Notable Analyst Rating Changes 8/28: JCG, WSM, NOK, ARUN Upgraded; POT, MOS, BA, ENER, BMY Downgraded

August 28, 2009 10:16 AM EDT

UPGRADES:
Citi upgrades shares of J. Crew (NYSE: JCG) from Hold to Buy following its Q2 earnings last night. The firm also boosted its price target on the stock from $24 to $40. The stock was also upgraded to Hold at Needham.

Goldman Sachs upgrades Williams-Sonoma (NYSE: WSM) from Neutral to Buy with a $21 price target.

Davenport upgrades Nokia (NYSE: NOK) from Neutral to Buy, also setting an $18 price target. Click here for more color on the upgrade.

RBC Capital upgrades Aruba Networks (Nasdaq: ARUN) from Sector Perform to Outperform. Price target increased from $6 to $12.

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

DOWNGRADES:
UBS downgrades Potash (NYSE: POT) and Mosaic (NYSE: MOS) from Buy to Neutral.

Buckingham Research downgrades Boeing (NYSE: BA) from Accumulate to Neutral.

Cowen & Co. downgrades Energy Conversion Devices (Nasdaq: ENER) from Buy to Neutral.

Morgan Stanley downgrades Bristol-Myers (NYSE: BMY) from Overweight to Equalweight. Price target $23.

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

NEW COVERAGE:
Jefferies starts Barrick Gold (NYSE: ABX), Agnico-Eagle Mines (NYSE: AEM) and Newmont Mining (NYSE: NEM) at Buy.

Stifel Nicolaus initiates coverage on Walt Disney (NYSE: DIS) with a Hold rating.

Piper Jaffray & Co. initiates coverage on Becton, Dickinson (NYSE: BDX) with an Overweight rating. Price target $82. Click here for the full report.

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


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Stocks Mentioned

ABX 42.71

+0.17 +0.40%
Volume: 577,725
Track ABX

AEM 62.25

-0.17 -0.27%
Volume: 237,000
Track AEM

ARUN 8.11

-0.08 -0.98%
Volume: 25,985
Track ARUN

BA 52.03

-0.42 -0.80%
Volume: 165,408
Track BA

BDX 74.54

-0.18 -0.24%
Volume: 88,498
Track BDX

BMY 25.28

-0.10 -0.39%
Volume: 969,995
Track BMY

DIS 30.16

-0.19 -0.63%
Volume: 395,353
Track DIS

ENER 10.12

-0.03 -0.30%
Volume: 91,006
Track ENER

JCG 43.00

-0.13 -0.30%
Volume: 79,322
Track JCG

MOS 54.26

-0.09 -0.17%
Volume: 156,751
Track MOS

NEM 53.22

-0.13 -0.24%
Volume: 465,833
Track NEM

NOK 13.17

-0.04 -0.30%
Volume: 997,011
Track NOK

POT 112.40

+0.76 +0.68%
Volume: 277,497
Track POT

WSM 20.58

-0.29 -1.39%
Volume: 51,520
Track WSM


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