Notable Analyst Rating Changes 10/27: CHL, PEP, TROW Upgraded; NCC, X, NT, CAT Downgraded
UPGRADES:
J.P. Morgan upgrades China Mobile Ltd (NYSE: CHL) from Underweight to Neutral.
Deutsche Bank upgrades PepsiCo (NYSE: PEP) to Buy. Price target $65.
Wachovia and KBW upgrade T. Rowe Price (Nasdaq: TROW) to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citi downgrades National City Corp (NYSE: NCC) from Buy to Hold, removes from Tops Picks List.
UBS downgrades U.S. Steel (NYXE: X) from Buy to Sell, citing concerns about earnings due to high fixed costs as steel prices fall. UBS lowered its price target on U.S. Steel from $60 to $30.
UBS downgrades Nortel (NYSE: NT) from Buy to Neutral. The firm cut its price target from $3.25 to $1.30.
Merrill Lynch downgrades Caterpillar (NYSE: CAT) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
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