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Notable Analyst Rating Changes 10/21: CAT, CSCO, SYK, FRX Upgraded; LMT, EAT, NVS Downgraded

October 21, 2009 10:59 AM EDT
UPGRADES:
Goldman Sachs upgrades Caterpillar, Inc. (NYSE: CAT) from Sell to Neutral with a $64 price target.

Wedbush upgrades Cisco Systems (Nasdaq: CSCO) to Outperform. Price target increased from $25 to $28. Click Here for more color.

Bank of America upgrades Stryker (NYSE: SYK) from Underperform to Neutral.

Cowen & Co upgrades Forest Laboratories (NYSE: FRX) from Neutral to Outperform.

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

DOWNGRADES:
Morgan Keegan downgrades Lockheed Martin (NYSE: LMT) from Outperform to Market Perform. Collins Stewart downgrades Lockheed Martin (NYSE: LMT) to Hold. Click Here for more color.

Goldman Sachs downgrades Brinker International (NYSE: EAT) from Buy to Neutral. Lowers price target from $19 to $17. Click Here for more color.

Morgan Stanley downgrades Novartis (NYSE: NVS) from Overweight to Equalweight.

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

NEW COVERAGE:
FBR Capital initiates coverage on Barclays (NYSE: BCS) with an Outperform and a 488p price target.

RBC Capital initiates coverage on The Travelers (NYSE: TRV) with an Outperform rating. Price target $54.

Barclays initiates coverage on Stryker (NYSE: SYK) with an Underweight rating.

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

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Morgan Stanley, Bank of America, RBC Capital, Collins Stewart, Barclays, Morgan Keegan & Company, Notable Analyst Rating Changes, Cowen & Co, Life, Style and Real Estate

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