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 77.90

+0.65 +0.84%
Volume: 3,305,373
Track BHP

CBY 53.43

+0.19 +0.36%
Volume: 231,030
Track CBY

INTU 29.67

+0.22 +0.75%
Volume: 1,982,043
Track INTU

MMM 78.41

-0.22 -0.28%
Volume: 2,977,229
Track MMM

PALM 11.54

-0.04 -0.35%
Volume: 6,311,946
Track PALM

RTP 219.89

+8.19 +3.87%
Volume: 892,194
Track RTP

SIG 26.85

+0.71 +2.72%
Volume: 120,455
Track SIG

VLCM 15.58

+0.01 +0.06%
Volume: 126,499
Track VLCM

WSM 21.25

+0.05 +0.24%
Volume: 1,800,428
Track WSM


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