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 21.48

+0.81 +3.92%
Volume: 2,413,926
Track AKS

ANAD 3.47

+0.17 +5.15%
Volume: 414,242
Track ANAD

BHI 40.88

-0.18 -0.44%
Volume: 624,990
Track BHI

CAT 59.56

-0.12 -0.20%
Volume: 1,275,707
Track CAT

DENN 2.31

+0.03 +1.32%
Volume: 63,055
Track DENN

IPI 32.14

+0.89 +2.85%
Volume: 580,706
Track IPI

STI 23.29

+0.09 +0.39%
Volume: 5,772,069
Track STI

TGT 47.60

+0.82 +1.75%
Volume: 2,069,726
Track TGT

USB 24.30

-0.04 -0.16%
Volume: 1,926,087
Track USB

XTO 42.66

-0.27 -0.63%
Volume: 964,457
Track XTO


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