Notable Analyst Rating Changes 10/9: VIA, AKS, SY, MAR, RIMM; ARO, MT, BMY, LTD Downgrade

October 9, 2009 10:23 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:

Piper Jaffray & Co. upgrades Viacom (NYSE: VIA) from Neutral to Overweight. Price target increased from $29 to $35. Click here for more color.

Deutsche Bank upgrades AK Steel (NYSE: AKS) to Buy from Hold. Click here for more color.

Wedbush Morgan upgrades Sybase, Inc. (NYSE: SY) from Neutral to Outperform. Price target increased from $34 to $48. Click here for more color.

Bank of America upgrades Marriott (NYSE: MAR) from Underperform to Buy. Price target increased to $31.

Baird lifted investment rating on Research In Motion (Nasdaq: RIMM) from Neutral to Outperform, also boosting their price target from $83 to $84. Click here for more color.

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

DOWNGRADES:

Goldman Sachs downgrades Aeropostale (NYSE: ARO) from Neutral to Sell with a $41 downside price target. Click here for more color.

RBS downgrades ArcelorMittal (NYSE: MT) from Buy to Hold.

Cowen & Co downgrades Bristol-Myers (NYSE: BMY) from Outperform to Neutral.

Soleil Securities downgrades Marriott International (NYSE: MAR) from Buy to Hold. Price target $28. Click here for more color.

Soleil Securities downgrades Limited Brands (NYSE: LTD) from Hold to Sell. Price target $15.50. Click here,/a. for more color.

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

NEW COVERAGE:

Wells Fargo initiates coverage on Eli Lilly (NYSE: LLY) with a Market Perform rating and a $33-$35 valuation range. Click here for more color.

Raymond James initiates coverage on JPMorgan (NYSE: JPM) with a Strong Buy rating. The firm has a $60 price target on shares of JPM. Click here for more coverage.

Roth Capital initiates coverage on China Natural Gas (Nasdaq: CHNG) with a Buy rating. Price target $18.

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


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Stocks Mentioned

AKS 19.19

+0.05 +0.26%
Volume: 5,448,036
Track AKS

ARO 30.56

-0.22 -0.71%
Volume: 3,958,677
Track ARO

BMY 25.16

+0.11 +0.44%
Volume: 32,272,818
Track BMY

CHNG 9.62

+0.06 +0.63%
Volume: 309,965
Track CHNG

JPM 42.48

-0.80 -1.85%
Volume: 31,881,517
Track JPM

LLY 37.30

+0.50 +1.36%
Volume: 8,028,129
Track LLY

LTD 16.64

-0.59 -3.42%
Volume: 7,637,683
Track LTD

MAR 25.55

-0.70 -2.67%
Volume: 4,082,690
Track MAR

MT 39.29

+0.45 +1.16%
Volume: 3,516,481
Track MT

RIMM 59.53

-0.47 -0.78%
Volume: 8,292,032
Track RIMM

SY 41.04

+0.17 +0.42%
Volume: 894,142
Track SY

VIA 32.03

+0.21 +0.66%
Volume: 33,787
Track VIA


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