Notable Analyst Rating Changes 10/02: AAPL, INTC, USB, BBT, CMCSA, WYNN, COST Upgraded; NOK, LTM, PNC Downgraded

October 2, 2009 10:58 AM EDT

UPGRADES:
UBS upgrades Apple (Nasdaq: AAPL) from Neutral to Buy, citing higher iPhone expectations. The firm also raised its price target from $170 to $265. This new target represents the new "Street high". Click here for more color.

Oppenheimer upgrades Intel Corporation (Nasdaq: INTC) from Market Perform to Outperform with a $28 price target.

KBW upgraded shares of US Bancorp (NYSE: USB) and BB&T (NYSE: BBT) from Market Perform to Outperform, citing valuation and strategic opportunities. The firm raised its price target on US Bancorp from $21 to $28 and its target on BB&T from $28 to $33.

Wells Fargo upgrades Comcast (Nasdaq: CMCSA) from Market Perform to Outperform. Valuation range increased to $19-21 from $15-18. Click here to see more color on the upgrade.

Just one day after initiating coverage at a Hold, Soleil has upgraded shares of Wynn Resorts (Nasdaq: WYNN) from Hold to Buy this morning. The firm maintained its $80 price target. Click here for the full report.

Robert W. Baird upgrades Costco Wholesale (Nasdaq: COST) from Neutral to Outperform. The firm also raised its price target from $53 to $65.

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

DOWNGRADES:
Piper Jaffray & Co. downgrades Nokia Corporation (NYSE: NOK) to Neutral. Price target lowered from $16 to $14. Click here to see more color on the downgrade.

Oppenheimer downgrades Life Time Fitness (NYSE: LTM) from Outperform to Perform. Price target increased from $27 to $30.

KBW downgraded shares of PNC Financial (NYSE: PNC) from Market Perform to Underperform and raised the stock's price target from $33 to $39.

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

NEW COVERAGE:
Janney Montgomery Scott analyst initiated coverage on First Solar (Nasdaq: FSLR) with a Buy rating, SunPower (Nasdaq: SPWRA) with a Buy rating, Suntech (NYSE: STP) with a Neutral rating and Yingli Green Energy (NYSE: YGE) with a Neutral rating.

Auriga initiates coverage on Cavium Networks (Nasdaq: CAVM) with a Buy rating and $27 price target. 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

AAPL 204.44

-1.44 -0.70%
Volume: 11,371,372
Track AAPL

BBT 25.08

+0.01 +0.04%
Volume: 3,896,096
Track BBT

CAVM 20.56

-0.02 -0.10%
Volume: 221,883
Track CAVM

CMCSA 15.12

+0.03 +0.20%
Volume: 26,616,267
Track CMCSA

COST 60.51

-0.06 -0.10%
Volume: 2,577,965
Track COST

FSLR 119.25

-2.17 -1.79%
Volume: 1,474,568
Track FSLR

INTC 19.39

-0.01 -0.05%
Volume: 52,433,607
Track INTC

LTM 23.11

-0.73 -3.06%
Volume: 425,614
Track LTM

NOK 13.34

-0.09 -0.67%
Volume: 16,564,920
Track NOK

PNC 56.78

+0.18 +0.32%
Volume: 3,108,322
Track PNC

SPWRA 20.90

-0.16 -0.76%
Volume: 1,761,847
Track SPWRA

STP 14.66

-0.86 -5.54%
Volume: 4,176,097
Track STP

USB 23.73

+0.18 +0.76%
Volume: 12,573,290
Track USB

WYNN 63.02

-0.76 -1.19%
Volume: 1,726,456
Track WYNN

YGE 13.03

-0.83 -5.99%
Volume: 4,134,203
Track YGE


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