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 75.27

-1.86 -2.41%
Volume: 6,886,442
Track BHP

CBY 52.95

+0.00 +0.00%
Volume: 775,739
Track CBY

INTU 29.75

+0.43 +1.47%
Volume: 3,334,653
Track INTU

MMM 78.24

+1.09 +1.41%
Volume: 4,375,937
Track MMM

PALM 11.73

+0.22 +1.91%
Volume: 5,625,960
Track PALM

RTP 207.90

-2.30 -1.09%
Volume: 1,005,301
Track RTP

SIG 26.69

+0.54 +2.07%
Volume: 185,956
Track SIG

VLCM 16.24

+0.82 +5.32%
Volume: 181,962
Track VLCM

WSM 21.52

+0.40 +1.89%
Volume: 2,983,453
Track WSM


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