Notable Analyst Rating Changes 9/5: UL, MON, NAV, HOS Upgraded; ANF, TJX, AMD, NBR Downgraded

September 5, 2008 10:00 AM EDT

UPGRADES:
UBS upgrades Unilever (NYSE: UL) from Sell to Neutral.

Credit Suisse upgrades Monsanto (NYSE: MON) from Neutral to Outperform.

J.P. Morgan upgrades Navistar (NYSE: NAV) from Neutral to Overweight.

Goldman Sachs upgrades Hornbeck Offshore (NYSE: HOS) from Sell to Neutral with a $50 price target.

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

DOWNGRADES:
Citi downgrades Abercrombie & Fitch Co (NYSE: ANF) from Buy to Sell. Price target slashed from $73 to $45.

Lehman Bros. downgrades TJX Companies (NYSE: TJX) from Overweight to Equalweight.

Merrill Lynch downgrades Advanced Micro Devices (NYSE: AMD) from Neutral to Sell, citing valuation.

Goldman Sachs downgrades Nabors (NYSE: NBR) from Buy to Neutral and lowered its price target from $56 to $41.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on Genzyme (Nasdaq: GENZ) with a Buy.

Morgan Stanley assumes coverage on Johnson & Johnson (NYSE: JNJ) with an Overweight.

Morgan Stanley assumes coverage on Boston Scientific (NYSE: BSX) with an Overweight.

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


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Stocks Mentioned

AMD 5.32

+0.18 +3.50%
Volume: 24,532,917
Track AMD

ANF 37.59

+0.06 +0.16%
Volume: 3,343,999
Track ANF

BSX 8.38

+0.11 +1.33%
Volume: 17,026,898
Track BSX

GENZ 52.87

+0.00 +0.00%
Volume: 1,277,669
Track GENZ

HOS 25.61

+0.58 +2.32%
Volume: 518,267
Track HOS

JNJ 60.87

-0.36 -0.59%
Volume: 11,179,432
Track JNJ

MON 74.90

+1.24 +1.68%
Volume: 11,859,664
Track MON

NAV 35.40

-0.25 -0.70%
Volume: 688,865
Track NAV

NBR 22.81

+0.15 +0.66%
Volume: 3,800,999
Track NBR

TJX 39.14

-0.04 -0.10%
Volume: 3,500,781
Track TJX

UL 30.44

-0.21 -0.69%
Volume: 3,143,663
Track UL


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