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 59.41

+0.47 +0.80%
Volume: 4,158,217
Track CAT

CSUN 4.27

+0.12 +2.89%
Volume: 286,099
Track CSUN

DFS 15.14

-0.13 -0.85%
Volume: 3,087,914
Track DFS

DMND 31.79

+0.15 +0.47%
Volume: 72,663
Track DMND

EV 30.42

-0.19 -0.62%
Volume: 446,569
Track EV

HOG 29.50

-0.08 -0.27%
Volume: 1,221,557
Track HOG

HOT 32.00

-0.22 -0.68%
Volume: 1,581,585
Track HOT

KMX 19.90

-0.27 -1.34%
Volume: 847,634
Track KMX

SKS 6.11

-0.10 -1.61%
Volume: 3,136,384
Track SKS

SNDK 21.60

+0.01 +0.05%
Volume: 3,623,270
Track SNDK

URS 42.50

-0.49 -1.14%
Volume: 355,292
Track URS


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