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 17.89

+0.48 +2.76%
Volume: 4,379,088
Track AKS

ANAD 3.22

+0.07 +2.22%
Volume: 295,904
Track ANAD

BHI 42.93

+0.43 +1.01%
Volume: 1,908,601
Track BHI

CAT 59.91

-0.05 -0.08%
Volume: 3,877,785
Track CAT

DENN 2.30

+0.03 +1.32%
Volume: 149,172
Track DENN

IPI 26.04

+0.46 +1.80%
Volume: 856,860
Track IPI

STI 20.76

+0.47 +2.32%
Volume: 3,501,291
Track STI

TGT 49.98

-0.51 -1.01%
Volume: 2,341,763
Track TGT

USB 24.41

+0.08 +0.33%
Volume: 7,123,257
Track USB

XTO 44.04

-0.58 -1.30%
Volume: 2,402,312
Track XTO


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