Notable Analyst Rating Changes 6/15: YHOO, DELL, MT, CNW, TXN Upgraded; WMT, IRE, LEA, KBH Downgraded

June 15, 2009 9:47 AM EDT

UPGRADES:
Citigroup upgrades Yahoo! (Nasdaq: YHOO) from Hold to Buy, citing valuation. The firm raised its price target from $15 to $21.

Goldman Sachs upgrades Dell (Nasdaq: DELL) from Sell to Neutral, with a $14 price target. The firm said cyclical issues start to ease.

Deutsche Bank upgrades ArcelorMittal (NYSE: MT) from Hold to Buy. Click here to see full color.

Morgan Keegan upgrades Con-way (NYSE: CNW) from Market Perform to Outperform.

First Global upgrades Texas Instruments (NYSE: TXN) to Market Perform. Here is some more color on the upgrade.

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

DOWNGRADES:
Goldman Sachs downgrades Wal-Mart Stores Inc. (NYSE: WMT) from Buy to Neutral with a $56 price target, saying they prefer less defensive retailers.

Deutsche Bank downgrades Bank of Ireland (NYSE: IRE) from Buy to Hold. Click here for the full report.

Barclays downgrades Lear (NYSE: LEA) from Equal Weight to Underweight and cut its price target to $0.25 per share.

Goldman Sachs downgrades KB Home (NYSE: KBH) from Hold to Sell with a $12 price target. Click here for some more color on the call.

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

NEW COVERAGE:
Goldman Sachs restarts coverage on Target Corp. (NYSE: TGT) with a Buy rating and $51 price target. The firm sees key inflection points on the horizon which could propel powerful EPS momentum outpacing peers. Also adds to Conviction Buy List.

Pali Research initiates coverage on DIRECTV Group (NYSE: DTV) with a Buy. Price target $32. Here is some color on the coverage.

Needham & Co resumes coverage on Ceradyne (Nasdaq: CRDN) with a Hold.

UBS initiates coverage on Crucell (Nasdaq: CRXL) with a Buy rating.

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


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Stocks Mentioned

CNW 30.35

+0.39 +1.30%
Volume: 1,205,435
Track CNW

CRDN 16.67

-0.05 -0.30%
Volume: 153,579
Track CRDN

CRXL 21.18

+0.00 +0.00%
Volume: 480,577
Track CRXL

DELL 14.86

-0.05 -0.34%
Volume: 11,775,809
Track DELL

DTV 28.59

+0.05 +0.18%
Volume: 24,740,652
Track DTV

IRE 11.67

-0.48 -3.95%
Volume: 1,441,790
Track IRE

KBH 14.91

-0.23 -1.52%
Volume: 5,521,511
Track KBH

LEA 0.48

+0.00 +0.00%
Volume: 788,176
Track LEA

MT 35.09

-0.50 -1.40%
Volume: 5,191,194
Track MT

TGT 49.70

+0.00 +0.00%
Volume: 5,293,301
Track TGT

TXN 24.04

-0.14 -0.58%
Volume: 11,756,521
Track TXN

WMT 51.25

-0.03 -0.06%
Volume: 12,366,344
Track WMT

YHOO 15.94

+0.04 +0.25%
Volume: 13,564,323
Track YHOO


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