Notable Analyst Rating Changes 10/3: COST, CS, CSX, URBN Upgraded; CMI, WAG, SGP, SCG Downgraded

October 3, 2008 10:10 AM EDT

UPGRADES:
Goldman Sachs upgrades Costco (Nasdaq: COST) from Neutral to Buy and adds the stock to its Conviction Buy List, citing valuation and market share gains as the economy falters.

Goldman Sachs upgrades Credit Suisse Group (NYSE: CS) from Neutral to Buy and added the stock to their Conviction Buy List.

JP Morgan upgrades CSX Corp. (NYSE: CSX) from Neutral to Overweight.

DA Davidson upgrades Urban Outfitters (Nasdaq: URBN) from Neutral to Buy.

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

DOWNGRADES:
Wachovia downgrades Cummins Inc. (NYSE: CMI) to Market Perform and lowering valuation range to $43-46 from $83-86.

Morgan Stanley downgrades Walgreen (NYSE: WAG) from Overweight to Equalweight.

Merrill Lynch downgrades Schering-Plough (NYSE: SGP) from Buy to Underperform

Merrill Lynch downgrades SCANA (NYSE: SCG) from Neutral to Underperform.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on Gilead Sciences (Nasdaq: GILD) with a Neutral.

Jefferies & Co. initiates coverage on The TJX Companies (NYSE: TJX) with a Buy rating.

Banc of America initiates coverage on Kraft Foods (NYSE: KFT) with a Buy rating.

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


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Stocks Mentioned

CMI 47.16

+2.26 +5.03%
Volume: 3,174,951
Track CMI

COST 60.73

+0.82 +1.37%
Volume: 4,418,544
Track COST

CS 53.52

+1.11 +2.12%
Volume: 682,956
Track CS

CSX 48.82

+1.34 +2.82%
Volume: 3,824,343
Track CSX

GILD 46.40

+0.29 +0.63%
Volume: 9,316,808
Track GILD

KFT 26.50

-0.08 -0.30%
Volume: 10,530,284
Track KFT

SCG 35.81

+0.61 +1.73%
Volume: 630,984
Track SCG

SGP 28.15

+0.00 +0.00%
Volume: 90,956,831
Track SGP

TJX 38.52

+0.14 +0.36%
Volume: 4,696,188
Track TJX

URBN 32.85

+1.21 +3.82%
Volume: 4,058,593
Track URBN

WAG 39.37

+0.48 +1.23%
Volume: 5,743,697
Track WAG


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