Notable Analyst Rating Changes 5/20: MCD, EPIQ, PG, IRE, TLB Upgraded; CL, BWY Downgraded

May 20, 2009 9:51 AM EDT

UPGRADES:
Deutsche Bank upgrades McDonald's (NYSE: MCD) from Hold to Buy, citing valuation, positive upcoming catalysts and attractive cash flow. The firm raised its price target from $60 to $65. Click here for more color.

KeyBanc upgrades EPIQ Systems, Inc. (Nasdaq: EPIQ) from Hold to Buy. Price target $17. Click here for more color on the upgrade.

Barclays Capital upgrades Procter & Gamble (NYSE: PG) from Equal-weight to Overweight and raises its price target from $56 to $60.

Deutsche Bank upgrades Bank of Ireland (NYSE: IRE) to Buy. Price target raised to E2. Click here for the full report.

FBR Capital upgrades Talbots (NYSE: TLB) from Market Perform to Outperform. Price target increased from $2 to $4. Here is the full report.

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

DOWNGRADES:
Barclays downgrades Colgate-Palmolive (NYSE: CL) from Overweight to Equalweight. Price target $68.

Deutsche Bank downgrades BWAY Corporation (NYSE: BWY) from Buy to Hold. Here is the full report.

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

NEW COVERAGE:
Goldman Sachs restarted coverage on WellCare Health Plans, Inc. (NYSE: WCG) with a Buy and added the stock to their Conviction Buy List.

Wachovia resumes coverage on Visa, Inc. (NYSE: V) with an Outperform rating. Valuation Range of $82
to $84. Click here to see full color on the coverage.

FBR Capital initiates coverage on Diana Shipping (NYSE: DSX) with an Outperform and sets an $18 price target.

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


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Stocks Mentioned

BWY 17.82

-0.33 -1.82%
Volume: 79,268
Track BWY

CL 79.87

+0.27 +0.34%
Volume: 2,466,386
Track CL

DSX 13.49

+0.04 +0.30%
Volume: 873,217
Track DSX

EPIQ 12.57

+0.00 +0.00%
Volume: 135,401
Track EPIQ

IRE 11.67

-0.48 -3.95%
Volume: 1,441,790
Track IRE

MCD 61.72

+0.24 +0.39%
Volume: 10,795,017
Track MCD

PG 61.04

+0.57 +0.94%
Volume: 16,008,853
Track PG

TLB 8.50

-0.08 -0.93%
Volume: 761,971
Track TLB

V 79.67

+0.08 +0.10%
Volume: 3,941,609
Track V

WCG 30.14

+0.88 +3.01%
Volume: 911,676
Track WCG


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