Notable Analyst Rating Changes 7/29: MCK, CPB, COH, ROK, MEE Upgraded; MS, MGM, AFL, WDC, PERY, LRY Downgraded

July 29, 2009 10:17 AM EDT

UPGRADES:
Baird upgrades McKesson (NYSE: MCK) from Neutral to Outperform. Price target increased from $46 to $60.

RBC Capital upgrades Campbell Soup (NYSE: CPB) from Underperform to Sector Perform.

Piper Jaffray & Co. upgrades Coach, Inc. (NYSE: COH) from Neutral to Overweight. Price target increased from $23 to $32. Click here to see more color on the upgrade.

Bank of America upgrades Rockwell Automation (NYSE: ROK) from Neutral to Buy. Price target increased from $26 to $50.

FBR Capital upgrades Massey Energy (NYSE: MEE) from Market Perform to Outperform. Price target increased from $22 to $32. Here is the full report.

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

DOWNGRADES:
Goldman Sachs downgrades Morgan Stanley (NYSE: MS) from Buy to Neutral and lowers their price target from $34 to $32.

Bank of America downgrades MGM Mirage (NYSE: MGM) from Buy to Neutral and lowers their price target from $11 to $8. Click here to see more color.

Citi downgrades AFLAC (NYSE: AFL) from Buy to Hold.

Baird downgrades Western Digital (NYSE: WDC) from Outperform to Neutral. Priced target increased from $26 to $34.

SunTrust downgrades Perry Ellis Int'l (Nasdaq: PERY) from Buy to Neutral.

BMO and Stifel Nicolaus downgrade Liberty Property Trust (NYSE: LRY) to Market Perform and Hold, respectively.

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

NEW COVERAGE:
UBS initiates coverage on Dow Chemical (NYSE: DOW) with a Buy rating.

ThinkEquity initiates coverage on NVIDIA (Nasdaq: NVDA) with an Accumulate rating. Price target $13.

Cantor Fitzgerald initiates coverage on MDRNA (Nasdaq: MRNA) with a Buy. Price target $4. Click here for the full report.

ThinkEquity initiates coverage on Cypress Semiconductor (NYSE: CY) with a Buy and $13 price target.


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


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Stocks Mentioned

AFL 49.11

-0.26 -0.53%
Volume: 1,921,142
Track AFL

COH 74.24

+1.03 +1.41%
Volume: 1,894,260
Track COH

CPB 31.99

+0.12 +0.38%
Volume: 557,026
Track CPB

CY 18.27

-0.10 -0.54%
Volume: 1,028,839
Track CY

DOW 34.51

+0.56 +1.65%
Volume: 4,997,099
Track DOW

LRY 33.55

-0.22 -0.65%
Volume: 344,277
Track LRY

MCK 82.32

-0.52 -0.63%
Volume: 645,910
Track MCK

MEE 65.14

+0.00 +0.00%
Volume: 32,962
Track MEE

MGM 14.51

+0.24 +1.68%
Volume: 10,998,744
Track MGM

MRNA 0.72

+0.00 +0.00%
Volume: 33,485
Track MRNA

MS 20.32

-0.12 -0.59%
Volume: 16,039,109
Track MS

NVDA 16.43

+0.12 +0.74%
Volume: 9,185,141
Track NVDA

PERY 17.72

+0.71 +4.17%
Volume: 187,149
Track PERY

ROK 81.94

-0.10 -0.12%
Volume: 528,794
Track ROK

WDC 39.26

-0.51 -1.28%
Volume: 2,284,976
Track WDC


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