Notable Analyst Rating Changes 3/25: CBG, PEP, CTCM, WDC Upgraded; AXP, RTP, WSM, CRM Downgraded

March 25, 2009 9:26 AM EDT

UPGRADES:
JPMorgan and JMP Securities upgrade CB Richard Ellis (NYSE: CBG) to Overweight and Market Outperform, respectively. Click here for more color on each upgrade.

UBS upgrades PepsiCo (NYSE: PEP) from Neutral to Buy.

Goldman Sachs upgrades CTC Media (Nasdaq: CTCM) from Neutral to Buy.

Goldman Sachs upgrades Western Digital Corp. (NYSE: WDC) from Neutral to Buy.

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

DOWNGRADES:
JP Morgan downgrades American Express (NYSE: AXP) from Overweight to Underweight, saying U.S. consumers will continue to decrease discretionary spending.

RBS downgrades Rio Tinto (NYSE: RTP) from Hold to Sell.

Barclays Capital downgrades Williams-Sonoma (NYSE: WSM) from Equalweight to Underweight. The firm maintained its $8 price target.

Morgan Stanley downgrades Salesforce.com (NYSE: CRM) from Equalweight to Underweight.

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

NEW COVERAGE:
JPMorgan and Kaufman Bros. start Research In Motion (Nasdaq: RIMM) at Underweight and Hold, respectively.

Thomas Weisel initiates coverage on Aeropostale (NYSE: ARO) with a Marketweight. Price target $28.

RBC Capital initiates coverage on Hewlett-Packard (NYSE: HPQ) with an Outperform rating.

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


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Stocks Mentioned

ARO 34.23

+0.71 +2.12%
Volume: 1,535,081
Track ARO

AXP 37.54

+0.75 +2.04%
Volume: 10,682,919
Track AXP

CBG 12.28

+0.12 +0.99%
Volume: 6,054,090
Track CBG

CRM 64.66

+2.54 +4.09%
Volume: 2,274,714
Track CRM

CTCM 13.15

+0.35 +2.73%
Volume: 223,794
Track CTCM

HPQ 48.12

+0.53 +1.11%
Volume: 17,621,970
Track HPQ

PEP 60.05

+1.09 +1.85%
Volume: 7,941,529
Track PEP

RIMM 66.15

-0.52 -0.78%
Volume: 13,702,344
Track RIMM

RTP 200.28

+12.70 +6.77%
Volume: 1,355,061
Track RTP

WDC 40.38

+0.73 +1.84%
Volume: 4,488,386
Track WDC

WSM 19.60

+0.36 +1.87%
Volume: 2,145,571
Track WSM


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