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 15.56

+0.00 +0.00%
Volume: 8,118,517
Track AEO

ANF 36.21

+0.00 +0.00%
Volume: 13,449,142
Track ANF

ANN 14.60

+0.00 +0.00%
Volume: 2,678,761
Track ANN

ARO 28.95

+0.00 +0.00%
Volume: 15,212,835
Track ARO

CBK 5.80

+0.00 +0.00%
Volume: 128,246
Track CBK

CBS 12.77

+0.00 +0.00%
Volume: 10,124,656
Track CBS

CHS 13.87

+0.00 +0.00%
Volume: 2,779,411
Track CHS

GPS 21.44

+0.00 +0.00%
Volume: 11,601,956
Track GPS

JCG 42.64

+0.00 +0.00%
Volume: 1,906,924
Track JCG

TLB 6.62

+0.00 +0.00%
Volume: 904,056
Track TLB

TXN 26.44

+0.00 +0.00%
Volume: 14,466,653
Track TXN

URBN 32.48

+0.00 +0.00%
Volume: 4,176,873
Track URBN

UTX 67.26

+0.00 +0.00%
Volume: 3,787,570
Track UTX

WFMI 25.69

+0.00 +0.00%
Volume: 1,810,177
Track WFMI

WSO 50.86

+0.00 +0.00%
Volume: 217,096
Track WSO

X 44.95

+0.00 +0.00%
Volume: 9,470,728
Track X

ZUMZ 11.63

+0.00 +0.00%
Volume: 698,707
Track ZUMZ


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