Notable Analyst Rating Changes 10/06: GS, PTV, KOF, AMX, GLW, GIS Upgraded; DVN, CHK, REP

October 6, 2009 10:54 AM EDT

UPGRADES:
CLSA's Mike Mayo has upgraded shares of Goldman Sachs (NYSE: GS) two-notches from Underperform to Outperform this morning, also raising his price target from $194 to $230.

Goldman Sachs upgrades Pactiv (NYSE: PTV) from Neutral to Buy with a $35 price target. The firm expects PTV TO grow EPS in 2010 on stronger volumes and gross margins and said valuation is compelling.

Bank of America upgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Buy. Price target lowered from $61.50 to $50.

Citi and Bank of America upgrade America Movil (NYSE: AMX) to Buy.

UBS upgrades Corning (NYSE: GLW) from Neutral to Buy. Price target $19.

Morgan Stanley upgrades General Mills (NYSE: GIS) from Equalweight to Overweight. Price target increased from $64 to $72.

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

DOWNGRADES:
Credit Suisse downgrades Devon Energy (NYSE: DVN) from Neutral to Underperform.

Credit Suisse downgrades Chesapeake Energy (NYSE: CHK) to Underperform. Price target increased to $24.

Citi downgrades Repsol YPF (NYSE: REP) from Hold to Sell.

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

NEW COVERAGE:
Sanford C. Bernstein has initiated coverage on shares of Research In Motion (Nasdaq: RIMM) with an Underperform rating this afternoon. The analyst also set a $60 price target

Bernstein initiates coverage on American Express (NYSE: AXP) with a Market Perform rating. Price target $34.

Citi initiates coverage on Tiffany (NYSE: TIF) with a Buy rating. Price target $50.

RBC initiates coverage on tw telecom (Nasdaq: TWTC) with an Outperform rating.

Jesup & Lamont initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy. Price target $36. Click here to see more color on the new coverage.

Ameriprise Financial initiates coverage on Dell Inc. (Nasdaq: DELL) with a Buy rating.

Bank of America reinstates coverage on Charles Schwab (Nasdaq: SCHW) with a Buy. Price target $23.50.

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


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Stocks Mentioned

AMX 48.04

+1.03 +2.19%
Volume: 2,498,446
Track AMX

ANF 39.34

-0.39 -0.98%
Volume: 3,217,270
Track ANF

AXP 41.63

+0.70 +1.71%
Volume: 11,753,165
Track AXP

CHK 23.20

+0.17 +0.74%
Volume: 13,412,344
Track CHK

DELL 14.79

+0.50 +3.50%
Volume: 41,151,904
Track DELL

DVN 67.93

+0.43 +0.64%
Volume: 4,120,852
Track DVN

GIS 68.34

+0.40 +0.59%
Volume: 1,655,695
Track GIS

GLW 16.49

+0.08 +0.49%
Volume: 11,437,370
Track GLW

GS 172.00

+1.99 +1.17%
Volume: 7,931,064
Track GS

KOF 55.86

+0.74 +1.34%
Volume: 108,742
Track KOF

PTV 24.12

+0.62 +2.64%
Volume: 2,678,570
Track PTV

REP 27.78

+0.46 +1.68%
Volume: 212,987
Track REP

RIMM 60.00

+0.28 +0.47%
Volume: 14,056,575
Track RIMM

SCHW 18.20

-0.05 -0.27%
Volume: 6,994,690
Track SCHW

TIF 41.81

+0.51 +1.23%
Volume: 1,958,313
Track TIF

TWTC 14.89

+0.25 +1.71%
Volume: 339,361
Track TWTC


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