Notable Analyst Rating Changes 11/17: XOM, PALM, ALKS, ITW, SINA Upgraded; SPWRA, PARD, PSUN, JOYG Downgraded

November 17, 2009 11:25 AM EST

UPGRADES:
Barclays upgrades Exxon Mobil Corp. (NYSE: XOM) from Equal Weight to Overweight and raised their price target from $90 to $92.

Kaufman Bros. upgrades Palm, Inc. (NASDAQ: PALM) from Hold to Buy with a $16 price target. Click Here for more color.

Leerink Swann upgrades Alkermes (Nasdaq: ALKS) from Market Perform to Outperform. Click here to see full color on the upgrade.

UBS upgrades Illinois Tool Works (NYSE: ITW) from Neutral to Buy.

Deutsche Bank upgrades Sina Corp (Nasdaq: SINA) to Buy with a price target of $52. Click here for the full report.

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

DOWNGRADES:
Piper Jaffray & Co. downgrades SunPower Corp. (Nasdaq: SPWRA) from Overweight to Neutral. Price target lowered from $38 to $31. Click
Here
for more color from Piper. FBR Capital also downgraded Sun Power from Outperform to Market Perform and cut their price target from $38 to $30. Click Here
for more color from FBR. Finally, Caris & Co. downgrades SunPower SPWRA from Above Average to Below Average.

Wedbush downgrades Poniard Pharmaceuticals Inc. (Nasdaq:
PARD) from Outperform to Underperform. Click Here for more color from Wedbush. Rodman & Renshaw also downgraded Poniard to Market Perform.

Caris & Co. downgrades Pacific Sunwear (Nasdaq: PSUN) from Average to Below Average. Price target $3.50.

UBS downgrades Joy Global (NASDAQ: JOYG) from Buy to Neutral.

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

NEW COVERAGE:
Morgan Stanley resumes coverage on Dell (NASDAQ: DELL) with an Equalweight.

Morgan Joseph initiates coverage on Boston Scientific (NYSE: BSX) with a Hold. Click Here for more color.

Deutsche Bank re-instates coverage on SandRidge Energy (NYSE: SD) with a Hold. For more color, Click Here.

Morgan Stanley initiates coverage on Verisk Analytics (NASDAQ: VRSK) with an Equalweight rating.

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


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Stocks Mentioned

ALKS 12.69

-0.37 -2.83%
Volume: 798,112
Track ALKS

BSX 5.60

-0.09 -1.58%
Volume: 27,578,773
Track BSX

DELL 13.16

-0.34 -2.52%
Volume: 23,633,230
Track DELL

ITW 43.33

-0.01 -0.02%
Volume: 4,201,616
Track ITW

JOYG 58.05

-0.66 -1.12%
Volume: 1,092,011
Track JOYG

PALM 5.69

+0.00 +0.00%
Volume: 1,390
Track PALM

PARD 0.61

+0.02 +3.39%
Volume: 177,444
Track PARD

PSUN 4.05

+0.00 +0.00%
Volume: 419,479
Track PSUN

SD 5.90

-0.02 -0.34%
Volume: 11,255,492
Track SD

SINA 42.01

+0.71 +1.72%
Volume: 1,123,772
Track SINA

SPWRA 12.66

-0.43 -3.28%
Volume: 2,500,621
Track SPWRA

VRSK 29.14

+0.02 +0.07%
Volume: 150,027
Track VRSK

XOM 60.34

-0.57 -0.94%
Volume: 33,770,732
Track XOM


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