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 71.66

+0.00 +0.00%
Volume: 3,467,090
Track BHP

CBY 51.31

+0.00 +0.00%
Volume: 777,761
Track CBY

INTU 30.11

+0.00 +0.00%
Volume: 3,766,310
Track INTU

MMM 77.99

+0.00 +0.00%
Volume: 3,503,836
Track MMM

PALM 10.99

+0.00 +0.00%
Volume: 8,354,976
Track PALM

RTP 206.18

+0.00 +0.00%
Volume: 876,342
Track RTP

SIG 26.97

+0.00 +0.00%
Volume: 236,700
Track SIG

VLCM 16.77

+0.00 +0.00%
Volume: 171,318
Track VLCM

WSM 20.10

+0.00 +0.00%
Volume: 1,437,988
Track WSM


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