Notable Analyst Rating Changes 9/29: RL, PVH, COP, USB, BRCM, ATHN, MOV Upgraded; SNV, AZN, PD, FRP Downgraded

September 29, 2009 11:38 AM EDT

UPGRADES:
Goldman Sachs upgrades Polo Ralph Lauren Corporation (NYSE: RL) from Neutral to Buy with a $90 price target.

Bank of America Merrill Lynch upgrades Phillips-Van Heusen (NYSE: PVH) from Neutral to Buy. The firm raised its price target from $45 to $54.

Collins Stewart upgrades ConocoPhillips (NYSE: COP) from Hold to Buy. Price target $60. Here is more color on the upgrade.

FBR Capital upgrades U.S. Bancorp (NYSE: USB) to Market Perform from Underperform, raises price target to $21 from $14. Click here to see the full report.

Barclays upgrades Broadcom (Nasdaq: BRCM) from Equalweight to Overweight. The firm raised its price target from $30 to $35.

Baird upgrades athenahealth (Nasdaq: ATHN) from Neutral to Outperform. Price target increased to $46 from $33.

Morgan Joseph upgrades Movado (NYSE: MOV) from Hold to Buy. Price target $16.

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

DOWNGRADES:
FBR Capital downgrades Synovus (NYSE: SNV) from Market Perform to Underperform; lowers price target to $2.50 from $3.00. Click here for the full report.

Collins Stewart downgrades AstraZeneca (NYSE: AZN) from Hold to Sell.

Oppenheimer downgrades ProLogis (NYSE: PLD) from Outperform to Perform.

Gabelli & Co downgrades FairPoint Communications (NYSE: FRP) from Hold to Sell.

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

NEW COVERAGE:
Standpoint Research initiates coverage on Amazon.com (Nasdaq: AMZN) with a Sell.

Citi initiates coverage on Coca-Cola (NYSE: KO) with a Buy rating and a $61 price target.

Susquehanna initiates coverage on MasterCard Incorporated (NYSE: MA) with a Positive rating and $244 price target. The firm likes MasterCard for three primary reasons: operating margin expansion, Europe, and Canada. Here is the full report.

Hapoalim Securities initiates coverage on SUPERVALU (NYSE: SVU) with an Underperform rating. Price target $11. Click here to see more color.

Gabelli & Co initiates coverage on Transocean (NYSE: RIG) with a Buy.

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


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Stocks Mentioned

AMZN 130.35

-2.41 -1.82%
Volume: 8,905,725
Track AMZN

ATHN 37.86

-1.30 -3.32%
Volume: 991,467
Track ATHN

AZN 44.11

-0.63 -1.41%
Volume: 928,461
Track AZN

BRCM 33.67

-0.32 -0.94%
Volume: 7,679,259
Track BRCM

COP 52.37

-0.34 -0.65%
Volume: 11,727,114
Track COP

FRP 0.37

+0.00 +0.00%
Volume: 5,500
Track FRP

KO 54.75

+0.80 +1.48%
Volume: 21,805,384
Track KO

MA 244.36

-1.94 -0.79%
Volume: 980,004
Track MA

MOV 11.17

-0.22 -1.93%
Volume: 192,616
Track MOV

PLD 14.04

-0.55 -3.77%
Volume: 9,732,826
Track PLD

PVH 53.73

-0.35 -0.65%
Volume: 1,418,087
Track PVH

RIG 81.84

-1.83 -2.19%
Volume: 6,120,395
Track RIG

RL 82.86

-0.46 -0.55%
Volume: 1,056,613
Track RL

SNV 3.46

-0.12 -3.35%
Volume: 13,454,844
Track SNV

SVU 16.73

-0.41 -2.39%
Volume: 5,452,046
Track SVU

USB 26.14

+0.15 +0.58%
Volume: 13,977,277
Track USB


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