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 72.47

+0.81 +1.13%
Volume: 3,236,242
Track BHP

CBY 50.71

-0.60 -1.17%
Volume: 492,432
Track CBY

INTU 30.00

-0.11 -0.37%
Volume: 3,513,433
Track INTU

MMM 77.98

-0.01 -0.01%
Volume: 2,141,757
Track MMM

PALM 11.89

+0.90 +8.19%
Volume: 13,108,149
Track PALM

RTP 208.34

+2.16 +1.05%
Volume: 609,073
Track RTP

SIG 26.96

-0.01 -0.04%
Volume: 144,971
Track SIG

VLCM 17.00

+0.23 +1.37%
Volume: 54,812
Track VLCM

WSM 20.04

-0.06 -0.30%
Volume: 730,318
Track WSM


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