Notable Analyst Rating Changes 11/16: COH, JWN, GNK, ESEA, SVA, YGE Upgraded; PARD, GPS, JCP, DLTR Downgraded

November 16, 2009 11:10 AM EST

UPGRADES:
Goldman Sachs upgraded Coach (NYSE: COH) from Neutral to Buy and raises their price target from $37 to $42. Goldman also upgraded Nordstrom (NYSE: JWN) from Neutral to Buy and raised their price target form $39 to $41.

Deutsche Bank upgrades Dry Bulk Stocks Genco Shipping & Trading (NYSE: GNK), Euroseas, Ltd. (Nasdaq: ESEA), and Eagle Bulk Shipping (Nasdaq: EGLE). Click here for more color on the upgrades.

Piper Jaffray & Co. upgrades Sinovac Biotech Ltd. (NYSE: SVA) to Overweight. Price target increased from $9 to $11. For more color, Click Here.

Janney Montgomery Scott upgrades Yingli Green Energy (NYSE: YGE) from Neutral to Buy. Price target $20. Click Here for more color.

Caris & Co upgrades Abercrombie & Fitch (NYSE: ANF) from Below Average to Average. Price target increased from $30 to $40.

FBR Capital upgrades Ladish Co. (Nasdaq: LDSH) from Market Perform to Outperform. Price target $14. Click here for the full report.

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

DOWNGRADES:
Merriman Curhan Ford downgrades Poniard Pharmaceuticals (NASDAQ: PARD) from Buy to Neutral. Click Here for more color.

BMO Capital downgrades Gap Inc. (NYSE: GPS) from Outperform to Market Perform. Price target lowers from $26 to $23.

Goldman downgrades JC Penney (NYSE: JCP) from Neutral to Sell and lowers their price target from $36 to $32.

Goldman downgrades Dollar Tree (Nasdaq: DLTR) from Buy to Neutral and lowers their price target from $54 to $52.

Lazard Capital downgrades Shire Ltd. (NASDAQ: SHPGY) from a Buy to Hold. Caris & Co. also downgraded Shire Ltd. from Above Average to Average with a price target of $55.

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

NEW COVERAGE:
Deutsche Bank resumes coverage on Lear (NYSE: LEA) (NYSE: LEAWI) with a Buy rating and $77 price target. For more color, Click Here.

Goldman Sachs resumes coverage on Dell (NASDAQ: DELL) with a Buy rating and $19 price target. Click Here for more color.

Wells Fargo initiates coverage on Verisk Analytics (NASDAQ: VRSK) with a Market Perform rating. Click Here for more color. Fox-Pitt also initiated coverage on Verisk Analytics with an In-Line rating.

Deutsche Bank initiated coverage on several pharmaceutical companies :

• starts GlaxoSmithKline (NYSE: GSK) with a Hold and 1,200p price target;
  
  
• starts Novartis (NYSE: NVS) with a Buy and CHF 60.5 price target;
  
  
• starts Sanofi-Aventis (NYSE: SNY) with a Buy and €58.5 price target;
  
  
• begins AstraZeneca (NYSE: AZN) with a Hold and 2,530p price target.

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

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• Piper Jaffray
• Deutsche Bank
• BMO Capital
• Lazard
• Merriman Curhan Ford
• Fox-Pitt Kelton
• Janney Montgomery Scott
• Notable Analyst Rating Changes

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