Notable Analyst Rating Changes 9/18: ETFC, SNDK, TOL, SBUX, PG, AMED Upgraded; SCHW, GENZ, MDC, IMAX, MOT Downgraded

September 18, 2009 10:37 AM EDT

UPGRADES:
Goldman Sachs upgrades ETrade (Nasdaq: ETFC) from Neutral to Buy and raised their 6-month price target from $1.70 to $2.30. The firm cited improving trends in the bank and broker segments.

Merrill Lynch/BAM is upgrading Sandisk (NASDAQ: SNDK) to Buy from Undererform with a $30 target (prev. $9.90). Click here to read the full report.

JP Morgan upgrades Toll Brothers (NYSE: TOL) from Neutral to Overweight with a $29 price target.

Piper Jaffray upgrades Starbucks (Nasdaq: SBUX) from Neutral to Overweight and raised their price target from $13 to $24, saying they have more conviction in mid-teens EPS growth. Here is more color on the upgrade.

Citigroup upgrades Procter & Gamble (NYSE: PG) from Hold to Buy and raised their price target from $54 to $66. The firm said P&G will become more aggressive to win back lost market share.

UBS upgrades Amedisys (Nasdaq: AMED) from Neutral to Buy, also raising its price target from $46 to $57.

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

DOWNGRADES:
Goldman Sachs downgrades Charles Schwab Corp. (Nasdaq: SCHW) from Neutral to Sell.

Deutsche Bank downgrades Genzyme (Nasdaq: GENZ) to Hold from Buy. Price target $61. Click here to see the full report.

JPMorgan downgrades MDC Holdings (NYSE: MDC) from Overweight to Underweight. The firm raised its price target from $29 to $37.50.

Merriman Curhan Ford downgrades IMAX Corporation (Nasdaq: IMAX) from Buy to Neutral. Here's more color on the downgrade.

Hilliard Lyons downgrades Motorola (NYSE: MOT) from Long-Term Buy to Neutral.

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

NEW COVERAGE:
FBR Capital initiates coverage on Lincoln National Corporation (NYSE: LNC) with an Outperform rating and $35 price target, citing favrable risk/reward with capital in place. Click here to see the full report.

Soleil Securities initiates coverage on Alcatel-Lucent (NYSE: ALU) with a Buy. Price target $6. Here is more color on the coverage.

Morgan Stanley initiates coverage on Interoil Corp. (NYSE: IOC) with an Overweight rating. Here is the full report.

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

Related Categories

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Stocks Mentioned

Related Entities

• Piper Jaffray
• Deutsche Bank
• UBS
• JPMorgan
• Citi
• Morgan Stanley
• Merrill Lynch
• Soleil Securities
• Merriman Curhan Ford
• Hilliard Lyons
• Notable Analyst Rating Changes

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