Notable Analyst Rating Changes 7/1: YUM, TRW, MGA, MVL Upgraded; FRPT, NDAQ, BEAT, MYGN Downgraded

July 1, 2009 9:39 AM EDT

UPGRADES:
Goldman Sachs upgrades Yum! Brands (NYSE: YUM) from Neutral to Buy and raises their price target from $36 to $40.

Bank of America upgrades TRW Automotive (NYSE: TRW) from Underperform to Neutral. Price target increased to $11.50.

Bank of America upgrades Magna (NYSE: MGA) from Underperform to Buy. The firm also upgraded a host of other auto suppliers.

J.P. Morgan upgrades Marvel (NYSE: MVL) from Neutral to Overweight.

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

DOWNGRADES:
Collins Stewart downgrades Force Protection (Nasdaq: FRPT) to Hold. Click here for more color on the downgrade.

Deutsche Bank downgrades NASDAQ OMX (Nasdaq: NDAQ) from Buy to Hold. Price target $23. Click here for the full report.

Citi and Roth Capital downgrade CardioNet (Nasdaq: BEAT) to Hold.

Oppenheimer downgrades Myriad Genetics (Nasdaq: MYGN) from Outperform to Perform.

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

NEW COVERAGE:
Oppenheimer initiates coverage on IAC/InterActiveCorp (Nasdaq: IACI) with an Outperform rating and $19 price target.

Bank of America resumes coverage on Peabody Energy (NYSE: BTU) with a Buy. Price target $38.

ThinkEquity initiates coverage on OpenTable (Nasdaq: OPEN) with a Buy. Price target $35.

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


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Stocks Mentioned

BEAT 4.57

-0.11 -2.35%
Volume: 212,774
Track BEAT

BTU 45.27

+0.31 +0.69%
Volume: 1,982,213
Track BTU

FRPT 5.29

+0.05 +0.95%
Volume: 162,208
Track FRPT

IACI 19.18

-0.04 -0.21%
Volume: 420,177
Track IACI

MGA 48.53

-0.65 -1.32%
Volume: 100,307
Track MGA

MVL 52.42

-0.10 -0.19%
Volume: 1,667,788
Track MVL

MYGN 24.50

-0.01 -0.04%
Volume: 442,520
Track MYGN

NDAQ 19.74

+0.14 +0.71%
Volume: 1,546,689
Track NDAQ

OPEN 27.11

+0.11 +0.41%
Volume: 24,570
Track OPEN

TRW 23.48

+0.38 +1.65%
Volume: 470,050
Track TRW

YUM 35.51

+0.19 +0.54%
Volume: 2,889,739
Track YUM


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