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 20.00

+0.00 +0.00%
Volume: 59,551
Track BWY

CL 91.17

-0.59 -0.64%
Volume: 1,927,541
Track CL

DSX 8.91

-0.36 -3.88%
Volume: 793,607
Track DSX

EPIQ 12.07

-0.28 -2.27%
Volume: 65,729
Track EPIQ

IRE 7.35

-0.41 -5.28%
Volume: 2,002,692
Track IRE

MCD 99.47

-0.52 -0.52%
Volume: 3,874,678
Track MCD

PG 63.88

-0.16 -0.25%
Volume: 8,295,506
Track PG

TLB 3.15

-0.02 -0.63%
Volume: 256,984
Track TLB

V 113.90

+1.48 +1.32%
Volume: 5,472,181
Track V

WCG 60.83

-0.81 -1.31%
Volume: 419,485
Track WCG


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