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 28.75

-26.75 -48.20%
Volume: 438,210
Track BHP

CBY 27.41

-7.97 -22.53%
Volume: 450,263
Track CBY

INTU 27.85

-0.57 -2.01%
Volume: 2,465,484
Track INTU

MMM 26.22

-34.52 -56.83%
Volume: 441,962
Track MMM

PALM 15.75

-0.59 -3.61%
Volume: 10,849,958
Track PALM

RTP 27.52

-136.46 -83.22%
Volume: 444,956
Track RTP

SIG 27.58

+6.57 +31.27%
Volume: 443,007
Track SIG

VLCM 12.17

-0.60 -4.70%
Volume: 108,950
Track VLCM

WSM 29.93

+18.17 +154.51%
Volume: 445,837
Track WSM


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