Notable Analyst Rating Changes 10/15: JPM, PCG, NVLS, PRX Upgrade; BJS, BHI, SCHW, AZ, TRV, LAZ Downgrade

October 15, 2009 10:44 AM EDT

UPGRADES:
Fox-Pitt upgrades JPMorgan Chase (NYSE: JPM) from In-line to Outperform. Price target increased to $55 from $38.

UBS upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

Citi upgrades Novellus (Nasdaq: NVLS) from Hold to Buy. Price target increased from $19.50 to $27.

Barclays is upgrading Per Pharmaceuticals (NYSE: PRX) to Overweight from Equal Weight with a $30 target (prev. $18). Click Here for more color.

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

DOWNGRADES:
Citi downgrades BJ Services (NYSE: BJS) from Hold to Sell. Price target lowered from $16 to $14.

Citi downgrades Baker Hughes (NYSE: BHI) from Hold to Sell. Price target $39.

BofA Merrill Lynch downgrades Charles Schwab (Nasdaq: SCHW) from Buy to Neutral. The firm maintained its $23.50 price target.

Bank of American downgrades Allianz (NYSE: AZ) from Buy to Neutral.

Keefe, Bruyette & Woods downgrades The Travelers Companies (NYSE: TRV) to Market Perform. Price target $51.

Oppenheimer downgrades Lazard Ltd (NYSE: LAZ) from Outperform to Perform. Price target $45.

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

NEW COVERAGE:
Goldman Sachs resumes coverage on Human Genome Sciences, Inc. (Nasdaq: HGSI) with a Buy rating and $24 price target.

Standpoint Research initiates coverage on Wal-Mart (NYSE: WMT) with a Buy. Price target $60.

Bernstein initiates coverage on Petroleo Brasileiro (Petrobras) (NYSE: PBR) with an Outperform rating. Price target $56.

RBC initiates coverage on Weyerhaeuser (NYSE: WY) with a Sector Perform rating. Price target $38.

Susquehanna initiates coverage on NYSE Euronext (NYSE: NYX) with a Neutral rating.

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


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Stocks Mentioned

AZ 12.45

+0.00 +0.00%
Volume: 1,480,532
Track AZ

BHI 45.97

+1.42 +3.19%
Volume: 3,822,460
Track BHI

BJS 20.94

+0.61 +3.00%
Volume: 5,987,120
Track BJS

HGSI 26.69

+0.93 +3.61%
Volume: 2,430,391
Track HGSI

JPM 38.48

+0.78 +2.07%
Volume: 30,155,097
Track JPM

LAZ 36.60

-0.22 -0.60%
Volume: 481,371
Track LAZ

NVLS 21.89

+0.41 +1.91%
Volume: 1,432,105
Track NVLS

NYX 23.67

+1.17 +5.20%
Volume: 4,606,958
Track NYX

PBR 40.08

+1.88 +4.92%
Volume: 15,240,296
Track PBR

PCG 41.84

+0.51 +1.23%
Volume: 1,130,351
Track PCG

PRX 24.79

-0.60 -2.36%
Volume: 1,301,346
Track PRX

SCHW 17.53

-0.19 -1.07%
Volume: 9,073,397
Track SCHW

TRV 49.70

+0.65 +1.33%
Volume: 3,163,723
Track TRV

WMT 53.33

+0.40 +0.76%
Volume: 6,076,044
Track WMT

WY 39.96

+0.71 +1.81%
Volume: 1,050,713
Track WY


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