Notable Analyst Rating Changes 11/17: MCD, YUM, NOK Upgraded; WFR, TRA, DELL, DIS, FCX Downgraded

November 17, 2008 10:13 AM EST

UPGRADES:
UBS upgrades McDonald's (NYSE: MCD) from Neutral to Buy, citing EPS expectations in 2009. The firm said shares gains are sustainable and could accelerate.

UBS upgrades YUM! Brands (NYSE: YUM) from Neutral to Buy, citing valuation after recent slide and potential for meaningful EPS growth. The firm lowered its price target on YUM! from $40 to $29.

Merrill Lynch upgrades Nokia (NYSE: NOK) from Neutral to Buy.

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

DOWNGRADES:
Collins Stewart downgrades MEMC Electronic Materials (NYSE: WFR) from Buy to Hold.

BMO Capital downgrades Terra Industries (NYSE: TRA) from Market Perform to Underperform.

Merrill Lynch downgrades Dell (Nasdaq: DELL) from Buy to Neutral. The firm said PC unit sales will fall 2% next year, versus its prior forecast of 12% growth.

Soleil Securities downgrades Walt Disney (NYSE: DIS) from Buy to Hold. Price target lowered to $23 from $40.

J.P. Morgan downgrades Freeport-McMoran (NYSE: FCX) from Overweight to Neutral.

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

NEW COVERAGE:
Cowen & Co resumes coverage on Gap Inc (NYSE: GPS) with a Neutral.

Citi initiates coverage on Advance Auto Parts Inc (NYSE: AAP) with a Buy. Price target $35.

Citi initiates coverage on AutoZone Inc. (NYSE: AZO) with a Buy. Price target $146.

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


Related Categories

Special Reports

Stocks Mentioned

AAP 40.38

+1.08 +2.75%
Volume: 2,087,255
Track AAP

AZO 151.20

+3.33 +2.25%
Volume: 679,152
Track AZO

DELL 13.84

-0.28 -1.98%
Volume: 38,375,196
Track DELL

DIS 30.73

+0.51 +1.69%
Volume: 9,318,460
Track DIS

FCX 83.91

+1.11 +1.34%
Volume: 12,279,026
Track FCX

GPS 21.98

+0.56 +2.61%
Volume: 9,589,913
Track GPS

MCD 63.54

+0.29 +0.46%
Volume: 9,616,214
Track MCD

NOK 13.41

+0.15 +1.13%
Volume: 14,551,385
Track NOK

TRA 39.00

+0.42 +1.09%
Volume: 1,686,453
Track TRA

WFR 12.37

+0.33 +2.74%
Volume: 5,748,064
Track WFR

YUM 35.29

+0.02 +0.06%
Volume: 3,865,492
Track YUM


Related Entities


Add Your Comment