Notable Analyst Rating Changes 10/22: FFIV, FCX, LMT, MOT, NVLS Upgraded; CHK, SAP, STJ, NTRS, FIS downgraded

October 22, 2009 10:50 AM EDT

UPGRADES:
UBS upgrades F5 Networks (Nasdaq: FFIV) from Sell to Neutral. Price target increased to $47 from $29.

Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) to Buy. Price target increased from $72 to $100. Click Here for more color.

Buckingham Research upgrades shares of Lockheed Martin (NYSE: LMT) from Accumulate to Strong Buy.

Thomas Weisel upgrades Motorola (NYSE: MOT) from Marketweight to Overweight. Price target increased from $7 to $11.

Deutsche Bank upgrades Novellus Systems (Nasdaq: NVLS) to Hold. Price target increased from $13 to $18. For more color, Click Here.

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

DOWNGRADES:
Chesapeake Energy (NYSE: CHK) gets downgraded by UBS. The firm lowered its rating on Chesapeake from Buy to Neutral.

Bank of America downgrades SAP AG (NYSE: SAP) from Buy to Neutral.

FTN Equity downgrades St. Jude Medical (NYSE: STJ) from Buy to Neutral.

FTN Equity downgrades Northern Trust (Nasdaq: NTRS) from Buy to Neutral. Price target lowered from $65 to $55.

Duncan-Williams downgrades Fidelity National Information Services (NYSE: FIS) from Strong Buy to Buy. Price Target $28. Click Here for more color.

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

NEW COVERAGE:
Pali Research initiates coverage on Tenet Healthcare (NYSE: THC) with a Buy. Price target $8.25. For more color, Click Here.

Jesup & Lamont initiates coverage on Limited Brands (NYSE: LTD) with a Hold.

Pali Research initiates coverage on Health Management Associates (NYSE: HMA) with a Neutral. Click Here for more color.

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


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Stocks Mentioned

CHK 22.65

+0.34 +1.52%
Volume: 14,910,971
Track CHK

FCX 46.73

+0.25 +0.54%
Volume: 12,697,241
Track FCX

FFIV 125.00

+0.23 +0.18%
Volume: 1,038,202
Track FFIV

FIS 29.26

-0.14 -0.48%
Volume: 1,169,442
Track FIS

HMA 6.67

-0.11 -1.62%
Volume: 5,454,012
Track HMA

LMT 85.25

+0.66 +0.78%
Volume: 2,028,301
Track LMT

LTD 44.39

+0.13 +0.29%
Volume: 2,870,464
Track LTD

MOT 9.11

+0.00 +0.00%
Volume: 81,157
Track MOT

NTRS 44.15

+0.06 +0.14%
Volume: 1,790,022
Track NTRS

NVLS 47.97

-1.02 -2.08%
Volume: 2,938,869
Track NVLS

SAP 62.99

-0.18 -0.28%
Volume: 672,226
Track SAP

STJ 43.32

+0.81 +1.91%
Volume: 4,567,814
Track STJ

THC 5.94

-0.03 -0.50%
Volume: 15,647,428
Track THC


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