Notable Analyst Rating Changes 4/7: MSFT, AXP, RAX, CRM, GMR Upgraded; LLY, ISRG, GGP, ADM, EL Downgraded

April 7, 2009 9:55 AM EDT

UPGRADES:
RBC Capital upgrades Microsoft (Nasdaq: MSFT) from Sector Perform to Outperform.

Citi upgrades American Express (NYSE: AXP) from Sell to Hold. Price target increased from $9 to $16. Click here for the full report.

Goldman Sachs upgrades Rackspace Hosting, Inc (NYSE: RAX) from Neutral to Buy.

RBC Capital upgrades Salesforce.com (NYSE: CRM) from Sector Perform to Outperform. RBC upgraded numerous stocks in this industry this morning. To see all the upgrades by this firm, visit our RBC Capital entity.

J.P. Morgan upgrades General Maritime (NYSE: GMR) from Neutral to Overweight.

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

DOWNGRADES:
Leerink Swann downgrades Eli Lilly (NYSE: LLY) from Market Perform to Underperform. The firm also downgraded shares of Intuitive Surgical (Nasdaq: ISRG) from Outperform to Market Perform.

Wachovia downgraded General Growth Properties (NYSE: GGP) from Outperform to Market Perform, citing serious risk of bankruptcy. Click here for full color on the downgrade.

Citi downgrades Archer-Daniels-Midland Company (NYSE: ADM) from Hold to Sell. Adds stock to Top Picks List. Price target $25. Click here for the full report.

UBS downgrades Estee Lauder (NYSE: EL) from Neutral to Sell.

J.P. Morgan downgrades Cabot (NYSE: CBT) from Neutral to Underweight.

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

NEW COVERAGE:
Barclays initiates coverage on Western Union (NYSE: WU) with an Overweight. Price target $19.

Barclays initiates coverage on Global Payments (NYSE: GPN) with an Overweight. Price target $38.

Thomas Weisel initiates Netflix (Nasdaq: NFLX) with an Overweight and $51 target, citing an expected significant ramp in movie and video game consumption during the downturn.

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


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Stocks Mentioned

ADM 29.79

-0.10 -0.33%
Volume: 4,378,129
Track ADM

AXP 37.44

+0.65 +1.77%
Volume: 6,595,064
Track AXP

CBT 28.54

+0.94 +3.41%
Volume: 266,131
Track CBT

CRM 64.61

+2.49 +4.01%
Volume: 1,241,839
Track CRM

EL 56.30

+0.63 +1.13%
Volume: 1,612,965
Track EL

GGP 1.05

+0.00 +0.00%
Volume: 57,425
Track GGP

GMR 7.06

+0.09 +1.29%
Volume: 578,766
Track GMR

GPN 45.39

+0.41 +0.91%
Volume: 277,658
Track GPN

ISRG 327.88

+3.93 +1.21%
Volume: 204,882
Track ISRG

LLY 35.05

+0.27 +0.78%
Volume: 4,553,477
Track LLY

MSFT 28.15

+0.43 +1.55%
Volume: 34,834,516
Track MSFT

NFLX 61.42

+0.52 +0.85%
Volume: 518,872
Track NFLX

RAX 17.20

+0.09 +0.53%
Volume: 541,170
Track RAX

WU 15.94

-0.22 -1.36%
Volume: 9,364,260
Track WU


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