Notable Analyst Rating Changes 7/23: AKS, BHI, STI Upgraded; USB, TGT, USB, CAT Downgraded

July 23, 2008 10:17 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
J.P. Morgan upgrades AK Steel (NYSE: AKS) from Neutral to Overweight.

UBS, RBC, and Raymond James upgrade Baker Hughes (NYSE: BHI) to Buy, Sector Perform and Strong Buy, respectively.

Morgan Keegan upgrades SunTrust Banks (NYSE: STI) from Market Perform to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades US Bancorp (NYSE: USB) from Buy to Neutral.

Credit Suisse downgrades Target Corp. (NYSE: TGT) from Outperform to Neutral.

BMO Capital downgrades XTO Energy (NYSE: XTO) from Outperform to Market Perform.

JP Morgan downgrades Caterpillar Inc. (NYSE: CAT) from Overweight to Neutral.

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

NEW COVERAGE:
BMO Capital initiates coverage on Intrepid Potash (NYSE: IPI) with an Outperform. Price target $80.

Piper Jaffray assumes coverage of ANADIGICS (NASDAQ: ANAD) with a Neutral rating. Piper lowers the price target from $10 to $8.

Feltl & Co. initiates coverage on Denny's (Nasdaq: DENN) with a Buy. Price target $3.50.

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


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Stocks Mentioned

AKS 21.36

+0.69 +3.34%
Volume: 8,617,353
Track AKS

ANAD 3.61

+0.31 +9.39%
Volume: 1,998,907
Track ANAD

BHI 40.48

-0.58 -1.41%
Volume: 3,636,244
Track BHI

CAT 58.94

-0.74 -1.24%
Volume: 7,879,689
Track CAT

DENN 2.34

+0.06 +2.63%
Volume: 431,843
Track DENN

IPI 32.28

+1.03 +3.30%
Volume: 2,813,342
Track IPI

STI 23.29

+0.09 +0.39%
Volume: 16,992,593
Track STI

TGT 47.72

+0.94 +2.01%
Volume: 11,267,354
Track TGT

USB 24.43

+0.09 +0.37%
Volume: 10,026,199
Track USB

XTO 42.29

-0.64 -1.49%
Volume: 5,853,489
Track XTO


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