Notable Analyst Rating Changes 10/13: PKX, DRYS, YHOO, AMD, PHG Upgrade; GS, VPRT, SVU, GAP, SWY, DRIV Downgrade

October 13, 2009 10:46 AM EDT

UPGRADES:
Goldman Sachs upgraded POSCO (NYSE: PKX) to Buy and added the stock to their Conviction Buy List with a $150 price target.

Lazard Capital Markets upgrades shares of DryShips (Nasdaq: DRYS) from Hold to Buy.

Benchmark upgrades Yahoo! (Nasdaq: YHOO) from Hold to Buy. Price target raised from $16 to $20. For more color Click Here

JMP Securities upgrades Advanced Micro Devices (NYSE: AMD) from Underperform to Market Perform.

RBS upgrades Philips Electronics (NYSE: PHG) from Hold to Buy. BNP Paribas upgrades Philips Electronics from Underperform to Neutral.

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

DOWNGRADES:
Meredith Whitney Advisory downgrades Goldman Sachs (NYSE: GS) from Buy to Neutral, with a $186 price target.

Goldman Sachs downgrades VistaPrint (Nasdaq: VPRT) from Buy to Neutral and lowers their price target from $52 to $47.

Pali Research downgrades SUPERVALU (NYSE: SVU) & Great Atlantic & Pacific Tea Co (NYSE: GAP) from Neutral to SELL and lowering estimates ahead of the upcoming earnings reports. Pali also lowered estimates on SELL rated Safeway (NYSE: SWY). For more color Click Here

RBC downgrades Digital River (Nasdaq: DRIV) from Outperform to Sector Perform. Price target halved to $22. First Analysis also downgrades Digital River from Overweight to Equalweight.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Citigroup (NYSE: C) with a Buy rating and $5.50 price target. For more color, Click Here

UBS initiates coverage on Coach (NYSE: COH) with a Neutral rating. Price target $37.

Auriga initiates coverage on F5 Networks (Nasdaq: FFIV) with a Buy. Price target $48.

J.P. Morgan initiates coverage on J.M. Smucker (NYSE: SJM) with a Neutral rating.

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


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Stocks Mentioned

AMD 6.95

-0.10 -1.42%
Volume: 28,226,658
Track AMD

C 4.20

-0.06 -1.41%
Volume: 124,410,946
Track C

COH 33.79

-0.13 -0.38%
Volume: 5,895,011
Track COH

DRIV 26.04

-0.18 -0.69%
Volume: 673,319
Track DRIV

DRYS 6.29

-0.24 -3.68%
Volume: 73,029,414
Track DRYS

FFIV 46.91

-1.46 -3.02%
Volume: 1,387,236
Track FFIV

GAP 11.39

+0.53 +4.88%
Volume: 742,770
Track GAP

GS 170.01

-2.82 -1.63%
Volume: 8,821,894
Track GS

PHG 26.76

-0.44 -1.62%
Volume: 311,262
Track PHG

PKX 118.96

-0.39 -0.33%
Volume: 296,844
Track PKX

SJM 56.35

+2.87 +5.37%
Volume: 3,456,085
Track SJM

SVU 14.94

-0.19 -1.26%
Volume: 3,751,246
Track SVU

SWY 22.62

+0.12 +0.53%
Volume: 5,326,349
Track SWY

VPRT 49.80

-1.19 -2.33%
Volume: 756,833
Track VPRT

YHOO 15.38

-0.23 -1.47%
Volume: 16,128,912
Track YHOO


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