Notable Analyst Rating Changes 9/16: AMZN, AXP, COF, FO, GRMN, WMG, TTWO Upgraded; VZ, GIS, MSO, NFX Downgraded

September 16, 2009 11:01 AM EDT

UPGRADES:
Merrill Lynch/BAM is upgrading Amazon.com (NASDAQ: AMZN) to Buy from Neutral with a $103 price target (prev. $95) Click here for the full report.

An analyst at Sandler O'Neill upgraded shares of American Express (NYSE: AXP) and Capital One (NYSE: COF) from Sell to Hold this morning. The firm raised its price target on AmEx from $24 to $35 and its target on Capital One from $30 to $40.

Goldman Sachs upgrades Fortune Brands, Inc. (NYSE: FO) from Neutral to Buy with a $48 price target.

Deutsche Bank upgrades Garmin (Nasdaq: GRMN) to Hold. Price target increased from $15 to $33. Click here for more color on the upgrade.

Citi upgrades Warner Music Group (NYSE: WMG) from Sell to Buy. Price target increased from $2.50 to $6.

Piper Jaffray upgrades Take-Two Interactive (Nasdaq: TTWO) from Neutral to Overweight. Price target $15. Click here to see the full report.

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

DOWNGRADES:
UBS downgrades Verizon Communications (NYSE: VZ) from Buy to Neutral.

Goldman Sachs downgrades General Mills, Inc. (NYSE: GIS) from Buy to Neutral with a $66 price target.

JPMorgan downgrades Martha Stewart Living (NYSE: MSO) from Neutral to Underweight with a price target of $5.

Calyon Securities downgrades Newfield Exploration (NYSE: NFX) from Buy to Underperform. Price target $44.

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

NEW COVERAGE:
An analyst at Gabelli & Co. has initiated coverage on shares of MasterCard (NYSE: MA) with a Buy rating.

Collins Stewart initiates coverage of the Health Plan sector with a Market Weight rating as we look for favorable (non-negative) developments on the healthcare reform front to be offset by continued medical cost pressures.

Wells Fargo initiates coverage on America Movil (NYSE: AMX) with an Outperform rating. $54-58 per share valuation range. Click here for more color.

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


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Stocks Mentioned

AMX 49.04

+1.23 +2.57%
Volume: 4,650,744
Track AMX

AMZN 134.03

+1.09 +0.82%
Volume: 5,076,447
Track AMZN

AXP 41.72

+0.28 +0.68%
Volume: 7,082,069
Track AXP

COF 38.76

+0.71 +1.87%
Volume: 4,181,505
Track COF

FO 39.58

+0.57 +1.46%
Volume: 559,471
Track FO

GIS 68.72

-0.30 -0.43%
Volume: 1,258,150
Track GIS

GRMN 31.83

+0.21 +0.66%
Volume: 1,142,552
Track GRMN

MA 239.84

+2.19 +0.92%
Volume: 1,167,999
Track MA

MSO 4.70

-0.13 -2.69%
Volume: 574,102
Track MSO

NFX 43.73

+0.85 +1.98%
Volume: 1,545,360
Track NFX

TTWO 11.68

+0.11 +0.95%
Volume: 1,645,993
Track TTWO

VZ 32.03

+0.16 +0.50%
Volume: 16,419,766
Track VZ

WMG 5.50

-0.70 -11.29%
Volume: 937,621
Track WMG


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