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 54.19

+0.09 +0.17%
Volume: 101,656
Track AMGN

AUY 12.61

+0.00 +0.00%
Volume: 120,237
Track AUY

CRM 63.67

+0.00 +0.00%
Volume: 200
Track CRM

ESI 93.30

+0.00 +0.00%
Volume: 200
Track ESI

GG 44.87

+0.82 +1.86%
Volume: 25,694
Track GG

KSS 56.36

+0.00 +0.00%
Volume: 500
Track KSS

M 19.43

+0.00 +0.00%
Volume: 2,772,010
Track M

NVTL 9.24

+0.00 +0.00%
Volume: 400
Track NVTL

SOL 4.09

+0.00 +0.00%
Volume: 6,700
Track SOL

TGT 50.49

+0.00 +0.00%
Volume: 1,400
Track TGT


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