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Notable Analyst Rating Changes 09/29: CPE, ENDP, SCS, SPIL Upgraded; AZN, JCG, AMGN, WBSN Downgraded

September 29, 2010 10:59 AM EDT
CPE Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)
UPGRADES
Jefferies upgrades Callon Petroleum Co. (NYSE: CPE) from Underperform to Hold.

Endo Pharmaceuticals (Nasdaq: ENDP) upgraded by two today:
  • Citi from Hold to Buy with a price target increased from $28 to $40; and

  • Oppenheimer from Perform to Outperform, with a price target of $40.
Longbow Research upgrades Steelcase (NYSE: SCS) from Neutral to Buy, with an $11 price target.

BofA Merrill upgrades Siliconware Precision (Nasdaq: SPIL) from Underperform to Buy.

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

DOWNGRADES
RBS downgrades AstraZeneca PLC (NYSE: AZN) from Buy to Hold.

Janney Montgomery Scott downgrades J. Crew Group, Inc. (NYSE: JCG) from Buy to Neutral. Click Here for more color.

Miller Tabak downgrades Amgen (Nasdaq: AMGN) from Neutral to Sell, with a price target of $46. Click Here for more color.

Morgan Stanley downgrades Websense (Nasdaq: WBSN) from Equal Weight to Underweight.

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

NEW COVERAGE
Goldman Sachs initiated coverage on The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) with a Buy rating and $56 six-month price target. Click Here for more color.

Jefferies initiates coverage on Boston Scientific (NYSE: BSX) with a Hold rating and $7 price target. Click Here for more color.

Kaufman Bros initiates coverage on Laboratory Corp. of America Holdings (NYSE: LH) with a Hold rating and $85 price target.

Susquehanna starts Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) with a Neutral and $9 target.

Lazard Capital initiates coverage on Thermo Fisher Scientific (NYSE: TMO) with a Hold rating.

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

Click here to go to our new RATINGS CENTRAL page, a comprehensive list of analyst rating changes for the day (continuously updated).


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Kaufman Bros., Citi, Morgan Stanley, Jefferies & Co, Bank of America, Lazard, Janney Montgomery Scott, Longbow Research, Susquehanna International Group of Companies, Notable Analyst Rating Changes

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