Notable Analyst Rating Changes 4/13: AKS, OMX, CRM, LULU Upgraded; WFC, EBAY, PH, WYNN, COF, ALV Downgraded

April 13, 2009 10:20 AM EDT

UPGRADES:
Goldman Sachs upgrades AK Steel Holding Corp. (NYSE: AKS) from Neutral to Buy with a $12 price target. Click here for more color on the upgrade.

Goldman Sachs upgrades OfficeMax Inc. (NYSE: OMX) from Neutral to Buy, saying the company will benefit from an improving economy and weaker competition.

UBS upgrades Salesforce.com (NYSE: CRM) from Sell to Buy with a $44 price target.

William Blair & Co upgrades lululemon athletica (Nasdaq: LULU) from Market Perform to Outperform.

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

DOWNGRADES:
Keefe, Bruyette & Woods downgrades Wells Fargo (NYSE: WFC) from Market Perform to Underperform. Click here for more color.

Collins Stewart downgrades eBay Inc. (Nasdaq: EBAY) to Sell. Price target $12. Click here for the full report.

Goldman Sachs downgraded Parker Hannifin Corporation (NYSE: PH) from Neutral to Sell and added the stock to its Conviction Sell List. The firm has a $30 price target on the stock.

Oppenheimer downgrades Wynn Resorts (Nasdaq: WYNN) from Perform to Underperform. Price target lowered from $26 to $20.

Calyon Securities downgrades Capital One Financial Corp. (NYSE: COF) from Buy to Underperform with a $19 price target.

Baird downgrades Autoliv (NYSE: ALV) from Neutral to Underperform. Price target $17.

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

NEW COVERAGE:
Citi initiates coverage on Goldman Sachs (NYSE: GS) with a Buy rating and $145 price target, citing valuation, market share gains and investment opportunities. Click here for more color.

Citi initiates coverage on Morgan Stanley (NYSE: MS) with a Hold. Price target $25. Click here for the full report.

Piper Jaffray & Co. assumes coverage on Applied Materials (Nasdaq: AMAT) and raises rating from Neutral to Buy. Price target increased from $10 to $14. Click here for the full report.

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

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• Goldman Sachs Conviction Sell List
• Piper Jaffray
• Keefe, Bruyette & Woods
• UBS
• William Blair
• Goldman Sachs
• Citi
• Morgan Stanley
• Calyon Securities
• Robert W Baird
• Collins Stewart
• Notable Analyst Rating Changes

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