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 27.53

+13.27 +93.06%
Volume: 443,710
Track AEO

ANF 27.53

+2.10 +8.26%
Volume: 443,211
Track ANF

ANN 26.21

+17.82 +212.40%
Volume: 435,804
Track ANN

ARO 28.70

-6.50 -18.47%
Volume: 430,977
Track ARO

CBK 27.44

+20.53 +297.11%
Volume: 449,685
Track CBK

CBS 25.19

+18.25 +262.97%
Volume: 448,050
Track CBS

CHS 27.46

+17.58 +177.94%
Volume: 445,534
Track CHS

GPS 28.76

+12.72 +79.30%
Volume: 437,606
Track GPS

JCG 24.99

-1.49 -5.63%
Volume: 1,266,757
Track JCG

TLB 28.76

+23.36 +432.59%
Volume: 448,734
Track TLB

TXN 26.30

+4.70 +21.76%
Volume: 446,525
Track TXN

URBN 19.85

-0.84 -4.06%
Volume: 4,375,094
Track URBN

UTX 29.92

-22.36 -42.77%
Volume: 444,632
Track UTX

WFMI 17.97

-1.19 -6.21%
Volume: 2,043,467
Track WFMI

WSO 27.46

-21.59 -44.02%
Volume: 436,735
Track WSO

X 28.76

-6.03 -17.33%
Volume: 442,805
Track X

ZUMZ 7.88

-0.49 -5.85%
Volume: 370,416
Track ZUMZ


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