Notable Analyst Rating Changes 9/24: MTH, NSM, WFC, AIMC, CPN, SHFL Higher; LLL, AZN, VIP, ANN, KGC, UFS Downgraded

September 24, 2009 10:21 AM EDT

UPGRADES:
Goldman upgraded Meritage (NYSE: MTH) from Neutral to Conviction Buy with a $22 price target.

Citi upgrades National Semiconductor (NYSE: NSM) from Hold to Buy. Click here for some more color on the upgrade.

Atlantic Equities upgrades Wells Fargo (NYSE: WFC) from Underweight to Neutral.

Bank of America upgrades Altra Holdings (Nasdaq: AIMC) from Neutral to Buy. Price target increased from $6 to $13.

Citi upgrades Calpine (NYSE: CPN) from Hold to Buy. Price target increased from $13 to $16.50.

Roth Capital upgrades Shuffle Master (Nasdaq: SHFL) from Hold to Buy. Price target increased from $8 to $11.

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

DOWNGRADES:
JPMorgan downgrades L-3 Communications (NYSE: LLL) from Overweight to Neutral.

Goldman Sachs downgrades AstraZeneca plc (NYSE: AZN) from Neutral to Sell, saying Crestor litigation is likely to weigh on performance.

Deutsche Bank downgrades VimpelCom (NYSE: VIP) from Buy to Hold. Price target $18. Click here for the full report.

Goldman Sachs downgrades AnnTaylor Stores Corp. (NYSE: ANN) from Buy to Neutral, citing a more balanced risk/reward. The firm notes shares have almost doubled since two months ago and risks still remain. The firm has a $17 price target on ANN.

Thomas Weisel downgrades Kinross Gold (NYSE: KGC) from Overweight to Marketweight.

Deutsche Bank downgrades Domtar (NYSE: UFS) from Buy to Hold. Price target raised to $40. Here is the full report.

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

NEW COVERAGE:
Oppenheimer initiates coverage on Fuqi International (Nasdaq: FUQI) with an Outperform rating. Price target $38.

FTN Equity initiates coverage on Genzyme (Nasdaq: GENZ) with a Neutral rating. Price target $64.

Brean Murray initiates coverage on Phillips-Van Heusen (NYSE: PVH) with a Buy. Price target $51. Click here for the full report.

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


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Stocks Mentioned

AIMC 10.96

-0.63 -5.44%
Volume: 46,680
Track AIMC

ANN 14.24

-0.59 -3.98%
Volume: 1,593,665
Track ANN

AZN 45.29

-1.09 -2.35%
Volume: 1,262,510
Track AZN

CPN 11.06

-0.12 -1.07%
Volume: 552,560
Track CPN

FUQI 20.92

-1.08 -4.91%
Volume: 1,017,131
Track FUQI

GENZ 51.07

-0.45 -0.87%
Volume: 1,251,968
Track GENZ

KGC 19.37

-0.93 -4.58%
Volume: 6,196,050
Track KGC

LLL 78.45

-1.55 -1.94%
Volume: 348,302
Track LLL

MTH 18.16

-0.62 -3.30%
Volume: 262,486
Track MTH

NSM 14.47

-0.10 -0.69%
Volume: 2,286,752
Track NSM

PVH 41.15

-0.70 -1.67%
Volume: 233,663
Track PVH

SHFL 8.33

+0.06 +0.73%
Volume: 163,758
Track SHFL

UFS 53.61

-1.67 -3.02%
Volume: 569,282
Track UFS

VIP 19.14

-0.40 -2.05%
Volume: 2,159,154
Track VIP

WFC 27.14

-0.69 -2.48%
Volume: 23,176,724
Track WFC


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