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 57.35

+0.27 +0.47%
Volume: 2,409,087
Track AMGN

AUY 14.01

+0.15 +1.08%
Volume: 15,892,580
Track AUY

CRM 64.44

+0.12 +0.19%
Volume: 500,273
Track CRM

ESI 88.25

+0.83 +0.95%
Volume: 658,825
Track ESI

GG 45.63

+0.87 +1.94%
Volume: 7,818,703
Track GG

KSS 53.55

+0.58 +1.09%
Volume: 1,803,638
Track KSS

M 16.14

+0.13 +0.81%
Volume: 7,170,111
Track M

NVTL 8.59

+0.00 +0.00%
Volume: 230,032
Track NVTL

SOL 4.09

-0.03 -0.73%
Volume: 454,625
Track SOL

TGT 47.36

+0.58 +1.24%
Volume: 4,835,823
Track TGT


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