Notable Analyst Rating Changes 10/8: RAX, CLX, EBAY, GME, MWW, AUY Upgrade; TTM, LLL, PLCM Downgrade

October 8, 2009 10:20 AM EDT

UPGRADES:
Goldman Sachs upgrades Rackspace (NYSE: RAX) from Neutral to Buy and raised its price target from $16 to $23. Click here for more color.

Deutsche Bank upgrades Clorox (NYSE: CLX) to Buy. Click here for more color.

Kaufman Bros. upgrades eBay (Nasdaq: EBAY) from Hold to Buy, raises PT to $29 (from $22). Click here for more color.

Wedbush Morgan upgrades GameStop (NYSE: GME) from Neutral to Outperform. Price target increased from $29 to $34. Click here for more color.

J.P. Morgan upgrades Monster Worldwide (NYSE: MWW) from Neutral to Overweight. Price target doubled to $24.

TD Newcrest, BMO, and Scotia upgrades Yamana Gold (NYSE: AUY) from to Buy, Outperform, and Sector Outferform, respectively.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank downgrades Tata Motors Ltd (NYSE: TTM) to Hold.

Goldman Sachs downgraded L-3 (NYSE: LLL) from Neutral to its Conviction Sell List and lowered their downside price target from $71 to $66, representing 15% downside.

Wedbush Morgan downgrades Polycom (Nasdaq: PLCM) from Outperform to Neutral. Click here for more color.

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

NEW COVERAGE:
Deutsche Bank has initiated coverage of Goldman Sachs (NYSE: GS) with a Buy rating in this afternoon's post-market session. The firm set a $220 price target. Click here for more coverage.

Bernstein initiates coverage on InBev (NYSE: BUD) with an Outperform rating.

Lazard Capital Markets initiates coverage on King Pharmaceuticals (NYSE: KG) with a Buy rating.

Morgan Joseph initiates coverage on AutoZone Inc. (NYSE: AZO) with a Buy. Price target $175. Click AZO) with a Buy. Price target $175.">here form more coverage.

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


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Stocks Mentioned

AUY 13.22

-0.10 -0.75%
Volume: 17,025,179
Track AUY

AZO 147.42

+1.59 +1.09%
Volume: 771,876
Track AZO

BUD 50.67

+0.07 +0.14%
Volume: 753,119
Track BUD

CLX 59.65

-0.20 -0.33%
Volume: 1,030,127
Track CLX

EBAY 22.79

-0.40 -1.72%
Volume: 16,750,117
Track EBAY

GME 25.49

+0.99 +4.04%
Volume: 6,048,332
Track GME

GS 170.01

-2.82 -1.63%
Volume: 8,821,894
Track GS

KG 11.80

+0.04 +0.34%
Volume: 4,018,604
Track KG

LLL 77.53

+0.25 +0.32%
Volume: 745,056
Track LLL

MWW 15.40

-0.34 -2.16%
Volume: 1,660,807
Track MWW

PLCM 22.23

+0.01 +0.05%
Volume: 2,202,335
Track PLCM

RAX 18.31

-0.44 -2.35%
Volume: 474,689
Track RAX

TTM 13.78

+0.16 +1.17%
Volume: 836,364
Track TTM


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