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Notable Analyst Rating Changes 8/31: GME, KFN, KBH, BWA Upgraded; MS, SPF, KOF, SHAW Downgraded

August 31, 2009 10:12 AM EDT
UPGRADES:
Goldman Sachs upgrades GameStop (NYSE: GME) from Neutral to Buy and added the stock to their Conviction Buy List with a $28 price target, representing 19% upside.

JMP Securities upgrades KKR Financial Holdings (NYSE: KFN) from Market Perform to Market Outperform.

Raymond James upgrades KB Home (NYSE: KBH) from Underperform to Market Perform.

Wells Fargo upgrades BorgWarner (NYSE: BWA) to Outperform. Valuation Range: $39-$42 from $32-$34. Click here for more color on the upgrade.

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

DOWNGRADES:
BofA/Merrill downgrades Morgan Stanley (NYSE: MS) from Buy to Neutral.

Raymond James downgrades Standard Pacific (NYSE: SPF) from Market Perform to Underperform.

UBS downgrades Coca-Cola FEMSA (NYSE: KOF) from Neutral to Sell.

J.P. Morgan downgrades Shaw Group (NYSE: SHAW) from Overweight to Neutral. Price target increased to $33.50 from $30.

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

NEW COVERAGE:
Stifel Nicolaus initiates coverage on JetBlue (Nasdaq: JBLU) with a Buy rating. Price target $8.

Raymond James initiates coverage on Gildan Activewear (NYSE: GIL) with an Outperform. Price target $25.

CL King initiates coverage on Columbus McKinnon (Nasdaq: CMCO) with a Neutral rating.

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

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Goldman Sachs Conviction Buy List, Stifel Nicolaus, UBS, JPMorgan, Raymond James, Morgan Stanley, Bank of America, JMP Securities, CL King, Notable Analyst Rating Changes

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