Notable Analyst Rating Changes 12/02: WSM, SIG, CBY Upgraded; RTP, MMM, PALM Downgraded

December 2, 2008 9:53 AM EST

UPGRADES:
Merrill Lynch and Cowen & Co. upgrade Williams-Sonoma (NYSE: WSM) from Underperform to Buy and from Undperform to Neutral, respectively.

Goldman Sachs upgrades Signet Group (NYSE: SIG) from Sell to Neutral.

Citi upgrades Cadbury (NYSE: CBY) from Sell to Hold.

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

DOWNGRADES:
J.P. Morgan downgrades Rio Tinto (NYSE: RTP) from Overweight to Neutral.

Citi downgrades 3M (NYSE: MMM) from Hold to Sell. Price target $57.

Cowen & Co downgrades Palm (Nasdaq: PALM) to Neutral.

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

NEW COVERAGE:
J.P. Morgan and UBS resume coverage on BHP Billiton (NYSE: BHP) with an Overweight and Buy rating, respectively.

Barclays initiates coverage on Intuit (Nasdaq: INTU) with an Overweight.

KeyBanc initiates coverage on Volcom, Inc. (Nasdaq: VLCM) with a Buy. Price target $11.

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


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Stocks Mentioned

BHP 78.42

+1.32 +1.71%
Volume: 1,760,643
Track BHP

CBY 52.12

+0.00 +0.00%
Volume: 100
Track CBY

INTU 56.59

-0.09 -0.16%
Volume: 1,819,551
Track INTU

MMM 88.03

+0.89 +1.02%
Volume: 2,530,550
Track MMM

PALM 5.69

+0.00 +0.00%
Volume: 931,932
Track PALM

RTP 62.17

+0.00 +0.00%
Volume: 2,442,185
Track RTP

SIG 45.49

+0.94 +2.11%
Volume: 704,713
Track SIG

VLCM 24.51

+0.00 +0.00%
Volume: 1,176,948
Track VLCM

WSM 36.53

-0.31 -0.84%
Volume: 2,147,834
Track WSM


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