Notable Analyst Rating Changes 8/20: GG, AUY, ESI Upgraded; M, KSS, NVTL Downgraded

August 20, 2008 9:58 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
RBC Capital upgrades Goldcorp (NYSE: GG) from Sector Perform to Top Pick.

RBC Capital upgrades Yamana Gold (NYSE: AUY) from Sector Perform to Outperform.

BofA upgrades ITT Educational Services (NYSE: ESI) from Neutral to Buy.

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

DOWNGRADES:
Goldman Sachs downgrades Macy's (NYSE: M) from Buy to Neutral with a $21 price target, citing valuation.

Goldman Sachs downgrades Kohl's Corp. (NYSE: KSS) from Buy to Neutral with a $48 price target, citing valuation.

Piper Jaffray and Morgan Joseph downgrade Novatel Wireless (Nasdaq: NVTL) to Sell and Hold, respectively.

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

NEW COVERAGE:
Merrill Lynch initiates coverage on ReneSola Ltd. (NYSE: SOL) with a Buy rating and $30 price target.

Kaufman Bros initiates coverage on Salesforce.com (NYSE: CRM) with a Buy rating and $77 price target.

Goldman Sachs restarts coverage on Target (NYSE: TGT) with a Buy rating and $56 price target.

Leerink Swann initiates coverage on Amgen Inc. (Nasdaq: AMGN) with an Outperform rating.

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


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Stocks Mentioned

AMGN 51.47

-1.29 -2.45%
Volume: 7,573,563
Track AMGN

AUY 29.87

+20.40 +215.42%
Volume: 443,501
Track AUY

CRM 29.82

-9.09 -23.36%
Volume: 436,244
Track CRM

ESI 25.06

-72.48 -74.31%
Volume: 429,227
Track ESI

GG 25.02

-11.27 -31.06%
Volume: 444,631
Track GG

KSS 41.25

-1.34 -3.15%
Volume: 4,224,575
Track KSS

M 26.38

+14.64 +124.70%
Volume: 452,221
Track M

NVTL 9.01

-0.34 -3.64%
Volume: 453,065
Track NVTL

SOL 29.88

+24.31 +436.45%
Volume: 451,942
Track SOL

TGT 26.37

-12.32 -31.84%
Volume: 446,551
Track TGT


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