Notable Analyst Rating Changes 10/23: WFMI, BG, ADM, CRM Upgraded; SNDK, CNW, FCX, LOGI Downgraded

October 23, 2008 10:21 AM EDT

UPGRADES:
UBS upgrades Whole Foods (Nasdaq: WFMI) from Sell to Neutral. Price target $13.

Barclays upgrades Bunge Ltd (NYSE: BG) from Underweight to Equalweight.

Barclays upgrades Archer Daniels Midland (NYSE: ADM) from Underweight to Equalweight.

Jefferies & Co upgrades Salesforce.com (NYSE: CRM) from Underperform to Hold.

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

DOWNGRADES:
JP Morgan downgrades SanDisk (Nasdaq: SNDK) from Neutral to Underweight.

Baird downgrades Con-way (NYSE: CNW) from Outperform to Neutral. Price target dropped from $53 to $38.

Goldman Sachs downgrades Freeport-McMoRan (NYSE: FCX) from Buy to Neutral.

Citi downgrades Logitech International (Nasdaq: LOGI) from Buy to Hold.

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

NEW COVERAGE:
Morgan Stanley initaites coveage on Marvell Tech (Nasdaq: MRVL) with an Equal Weight rating.

Banc of America initiates coverage on AK Steel Holding Corp. (NYSE: AKS) with a Sell rating.

Oppenheimer initiates coverage on Urban Outfitters (Nasdaq: URBN) with an Outperform.

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


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Stocks Mentioned

ADM 32.61

+0.15 +0.46%
Volume: 6,204,562
Track ADM

AKS 17.41

-0.24 -1.36%
Volume: 6,099,131
Track AKS

BG 58.55

+0.55 +0.95%
Volume: 2,702,385
Track BG

CNW 31.46

+1.40 +4.66%
Volume: 1,848,679
Track CNW

CRM 63.67

+0.18 +0.28%
Volume: 1,586,987
Track CRM

FCX 82.57

-0.63 -0.76%
Volume: 15,444,599
Track FCX

LOGI 18.07

-0.02 -0.11%
Volume: 391,506
Track LOGI

MRVL 15.46

+0.22 +1.44%
Volume: 10,999,899
Track MRVL

SNDK 21.32

-0.50 -2.29%
Volume: 5,147,312
Track SNDK

URBN 32.77

+0.08 +0.24%
Volume: 2,612,976
Track URBN

WFMI 28.57

+0.05 +0.18%
Volume: 2,953,386
Track WFMI


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