Notable Analyst Rating Changes 9/25: UAUA, APA, AXP, CAT, FMCN, COL Upgraded; RIMM, ABV, EMCI, MNKD, TXT Downgraded

September 25, 2009 10:08 AM EDT

UPGRADES:
UBS upgrades UAL Corp. (Nasdaq: UAUA) to Buy, also named Top Pick in the sector. Click here for the full report.

Goldman Sachs upgrades Apache Corp. (NYSE: APA) from Neutral to Buy, citing oil/liquids exposure,
expected North America resource improvements and attractive valuation.

Buckingham Research upgrades American Express (NYSE: AXP) from Neutral to Accumulate with a $46 price target.

Credit Suisse upgrades Caterpillar (NYSE: CAT) from Neutral to Outperform. Click here for the full report.

Susquehanna upgrades Focus Media Holding Limited (Nasdaq: FMCN) from Neutral to Positive with a $13 price target. Click here for more color.

Bank of America upgrades Rockwell Collins (NYSE: COL) from Underperform to Neutral. Price target increased from $43 to $55.

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

DOWNGRADES:
Research In Motion (Nasdaq: RIMM) downgraded at Deutsche Bank, Goldman Sachs, Raymond James and Atlantic Equities.

Morgan Stanley downgrades AmBev (NYSE: ABV) from Overweight to Equalweight. Price target increased from $75 to $86.

Keefe, Bruyette & Woods downgrades EMC Insurance Group Inc. (Nasdaq: EMCI) from Market Perform to Underperform. Price target $19. Click here to see more color.

Oppenheimer downgrades MannKind (Nasdaq: MNKD) from Perform to Underperform.

Cowen & Co downgrades Textron (NYSE: TXT) from Outperform to Neutral.

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

NEW COVERAGE:
KeyBanc initiates coverage on Nordstrom, Inc. (NYSE: JWN) with a Buy. Price target $39. Click here for more color on the coverage.

Oppenheimer initiates coverage on American Express (NYSE: AXP) and Discover Financial (NYSE: DFS) with Outperform ratings.

Soleil Securities initiates coverage on United Natural Foods (Nasdaq: UNFI) with a Buy. Price target, $29. Here is the full report.

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


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Stocks Mentioned

ABV 98.48

+0.03 +0.03%
Volume: 374,984
Track ABV

APA 95.75

-2.20 -2.25%
Volume: 1,974,157
Track APA

AXP 40.84

-0.88 -2.11%
Volume: 6,005,391
Track AXP

CAT 57.45

-1.59 -2.69%
Volume: 5,189,544
Track CAT

COL 53.70

-0.80 -1.47%
Volume: 378,775
Track COL

DFS 15.13

-0.57 -3.63%
Volume: 2,750,954
Track DFS

EMCI 20.85

-0.89 -4.09%
Volume: 10,502
Track EMCI

FMCN 12.83

-0.12 -0.93%
Volume: 999,826
Track FMCN

JWN 34.02

-0.81 -2.33%
Volume: 1,909,044
Track JWN

MNKD 6.91

-0.04 -0.58%
Volume: 540,970
Track MNKD

RIMM 58.14

-1.62 -2.71%
Volume: 7,265,717
Track RIMM

TXT 20.08

-0.65 -3.14%
Volume: 1,810,577
Track TXT

UAUA 7.25

-0.08 -1.09%
Volume: 3,669,523
Track UAUA

UNFI 25.13

-0.88 -3.38%
Volume: 176,995
Track UNFI


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