Notable Analyst Rating Changes 9/4: CTCM, BBD, GFA, MOV Upgraded; PSO, ARRY, ANF, ZUMZ, TTWO Downgraded

September 4, 2009 10:11 AM EDT

UPGRADES:
Goldman Sachs upgrades CTC Media, Inc (Nasdaq: CTCM) from Neutral to Buy.

Deutsche Bank upgrades Bradesco (NYSE: BBD) Buy, making it 'Top Pick' in the sector. Click here to see more color on the upgrade.

Morgan Stanley upgrades Gafisa S.A. (NYSE: GFA) to Overweight.

Morgan Joseph upgrades Movado (NYSE: MOV) to Buy. Price target $16. Here is the full report.

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

DOWNGRADES:
Goldman Sachs downgrades Pearson plc (NYSE: PSO) from Neutral to Sell and added the stock to their Sell List.

Array Biopharma (Nasdaq: ARRY) downgraded to Market Perform and Neutral at Leerink Swann and Baird, respectively.

Citigroup is out downgrading Abercrombie & Fitch Co (NYSE: ANF) to Sell from Hold while lowering their price target to $24 (prev. $33). Here is more color on the downgrade.

KeyBanc downgrades Zumiez (Nasdaq: ZUMZ) from Buy to Hold. Click here to see the full report.

Hilliard Lyons downgrades Take-Two Interactive (Nasdaq: TTWO) from Long-Term Buy to Neutral.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Liberty Global (Nasdaq: LBTYA) with an Outperform rating. Price target $26.

Baird initiates coverage on Micrus Endovascular (Nasdaq: MEND) with an Outperform. Price target $14.

Raymond James initiates coverage on MSC Industrial Direct (NYSE: MSM) with an Outperform rating.

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


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Stocks Mentioned

ANF 39.73

-0.38 -0.95%
Volume: 3,582,221
Track ANF

ARRY 2.03

+0.04 +2.01%
Volume: 190,210
Track ARRY

BBD 20.68

-0.20 -0.96%
Volume: 6,144,641
Track BBD

CTCM 15.64

-0.58 -3.58%
Volume: 405,443
Track CTCM

GFA 33.37

-0.13 -0.39%
Volume: 629,385
Track GFA

LBTYA 20.39

-0.56 -2.67%
Volume: 1,985,175
Track LBTYA

MEND 12.96

-0.28 -2.11%
Volume: 66,665
Track MEND

MOV 10.49

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

MSM 45.90

+0.10 +0.22%
Volume: 375,343
Track MSM

PSO 14.02

-0.07 -0.50%
Volume: 60,789
Track PSO

TTWO 11.20

-0.08 -0.71%
Volume: 1,268,196
Track TTWO

ZUMZ 12.21

+1.09 +9.80%
Volume: 2,476,173
Track ZUMZ


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