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 28.76

+1.21 +4.39%
Volume: 440,318
Track ADM

AKS 25.08

+6.04 +31.72%
Volume: 440,420
Track AKS

BG 28.77

-32.82 -53.29%
Volume: 438,239
Track BG

CNW 28.67

-7.66 -21.08%
Volume: 440,190
Track CNW

CRM 29.82

-9.09 -23.36%
Volume: 436,244
Track CRM

FCX 29.87

-20.70 -40.93%
Volume: 446,558
Track FCX

LOGI 14.03

+0.04 +0.29%
Volume: 1,068,452
Track LOGI

MRVL 11.67

-0.07 -0.60%
Volume: 9,181,899
Track MRVL

SNDK 14.19

-0.68 -4.57%
Volume: 3,402,117
Track SNDK

URBN 19.85

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

WFMI 17.97

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


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