Notable Analyst Rating Changes 5/29: ODP, JCG, NWSA, MS Upgraded; LVLT, BKC, SEE Downgraded

May 29, 2009 9:41 AM EDT

UPGRADES:
JP Morgan upgrades Office Depot (NYSE: ODP) from Neutral to Overweight. Click here for more color on the upgrade.

Goldman Sachs upgrades J. Crew Group, Inc. (NYSE: JCG) from Sell to Neutral and took the stock off its Conviction Sell List. The stock was also upgraded to Hold at Brean Murray.

JP Morgan upgrades News Corp (Nasdaq: NWSA) from Neutral to Overweight with a $12 price target.

Keefe, Bruyette & Woods upgrades Morgan Stanley (NYSE: MS) to Outperform. Price target $35. Click here for the full report.

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

DOWNGRADES:
UBS downgrades Level 3 Communications (Nasdaq: LVLT) from Neutral to Sell.

Citi downgrades Burger King Holdings, Inc. (NYSE: BKC) from Buy to Hold. Price target lowered from $22 to $18. Click here for the full report.

Goldman Sachs downgrades Sealed Air Corp. (NYSE: SEE) from Neutral to Sell with a $19 price target.

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

NEW COVERAGE:
Roth Capital initiates coverage on Broadcom (Nasdaq: BRCM) with a Hold. Price target $22.

Wunderlich Securities initiates coverage on Buckeye Partners (NYSE: BPL) with a Buy. Price target $48. Click here for the full report.

Deutsche Bank re-initiates coverage on Post Properties (NYSE: PPS) with a Sell. Click here for more color.

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

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Related Entities

• Goldman Sachs Conviction Sell List
• Keefe, Bruyette & Woods
• Deutsche Bank
• Brean Murray Carret & Co.
• UBS
• JPMorgan
• Goldman Sachs
• Citi
• Morgan Stanley
• Roth Capital
• Notable Analyst Rating Changes
• Wunderlich Securities

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