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 37.62

+2.61 +7.46%
Volume: 5,780,696
Track ANF

DD 34.49

+1.11 +3.33%
Volume: 4,105,853
Track DD

DNDN 29.23

+0.62 +2.17%
Volume: 2,161,375
Track DNDN

GPS 22.94

-0.09 -0.39%
Volume: 8,989,295
Track GPS

HOG 27.09

+1.36 +5.29%
Volume: 2,914,904
Track HOG

JTX 4.92

+0.00 +0.00%
Volume: 132,735
Track JTX

NAV 35.53

+0.98 +2.84%
Volume: 1,477,623
Track NAV

NFLX 56.99

+1.13 +2.02%
Volume: 1,036,378
Track NFLX

NKE 65.20

+0.64 +0.99%
Volume: 1,810,549
Track NKE

PHM 9.79

+0.14 +1.45%
Volume: 7,741,154
Track PHM

TIN 16.24

+0.43 +2.72%
Volume: 1,065,766
Track TIN


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