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 40.49

-0.69 -1.68%
Volume: 4,614,570
Track BHI

BJS 18.70

-0.24 -1.27%
Volume: 4,151,252
Track BJS

HGSI 27.38

+0.16 +0.59%
Volume: 5,929,911
Track HGSI

JPM 42.46

-0.09 -0.21%
Volume: 25,331,716
Track JPM

LAZ 38.81

-0.28 -0.72%
Volume: 396,359
Track LAZ

NVLS 20.96

+0.07 +0.34%
Volume: 4,626,830
Track NVLS

NYX 25.76

-0.31 -1.19%
Volume: 3,037,330
Track NYX

PBR 50.06

-0.98 -1.92%
Volume: 9,053,735
Track PBR

PCG 42.10

+0.57 +1.37%
Volume: 3,312,329
Track PCG

PRX 23.45

+0.00 +0.00%
Volume: 294,022
Track PRX

SCHW 18.25

-0.06 -0.33%
Volume: 5,899,128
Track SCHW

TRV 52.38

-0.30 -0.57%
Volume: 4,107,115
Track TRV

WMT 54.28

-0.26 -0.48%
Volume: 15,050,484
Track WMT

WY 37.86

-0.92 -2.37%
Volume: 1,981,712
Track WY


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