Notable Analyst Rating Changes 5/28: HOT, KMX, SNDK, DMND Upgraded; CAT, SKS, URS, CSUN Downgraded

May 28, 2009 9:51 AM EDT

UPGRADES:
Goldman Sachs upgrades Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) from Sell to Buy and raised its price target to $27 per share.

Deutsche Bank upgrades CarMax (NYSE: KMX) from Hold to Buy. Click here to see the full report.

Goldman Sachs upgrades SanDisk Corp. (Nasdaq: SNDK) from Neutral to Buy and boosted its price target from $16 to $22, following yesterday's renewal with Samsung.

BB&T Capital upgrades Diamond Foods (Nasdaq: DMND) from Hold to Buy, following Q3 results after the close.

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

DOWNGRADES:
UBS downgrades Catepillar (NYSE: CAT) from Neutral to Sell, citing low pricing power and conitined end market weakness.

Credit Suisse downgrades Saks Inc. (NYSE: SKS) from Neutral to Underperform.

Goldman Sachs downgrades URS Corp. (NYSE: URS) from Buy to Neutral.

Jefferies & Co downgrades China Sunergy (Nasdaq: CSUN) from Buy to Hold.

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

NEW COVERAGE:
Wachovia initiates coverage on Eaton Vance Corp. (NYSE: EV) with a Market Perform. Valuation Range: $28 to $30. Click here for the full report.

FBR Capital initiates coverage on Discover Financial Services (NYSE: DFS) with an Outperform rating and $11 price target.

Deutsche Bank assumes coverage on Harley-Davidson (NYSE: HOG) with a Buy. Price target $21. Here is more color on the coverage.

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


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Stocks Mentioned

CAT 57.60

-0.39 -0.67%
Volume: 6,161,461
Track CAT

CSUN 3.63

+0.00 +0.00%
Volume: 107,823
Track CSUN

DFS 14.53

+0.00 +0.00%
Volume: 5,549,284
Track DFS

DMND 29.86

+0.35 +1.19%
Volume: 238,906
Track DMND

EV 28.66

-0.14 -0.49%
Volume: 546,566
Track EV

HOG 25.73

-0.17 -0.66%
Volume: 2,124,200
Track HOG

HOT 31.09

-0.16 -0.51%
Volume: 2,802,140
Track HOT

KMX 20.94

+0.05 +0.24%
Volume: 1,481,773
Track KMX

SKS 6.13

+0.23 +3.90%
Volume: 7,544,906
Track SKS

SNDK 20.82

-0.15 -0.72%
Volume: 5,694,450
Track SNDK

URS 40.13

-0.30 -0.74%
Volume: 544,008
Track URS


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