Notable Analyst Rating Changes 6/5: TIN, NKE, PHM, JTX Upgraded; GPS, ANF, HOG, DD Downgraded

June 5, 2009 9:40 AM EDT

UPGRADES:
Deutsche Bank upgrades Temple-Inland (NYSE: TIN) from Hold to Buy and lifts its price target from $11 to $19. Click here for more color.

Baird upgrades Nike (NYSE: NKE) from Neutral to Outperform. Price target increased from $61 to $69.

Credit Suisse upgrades Pulte Homes (NYSE: PHM) from Underperform to Neutral.

Oppenheimer upgrades Jackson Hewitt (NYSE: JTX) from Perform to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades Gap (NYSE: GPS) from Buy to Neutral and removed the stock from their Conviction Buy List, saying the shares reflect improvement at at Old Navy. The firm is maintaining their $18 price target.

Friedman Billings Ramsey downgrades Abercrombie & Fitch (NYSE: ANF) from Outperform to Market Perform.

Citi downgrades Harley-Davidson (NYSE: HOG) from Hold to Sell. Price target lowered from $21 to $16.

Bank of America downgrades DuPont (NYSE: DD) from Neutral to Underperform.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Dendreon (Nasdaq: DNDN) with a Buy rating and $36 price target. Click here for the full report.

Credit Suisse initiated coverage on Netflix (Nasdaq: NFLX) with an Underperform, its lowest rating. The firm also set a $31 price target which is 24% below yesterday's close of $40.71.

BB&T Capital initiates coverage on NIKE, Inc. (NYSE: NKE) with a Buy rating.

Deutsche Bank initiates coverage on Navistar International (NYSE: NAV) with a Buy rating and $57 price target, which implies 41% upside from current levels. Here is the full report.

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


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Stocks Mentioned

ANF 39.97

-0.84 -2.06%
Volume: 2,756,343
Track ANF

DD 34.40

-0.75 -2.13%
Volume: 2,594,556
Track DD

DNDN 27.24

-0.45 -1.63%
Volume: 950,094
Track DNDN

GPS 22.03

-0.39 -1.74%
Volume: 3,860,318
Track GPS

HOG 28.69

-0.41 -1.41%
Volume: 1,384,073
Track HOG

JTX 3.96

-0.16 -3.88%
Volume: 224,662
Track JTX

NAV 32.18

-0.48 -1.47%
Volume: 360,736
Track NAV

NFLX 57.85

-1.37 -2.31%
Volume: 822,094
Track NFLX

NKE 65.05

-0.65 -0.99%
Volume: 1,174,735
Track NKE

PHM 9.11

-0.30 -3.19%
Volume: 3,194,117
Track PHM

TIN 17.83

-0.56 -3.05%
Volume: 735,038
Track TIN


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