Notable Analyst Rating Changes 6/8: BX, WSM, LYG, STZ Upgraded; GOOG, HOV, STO Downgraded

June 8, 2009 9:50 AM EDT

UPGRADES:
Goldman Sachs upgrades The Blackstone Group (NYSE: BX) from Neutral to Buy with a $13 price target.

Piper Jaffray upgrades Williams-Sonoma (NYSE: WSM) from Neutral to Buy with a $15 price target ahead of its presentation at the Piper Jaffray Consumer conference tomorrow. Click here for more color on the upgrade.

Deutsche Bank upgrades Lloyds Banking Group (NYSE: LYG) from Sell to Buy. Price target increased from 35p to 100p. Click herefor the full report.

Stifel Nicolaus upgrades Constellation Brands (NYSE: STZ) from Hold to Buy. Price target $16.

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

DOWNGRADES:
Benchmark downgraded Google (Nasdaq: GOOG) from Buy to Hold, citing indications of softening
online ad trends. HOV) to Underperform. Valuation Range: $0 to $1. Click here for the full report.

UBS downgrades StatoilHydro (NYSE: STO) from Neutral to Sell.

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

NEW COVERAGE:
Piper Jaffray & Co. initiates coverage on Airgas Inc. (NYSE: ARG) with a Buy. Price target $54. Here is the full report.

Brean Murray initiates coverage on Changyou.com (Nasdaq: CYOU) with a Buy. Price target $47. Here is the full report.

UBS initiates coverage on Sasol Limited (NYSE: SSL) with a Neutral rating.

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


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Stocks Mentioned

ARG 61.32

+0.77 +1.27%
Volume: 3,373,393
Track ARG

BX 12.68

+0.20 +1.60%
Volume: 1,792,461
Track BX

CYOU 33.49

+0.48 +1.45%
Volume: 78,924
Track CYOU

GOOG 537.10

+3.63 +0.68%
Volume: 2,491,258
Track GOOG

HOV 3.70

+0.06 +1.65%
Volume: 1,104,452
Track HOV

LYG 3.12

+0.20 +6.85%
Volume: 4,572,978
Track LYG

SSL 36.36

+1.17 +3.32%
Volume: 223,933
Track SSL

STO 22.30

+0.73 +3.38%
Volume: 1,432,536
Track STO

STZ 15.24

+0.31 +2.08%
Volume: 1,147,436
Track STZ

WSM 19.64

+0.40 +2.08%
Volume: 1,852,877
Track WSM


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