Notable Analyst Rating Changes 10/08: BMY, NUE, SYMC Upgraded; TM, X, UPS, F, GM Downgraded

October 8, 2008 10:02 AM EDT

UPGRADES:
Merrill Lynch upgrades Bristol-Myers Squibb Co. (NYSE: BMY) from Underperform to Buy, citing valuation.

Morgan Stanley upgrades Nucor (NYSE: NUE) from Equal-weight to Overweight.

J.P. Morgan upgrades Symantec (Nasdaq: SYMC) from Neutral to Overweight.

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

DOWNGRADES:
Citi downgrades Toyota Motor (NYSE: TM) from Buy to Sell.

Morgan Stanley downgrades U.S. Steel (NYSE: X) from Overweight to Equal-Weight, citing a cyclical slowdown.

Merrill Lynch downgrades UPS (NYSE: UPS) from Buy to Neutral.

Citi downgrades Ford Motor (NYSE: F) and General Motors (NYSE: GM) from Hold to Sell.

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

NEW COVERAGE:
Oppenheimer initiates coverage on Myriad Genetics (Nasdaq: MYGN) with an Outperform rating. Price target $92.

BMO Capital initiates coverage on Calpine (NYSE: CPN) with a Market Perform. Price target $11.

Cowen & Co resumes coverage on Abercrombie & Fitch (NYSE: ANF) with a Neutral.

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


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Stocks Mentioned

ANF 16.58

-0.24 -1.43%
Volume: 5,572,552
Track ANF

BMY 21.70

+1.42 +7.00%
Volume: 26,572,831
Track BMY

CPN 8.43

+0.07 +0.84%
Volume: 2,807,528
Track CPN

F 2.85

+0.15 +5.56%
Volume: 152,560,836
Track F

GM 4.90

+0.05 +1.03%
Volume: 28,310,507
Track GM

MYGN 59.79

+0.69 +1.17%
Volume: 1,142,209
Track MYGN

NUE 32.24

-0.44 -1.35%
Volume: 6,636,590
Track NUE

SYMC 11.92

+0.33 +2.85%
Volume: 13,691,920
Track SYMC

TM 61.86

-0.09 -0.15%
Volume: 1,392,152
Track TM

UPS 56.73

+1.54 +2.79%
Volume: 6,825,528
Track UPS

X 27.63

+0.14 +0.51%
Volume: 6,497,500
Track X


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