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 17.87

+0.46 +2.64%
Volume: 6,073,803
Track AKS

ANAD 3.23

+0.08 +2.54%
Volume: 446,221
Track ANAD

BHI 43.13

+0.63 +1.48%
Volume: 3,015,502
Track BHI

CAT 60.02

+0.06 +0.10%
Volume: 5,650,573
Track CAT

DENN 2.30

+0.03 +1.32%
Volume: 377,225
Track DENN

IPI 26.16

+0.58 +2.27%
Volume: 1,152,775
Track IPI

STI 20.96

+0.67 +3.30%
Volume: 4,656,789
Track STI

TGT 50.04

-0.45 -0.89%
Volume: 3,645,544
Track TGT

USB 24.38

+0.05 +0.21%
Volume: 9,768,545
Track USB

XTO 44.26

-0.36 -0.81%
Volume: 3,601,111
Track XTO


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