Notable Analyst Rating Changes 9/1: MOT, RIMM, VALE, BHI, BHP, COH, LMT Upgraded; AIG, NOK, QCOM, ALU, AXL, VZ Downgraded

September 1, 2009 10:09 AM EDT

UPGRADES:
Credit Suisse upgraded Motorola Inc. (NYSE: MOT) and Research In Motion Ltd. (Nasdaq: RIMM) from Neutral to Outperform, citing a recovery at Motorola's mobile-phone division and growing demand for RIM's BlackBerry. The firm raised their price target on MOT from $7 to $9.50 and from $76 to $95 on RIMM.

Credit Suisse upgrades Vale (NYSE: VALE) from Neutral to Outperform, also raising its price target from $24 to $19.

Sterne Agee and Howard Weil upgrade Baker Hughes (NYSE: BHI) to Market Outperform and Buy, respectively.

UBS upgrades BHP Billiton (NYSE: BHP) from Neutral to Buy.

Bank of America upgrades Coach (NYSE: COH) from Neutral to Buy. Price target increased from $28 to $36.

Citi upgrades Lockheed Martin (NYSE: LMT) from Hold to Buy. Price target increased from $78 to $90.

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

DOWNGRADES:
Sanford Bernstein is out downgrading American Intl Group (NYSE: AIG) to Underperform from Market Perform and maintaining their $10 tgt. Click here for more color on the downgrade.

Credit Suisse downgraded Nokia (NYSE: NOK) from Outperform to Undeperform, saying the company will likely lose market share in the important smart-phone market next year. The firm also downgraded QUALCOMM (Nasdaq: QCOM) and Alcatel-Lucent (NYSE: ALU) from Outperform to Neutral.

Deutsche Bank downgrades American Axle (NYSE: AXL) to Hold. Price target increased from $5 to $6.50. Here is the full report.

Auriga downgrades Verizon (NYSE: VZ) from Buy to Hold. Price target lowered from $40 to $34. Here is more color on the downgrade.

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

NEW COVERAGE:
Thomas Weisel initiates coverage on Viacom (NYSE: VIA.B) with a Marketweight rating. Price target $28.

Bank of America initiates coverage on MedAssets (Nasdaq: MDAS) with a Buy. Price target $26.

Stifel Nicolaus initiates coverage on Darden Restaurants (NYSE: DRI) with a Buy rating.

Lazard Capital initiates coverage on Polycom (Nasdaq: PLCM) with a Hold.

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

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• Credit Suisse
• Stifel Nicolaus
• Deutsche Bank
• UBS
• Citi
• Banc of America
• Sanford C. Bernstein
• Lazard
• Sterne Agee
• Thomas Weisel Partners Group
• Notable Analyst Rating Changes

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