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 129.66

+0.67 +0.52%
Volume: 6,655,271
Track AMZN

ATHN 42.27

-0.18 -0.42%
Volume: 395,751
Track ATHN

AZN 44.82

-0.37 -0.82%
Volume: 1,304,437
Track AZN

BRCM 28.76

-0.40 -1.37%
Volume: 9,307,686
Track BRCM

COP 52.08

-0.48 -0.91%
Volume: 11,853,835
Track COP

FRP 0.37

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

KO 57.48

+0.60 +1.05%
Volume: 10,349,336
Track KO

MA 231.16

+1.07 +0.47%
Volume: 1,811,859
Track MA

MOV 10.49

-0.01 -0.10%
Volume: 119,443
Track MOV

PLD 13.30

+0.06 +0.45%
Volume: 7,908,657
Track PLD

PVH 43.08

+0.08 +0.19%
Volume: 1,269,179
Track PVH

RIG 83.80

-1.42 -1.67%
Volume: 5,244,655
Track RIG

RL 78.57

-0.14 -0.18%
Volume: 1,172,823
Track RL

SNV 1.68

+0.10 +6.33%
Volume: 45,048,310
Track SNV

SVU 14.94

-0.19 -1.26%
Volume: 3,751,246
Track SVU

USB 23.29

+0.16 +0.69%
Volume: 11,220,998
Track USB


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