Notable Analyst Rating Changes 10/19: AXP, NOV, EL, DKS Upgrade; FNM/FRE, ANF, MAT, LUV Downgrade

October 19, 2009 11:11 AM EDT

UPGRADES:
FBR Research upgrades American Express (NYSE: AXP) from Underperform to Market Perform. Price target increased from $25 to $37. Click Here for more color.

Raymond James upgrades National Oilwell Varco (NYSE: NOV) from Strong Buy to Outperform.

RBC Capital upgrades Estee Lauder (NYSE: EL) from Underperform to Sector Perform.

Piper Jaffray upgrades Dick's Sporting Goods (NYSE: DKS) from Underweight to Neutral. Price target increased from $18 to $28. Click Here for more color.

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

DOWNGRADES:
Keefe, Bruyette, and Woods downgrades both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Underperform and cut their price targets to $0. Click Here for more color.

Brean Murray downgrades Abercrombie & Fitch (NYSE: ANF) from Hold to Sell.

Morgan Joseph downgrades Mattel (NYSE: MAT) to Hold. Click Here for more color.

JP Morgan downgrades Southwest Airlines (NYSE: LUV) to Underweight.

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

NEW COVERAGE:
Barclays resumes coverage on Pfizer (NYSE: PFE) with an Overweight rating. Price target $21.

Citi initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy rating. Price target $21.

RBC Capital initiates coverage on Terex (NYSE: TEX) with an Outperform rating.

Wells Fargo resumes coverage on CenturyTel, Inc. (NYSE: CTL) with an Outperform rating. Valuation Range $38-40. Click Here for more coverage.

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


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Stocks Mentioned

ANF 44.67

-0.40 -0.89%
Volume: 2,016,134
Track ANF

AXP 52.07

+0.26 +0.50%
Volume: 3,631,888
Track AXP

CTL 38.08

+0.06 +0.16%
Volume: 4,748,442
Track CTL

DKS 44.34

+0.17 +0.38%
Volume: 1,825,998
Track DKS

EL 55.50

-1.40 -2.46%
Volume: 3,599,572
Track EL

FNM 0.25

+0.00 +0.00%
Volume: 5,243,486
Track FNM

FRE 0.34

+0.00 +0.00%
Volume: 1,209,627
Track FRE

LUV 9.72

+0.10 +1.04%
Volume: 4,540,103
Track LUV

MAT 32.40

+0.23 +0.71%
Volume: 7,738,153
Track MAT

MRVL 15.94

-0.11 -0.69%
Volume: 8,576,521
Track MRVL

NOV 82.60

-0.06 -0.07%
Volume: 3,271,648
Track NOV

PFE 21.30

+0.25 +1.19%
Volume: 29,544,520
Track PFE

TEX 23.73

+1.26 +5.61%
Volume: 4,453,003
Track TEX


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