq: SPLS) from Neutral to Buy, added the stock to their Conviction Buy List and raised their price target from $22 to $23. Click Here for more color.

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

DOWNGRADES
BofA/Merrill Lynch downgrades Visa (NYSE: V) from Neutral to Underperform. Click Here for more color.

Chardan Capital downgrades China Agritech Inc. (Nasdaq: CAGC) from Neutral to Sell.

Citigroup downgrades Baxter International Inc. (NYSE: BAX) from Hold to Sell and cuts its price target from $46 to $41.

UBS downgrades Western Digital (NYSE: WDC) from Buy to Neutral, price target lowered from $34 to $28.50.

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

NEW COVERAGE
Wells Fargo resumed coverage on Halliburton (NYSE: HAL) with an Outperform rating. Valuation range $35 - $37. Click Here for more color.

Macquarie initiates coverage on Teck Resources (NYSE: TCK) with an Outperform.

Wells Fargo initiated coverage on Transocean (NYSE: RIG) with an Outperform rating. Valuation range $70-72. Click Here for more color.

Molycorp. (NYSE: MCP) started by two firms today:

• Morgan Stanley initiates with an Overweight and $27 price target; and
  
  
• Stifel Nicolaus begins with a Hold rating.

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

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Related Entities

• Goldman Sachs Conviction Buy List
• Stifel Nicolaus
• UBS
• Citi
• Raymond James
• Morgan Stanley
• Merrill Lynch
• Soleil Securities
• Bank of America
• Notable Analyst Rating Changes

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