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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Related Entities

• Deutsche Bank
• UBS
• Morgan Stanley
• Jefferies & Co
• Merrill Lynch
• Soleil Securities
• Notable Analyst Rating Changes

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