Notable Analyst Rating Changes 6/4: GS, KEY, GIII Upgraded; NYX, CAR, TKC Downgraded

June 4, 2009 9:50 AM EDT

UPGRADES:
Sanford C. Bernstein upgrades Goldman Sachs (NYSE: GS) from Market Perform to Outperform.

RBC Capital upgrades KeyCorp (NYSE: KEY) from Sector Perform to Top Pick.

Lazard Capital upgrades G-III Apparel Group (Nasdaq: GIII) from Hold to Buy.

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

DOWNGRADES:
BMO Capital downgrades NYSE Euronext (NYSE: NYX) from Market Perform to Underperform. Price target $25.

UBS downgrades Avis Budget (NYSE: CAR) from Neutral to Sell.

Morgan Stanley downgrades Turkcell (NYSE: TKC) from Overweight to Equalweight.

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

NEW COVERAGE:
Robert W. Baird initiates coverage on Nokia (NYSE: NOK) with an Outperform rating and $18 price target.

Sterne Agee initiates coverage on Capital One Financial (NYSE: COF) with a Sell. Price target $20.

Jefferies & Co initiates coverage on YUM! Brands (NYSE: YUM) with a Hold.

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

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Related Entities

• UBS
• Goldman Sachs
• Morgan Stanley
• Jefferies & Co
• Robert W Baird
• BMO Capital
• Sanford C. Bernstein
• Lazard
• RBC Capital
• Sterne Agee
• Notable Analyst Rating Changes

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