Notable Analyst Rating Changes 2/12: PFE, CAL, AJG, NOC, IACI Upgraded; KSS, RTN, LVLT, TGH Downgraded

February 12, 2009 9:55 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Leerink Swann upgrades Pfizer (NYSE: PFE) from Market Perform to Outperform.

Bank of America upgraded Continental Airlines, Inc. (CAL) from Neutral to Buy, citing valuation after the recent price decline.

Stifel Nicolaus upgrades Arthur J. Gallagher (NYSE: AJG) from Sell to Hold.

Sanford C. Bernstein upgrades Northrop Grumman (NYSE: NOC) from Market Perform to Outperform.

Cowen upgrades IAC/InterActiveCorp. (Nasdaq: IACI) from Neutral to Outperform.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Goldman Sachs downgrades Kohl's Corp. (NYSE: KSS) from Neutral to Sell and added the stock to their Conviction Sell List.

Sanford C.Bernstein downgrades Raytheon (NYSE: RTN) from Outperform to Market Perform.

J.P. Morgan downgrades Level 3 Communications (Nasdaq: LVLT) from Overweight to Underweight.

Wachovia and Jefferies downgraded Textainer (NYSE: TGH) to Market Perform and Hold, respectively. Click here for more color on the Wachovia downgrade.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Brean Murray initiates coverage on Sequenom (Nasdaq: SQNM) with a Sell. Price target $10. Click here for more color on the coverage.

Wunderlich Securities initiates coverage on Comcast (Nasdaq: CMCSA) with a Buy with a $19 price target, calling the stock a "relative safe haven." Click here for more color.

Collins Stewart initiates coverage on Lockheed Martin Corp. (NYSE: LMT) with a Buy. Price target $100. Here is more color on the coverage.

Jefferies & Co initiates coverage on Crucell N.V. (Nasdaq: CRXL) with a Buy rating.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

AJG 22.86

-0.01 -0.04%
Volume: 490,513
Track AJG

CMCSA 14.59

+0.39 +2.75%
Volume: 28,267,243
Track CMCSA

CRXL 21.18

+0.00 +0.00%
Volume: 480,577
Track CRXL

IACI 19.27

+0.13 +0.68%
Volume: 2,360,674
Track IACI

KSS 56.68

+0.73 +1.30%
Volume: 3,056,962
Track KSS

LMT 73.77

+0.91 +1.25%
Volume: 3,442,064
Track LMT

LVLT 1.25

-0.01 -0.79%
Volume: 9,104,447
Track LVLT

NOC 52.37

+0.62 +1.20%
Volume: 2,510,411
Track NOC

PFE 16.96

-0.06 -0.35%
Volume: 36,104,767
Track PFE

RTN 47.57

+0.49 +1.04%
Volume: 2,354,841
Track RTN

SQNM 3.21

+0.09 +2.88%
Volume: 1,715,397
Track SQNM

TGH 15.58

-0.41 -2.56%
Volume: 53,139
Track TGH


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