Notable Analyst Rating Changes 7/13: GS, BBY, KFT, GWW Upgraded; BEAT, STP, IPI, CPLA Downgraded

July 13, 2009 9:43 AM EDT

UPGRADES:
Meredith Whitney Advisory Group upgraded Goldman Sachs (NYSE: GS) to Buy from Neutral with a $186 price target. Click here for more color on the upgrade.

Oppenheimer upgrades Best Buy (NYSE: BBY) from Perform to Outperform.

BMO Capital upgrades Kraft (NYSE: KFT) from Market Perform to Outperform.

Bank of America upgrades W.W. Grainger, Inc. (NYSE: GWW) from Neutral to Buy and raises their price target from $85 to $100.

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

DOWNGRADES:
Leerink Swann downgrades CardioNet (Nasdaq: BEAT) from Outperform to Market Perform. Here is more color on the downgrade.

Hapoalim downgrades Suntech Power Holdings Co. Ltd. (NYSE: STP) to Sell with a $9 price target, citing escalating solar module price war. Click here for the full report.

Oppenheimer downgradeds Intrepid Potash, Inc. (NYSE: IPI) from Outperform to Undeperform.

Credit Suisse downgrades Capella Education (Nasdaq: CPLA) from Outperform to Neutral.

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

NEW COVERAGE:
Needham & Co initiates coverage on JA Solar (Nasdaq: JASO) with a Buy. Price target $5.

Leerink Swann initiates coverage on Thoratec Corp. (Nasdaq: THOR) with an Outperform rating. Valuation $33-$37.

Bank of America initiates coverage on CenturyTel (NYSE: CTL) 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

BBY 42.83

-0.43 -0.99%
Volume: 3,036,999
Track BBY

BEAT 4.78

-0.18 -3.63%
Volume: 405,045
Track BEAT

CPLA 71.05

-0.98 -1.36%
Volume: 39,572
Track CPLA

CTL 36.31

+0.09 +0.25%
Volume: 1,786,794
Track CTL

GS 164.16

-4.76 -2.82%
Volume: 6,883,185
Track GS

GWW 97.46

-1.17 -1.19%
Volume: 426,801
Track GWW

IPI 30.98

-0.64 -2.02%
Volume: 757,393
Track IPI

JASO 3.83

-0.10 -2.54%
Volume: 2,285,453
Track JASO

KFT 26.64

-0.16 -0.60%
Volume: 4,468,515
Track KFT

STP 14.18

-0.64 -4.32%
Volume: 3,412,822
Track STP

THOR 29.73

-0.42 -1.39%
Volume: 393,963
Track THOR


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