Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 37.54

+0.75 +2.04%
Volume: 10,682,919
Track AXP

BHP 71.16

+3.26 +4.80%
Volume: 5,456,703
Track BHP

FITB 11.47

+0.08 +0.70%
Volume: 18,607,760
Track FITB

HBC 51.45

+1.14 +2.27%
Volume: 4,167,262
Track HBC

HRB 21.12

+0.16 +0.76%
Volume: 2,954,895
Track HRB

INTU 29.31

-0.05 -0.17%
Volume: 3,876,938
Track INTU

KBH 15.70

+0.25 +1.62%
Volume: 4,483,296
Track KBH

MSFT 28.01

+0.29 +1.05%
Volume: 59,121,242
Track MSFT

NE 40.37

+1.43 +3.67%
Volume: 4,853,405
Track NE

PBI 22.28

+0.19 +0.86%
Volume: 2,957,618
Track PBI

RTP 200.28

+12.70 +6.77%
Volume: 1,355,061
Track RTP

SLB 63.76

+1.64 +2.64%
Volume: 9,163,235
Track SLB

STI 22.69

+0.29 +1.29%
Volume: 5,773,034
Track STI

URBN 31.85

+0.94 +3.04%
Volume: 4,497,389
Track URBN

USB 23.49

+0.00 +0.00%
Volume: 13,742,785
Track USB


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