Notable Analyst Rating Changes 10/21: CBS, WSO, X Upgraded; TXN, UTX, WFMI Downgraded

October 21, 2008 10:48 AM EDT

UPGRADES:
Merrill Lynch upgrades CBS Corp (NYSE: CBS) from Underperform to Neutral.

Oppenheimer upgrades Watsco (NYSE: WSO) from Underperform to Perform.

Soleil Securities upgrades U.S. Steel (NYSE: X) from Hold to Buy but lowers their price target from $165 to $135

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

DOWNGRADES:
Deutsche Bank downgrades Texas Instruments (NYSE: TXN) from Buy to Hold. Price target lowered from $28 to $19.

Morgan Stanley downgrades United Technologies (NYSE: UTX) from Overweight to Equalweight.

Jefferies & Co downgrades Whole Foods Market (Nasdaq: WFMI) from Buy to Underperform.

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

NEW COVERAGE:
UBS initiates coverage on Aeropostale (NYSE: ARO) and Urban Outfitters (Nasdaq: URBN) with a Buy rating.

UBS initiates coverage on Abercrombie & Fitch (NYSE: ANF), American Eagle Outfitters (NYSE: AEO), Ann Taylor (NYSE: ANN), The Gap (NYSE: GPS), J. Crew (NYSE: JCG), Talbots (NYSE: TLB) and Zumiez (Nasdaq: ZUMZ) with a Neutral rating.

UBS initiates coverage on Chico's FAS (NYSE: CHS) and Christopher & Banks (NYSE: CBK) with a Sell rating.

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


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Stocks Mentioned

AEO 16.13

-0.12 -0.74%
Volume: 3,927,577
Track AEO

ANF 37.59

+0.06 +0.16%
Volume: 3,343,999
Track ANF

ANN 13.68

-0.30 -2.15%
Volume: 1,982,514
Track ANN

ARO 34.02

+0.28 +0.83%
Volume: 4,074,107
Track ARO

CBK 6.35

-0.19 -2.91%
Volume: 495,113
Track CBK

CBS 13.21

+0.16 +1.23%
Volume: 11,291,334
Track CBS

CHS 13.29

+0.16 +1.22%
Volume: 2,783,788
Track CHS

GPS 22.70

+0.02 +0.09%
Volume: 8,494,356
Track GPS

JCG 42.91

-0.24 -0.56%
Volume: 1,428,712
Track JCG

TLB 8.72

-0.07 -0.80%
Volume: 594,375
Track TLB

TXN 25.33

+0.28 +1.12%
Volume: 14,686,058
Track TXN

URBN 32.27

-0.50 -1.53%
Volume: 3,859,759
Track URBN

UTX 66.97

+0.24 +0.36%
Volume: 3,408,917
Track UTX

WFMI 28.19

-0.38 -1.33%
Volume: 2,779,939
Track WFMI

WSO 52.65

+0.14 +0.27%
Volume: 108,498
Track WSO

X 39.30

+1.22 +3.20%
Volume: 12,488,897
Track X

ZUMZ 12.28

+0.14 +1.15%
Volume: 520,100
Track ZUMZ


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