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 31.59

+0.25 +0.80%
Volume: 4,627,054
Track ADM

AKS 19.38

-0.76 -3.77%
Volume: 14,337,012
Track AKS

BG 65.40

+0.50 +0.77%
Volume: 1,286,712
Track BG

CNW 32.62

+0.80 +2.51%
Volume: 1,077,541
Track CNW

CRM 65.95

+1.26 +1.95%
Volume: 1,462,495
Track CRM

FCX 79.87

-3.93 -4.69%
Volume: 22,227,276
Track FCX

LOGI 16.31

-0.14 -0.85%
Volume: 774,262
Track LOGI

MRVL 18.06

+1.53 +9.26%
Volume: 27,745,183
Track MRVL

SNDK 21.94

+0.51 +2.38%
Volume: 6,508,521
Track SNDK

URBN 33.10

+0.62 +1.91%
Volume: 4,290,360
Track URBN

WFMI 26.20

+0.51 +1.99%
Volume: 2,004,825
Track WFMI


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