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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Stocks Mentioned

BKC 18.27

+0.18 +1.00%
Volume: 2,689,250
Track BKC

BPL 52.18

+0.02 +0.04%
Volume: 105,067
Track BPL

BRCM 30.77

+0.47 +1.55%
Volume: 7,580,662
Track BRCM

JCG 43.14

+0.50 +1.17%
Volume: 2,244,047
Track JCG

LVLT 1.40

+0.04 +2.94%
Volume: 23,066,613
Track LVLT

MS 30.97

+0.77 +2.55%
Volume: 16,323,587
Track MS

NWSA 12.03

+0.33 +2.82%
Volume: 21,608,046
Track NWSA

ODP 6.63

+0.33 +5.24%
Volume: 9,937,308
Track ODP

PPS 18.53

+0.15 +0.82%
Volume: 1,012,687
Track PPS

SEE 22.62

+0.29 +1.30%
Volume: 1,131,552
Track SEE


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