Notable Analyst Rating Changes 11/13: GT, QCOM, JNPR, ATK, CRM Upgraded; SUN, V, AAP, PWRD Downgraded

November 13, 2009 11:44 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Goodyear Tire & Rubber Co. (NYSE: GT) from Neutral to Buy, and raised the 6-month price target from $17 - $19.

Wells Fargo upgrades QUALCOMM Inc. (NASDAQ: QCOM) to Outperform. Valuation Range increased to $50-$60 from $40-$46.

Oppenheimer upgrades Juniper Networks Inc (NASDAQ: JNPR) from Market Perform to Outperform with a $31 price target.

Goldman Sachs upgraded Alliant Techsystems (NYSE: ATK) from Sell to Neutral.

Caris & Co upgrades Salesforce.com (NYSE: CRM) to Above Average. Price target increased from $47 to $68.

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

DOWNGRADES:
Goldman Sachs downgraded Sunoco (NYSE: SUN) to Sell and added it to their Conviction Sell List.

Duncan-Williams downgrades Visa, Inc. (NYSE: V) from Strong Buy to Buy. Price Target: $90.00. Click Here for more color.

Goldman Sachs downgrades Advance Auto Parts Inc. (NYSE: AAP) from Buy to Neutral.

Pali Research downgrades Perfect World (NASDAQ: PWRD) from Buy to Neutral on valuation. For more color, Click Here.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on several companies :

  • Las Vegas (NYSE: LVS) with a Buy;

  • Wynn (NASDAQ: WYNN) with Buy;

  • MGM (NYSE: MGM) with a Hold.

  • Int'l Game Technology (NYSE: IGT) with a Buy. Price target $25.

  • WMS Industries (NYSE: WMS) with a Buy rating. Price target $56.
Piper Jaffray also initiated coverage on several companies, including:
  • FedEx (NYSE: FDX) with an Overweight;

  • United Parcel Service (NYSE: UPS) with a Neutral;

  • C.H. Robinson (NASDAQ: CHRW) with a Neutral;

  • Ryder System (NYSE: R) with a Neutral;

  • Con-Way (NYSE: CNW) with an Underweight.
Credit Suisse initiates Fifth Third Bancorp (NASDAQ: FITB) with an Outperform rating and $15 price target.

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


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Stocks Mentioned

AAP 41.57

+0.76 +1.86%
Volume: 1,029,956
Track AAP

ATK 77.11

+0.15 +0.19%
Volume: 601,556
Track ATK

CHRW 52.67

+0.59 +1.13%
Volume: 2,709,755
Track CHRW

CNW 28.92

+0.58 +2.05%
Volume: 1,373,126
Track CNW

CRM 64.66

+2.54 +4.09%
Volume: 2,274,714
Track CRM

FDX 79.22

+2.53 +3.30%
Volume: 4,694,542
Track FDX

FITB 11.47

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

GT 12.88

+0.38 +3.04%
Volume: 2,963,253
Track GT

IGT 17.62

+0.05 +0.28%
Volume: 5,206,095
Track IGT

JNPR 25.06

+0.00 +0.00%
Volume: 4,250,308
Track JNPR

LVS 15.89

+0.35 +2.25%
Volume: 20,934,440
Track LVS

MGM 10.72

-0.01 -0.09%
Volume: 20,670,608
Track MGM

PWRD 38.72

+1.25 +3.34%
Volume: 675,539
Track PWRD

QCOM 37.91

+0.40 +1.07%
Volume: 28,585,599
Track QCOM

R 33.40

+0.73 +2.23%
Volume: 687,825
Track R

SUN 25.84

+0.64 +2.54%
Volume: 2,330,073
Track SUN

UPS 57.41

+0.79 +1.40%
Volume: 5,262,768
Track UPS

V 83.27

+0.22 +0.26%
Volume: 4,492,145
Track V

WMS 37.99

+1.05 +2.84%
Volume: 994,888
Track WMS

WYNN 61.63

+0.87 +1.43%
Volume: 1,838,496
Track WYNN


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