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Notable Analyst Rating Changes 10/17: (CAT) (CMI) (PG) Upgraded; (AAPL) (MMI) (AA) Downgraded

October 17, 2011 11:12 AM EDT
UPGRADES
Goldman Sachs raises Caterpillar (NYSE: CAT) from Neutral to Buy with a price target of $98. Click Here for more color.

Jefferies upgrades Cummins (NYSE: CMI) to Buy with a price target of $115. Click Here for more color.

BMO Capital lifts Procter & Gamble (NYSE: PG) from Market Perform to Outperform, its price target raised from $71 to $75.

Raymond James raises Precision Drilling (NYSE: PDS) from Outperform to Strong Buy.

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

DOWNGRADES
BGC cuts Apple (Nasdaq: AAPL) from Buy to Hold, maintaining a $450 price target. Click Here for more color.

Motorola Mobility Holdings (NYSE: MMI) lowered at two firms:
  • Raymond James from Strong Buy to Underperform; and

  • Avian Securities from Positive to Neutral.
First Global downgrades Alcoa (NYSE: AA) to Market Underperform. Click Here for more color.

Deutsche Bank reduces Interpublic Group (NYSE: IPG) to Hold with a price target of $9.50.

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

NEW COVERAGE
Mizuho Securities initiates Youku.com (NYSE: YOKU) with a Buy, and $24 price target.

Deutsche Bank starts LyondellBasell Industries (NYSE: LYB) with a Buy, and $40 price target. Click Here for more color.

Sterne Agee begins Tiffany & Co. (NYSE: TIF) at Buy, with a $90 price target.

Davenport assumes Arch Coal Inc (NYSE: ACI) with a Neutral, and $20 price target.

Maxim Group initiates SINA Corporation (Nasdaq: SINA) with a Sell, and $72 price target.

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

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Deutsche Bank, Raymond James, Jefferies & Co, Davenport, BMO Capital, Sterne Agee, Maxim Group, Notable Analyst Rating Changes