Notable Analyst Rating Changes 9/17: FWLT, MGM, GNW, VIA, NUE, USB, CSIQ Upgraded; BDK, BWA, BTU, PCX, KR, NTAP Downgraded

September 17, 2009 10:23 AM EDT

UPGRADES:
Goldman Sachs upgrades Foster Wheeler AG (Nasdaq: FWLT) from Neutral to Buy with a $41 price target.

ARGUS upgrades MGM MIRAGE (NYSE: MGM) two-notches from Sell to Buy. The firm also set an $18 price target.

Deutsche Bank upgraded Genworth Financial (NYSE: GNW) from Hold to Buy, saying the $600 million equity capital raise further improves holding company liquidity. The firm raised their price target from $7 to $18. Click here for more color on the upgrade.

UBS upgrades Viacom (NYSE: VIA) from Neutral to Buy. Price target $34.

Citi upgrades Nucor (NYSE: NUE) from Hold to Buy. Price target increased from $46 to $57.

Rochdale's Dick Bove upgraded shares of US Bancorp (NYSE: USB) this morning, also lifting his price target. The analyst moved his investment rating on the bank from Neutral to Buy, also boosting his price target from $25 to $28.

Collins Stewart upgrades Canadian Solar (Nasdaq: CSIQ) to Buy. The firm sets a $21 price target. Click here for the full report.

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

DOWNGRADES:
UBS downgrades Black & Decker (NYSE: BDK) from Buy to Neutral. The firm raised its price target from $45 to $50.

KeyBanc downgrades BorgWarner Inc. (NYSE: BWA) from Buy to Hold. Click here for more color on the downgrade.

UBS downgrades Peabody (NYSE: BTU) and Patriot Coal (NYSE: PCX) to Neutral.

Morgan Stanley downgrades Kroger (NYSE: KR) from Overweight to Equalweight.

MKM Partners downgrades NetApp (Nasdaq: NTAP) from Buy to Neutral. Price target $25.

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

NEW COVERAGE:
Jefferies & Co initiates coverage on Itron (Nasdaq: ITRI) with a Buy. Price target $77.

RBC Capital initiates coverage on Vanguard Natural Resources (NYSE: VNR) with an Outperform. Price target $17.

Lazard Capital initiates coverage on Lamar Advertising (Nasdaq: LAMR) with a Buy. Price target $29.

Miller Tabak initiates coverage on Finisar (Nasdaq: FNSR) with a Buy. Price target $2.

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


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Stocks Mentioned

BDK 60.84

-1.58 -2.53%
Volume: 199,339
Track BDK

BTU 44.59

-1.41 -3.07%
Volume: 2,220,735
Track BTU

BWA 30.44

-0.58 -1.87%
Volume: 313,314
Track BWA

CSIQ 21.28

+0.20 +0.95%
Volume: 780,279
Track CSIQ

FNSR 9.11

-0.19 -2.04%
Volume: 111,482
Track FNSR

FWLT 30.48

-0.92 -2.93%
Volume: 1,230,116
Track FWLT

GNW 10.89

-0.20 -1.80%
Volume: 7,491,648
Track GNW

ITRI 60.78

-1.22 -1.97%
Volume: 135,407
Track ITRI

KR 22.90

-0.14 -0.61%
Volume: 1,614,831
Track KR

LAMR 28.54

-0.65 -2.23%
Volume: 200,249
Track LAMR

MGM 10.63

-0.38 -3.45%
Volume: 13,930,573
Track MGM

NTAP 30.87

-0.58 -1.84%
Volume: 1,903,501
Track NTAP

NUE 41.94

-1.14 -2.65%
Volume: 1,458,270
Track NUE

PCX 13.12

-0.29 -2.16%
Volume: 1,498,986
Track PCX

USB 23.25

-0.32 -1.36%
Volume: 3,713,565
Track USB

VIA 31.69

-0.32 -1.00%
Volume: 18,637
Track VIA

VNR 17.93

-0.28 -1.54%
Volume: 63,607
Track VNR


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