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 7.20

+0.19 +2.71%
Volume: 23,138,594
Track AMD

ANF 40.06

+0.13 +0.33%
Volume: 4,640,949
Track ANF

BSX 8.44

+0.07 +0.84%
Volume: 13,007,783
Track BSX

GENZ 51.11

+0.41 +0.81%
Volume: 4,007,054
Track GENZ

HOS 22.60

-0.21 -0.92%
Volume: 388,391
Track HOS

JNJ 63.51

+0.67 +1.07%
Volume: 12,302,207
Track JNJ

MON 82.51

+1.76 +2.18%
Volume: 7,191,339
Track MON

NAV 34.66

+1.65 +5.00%
Volume: 2,044,838
Track NAV

NBR 20.75

+0.10 +0.48%
Volume: 5,272,123
Track NBR

TJX 38.52

+0.14 +0.36%
Volume: 4,696,188
Track TJX

UL 30.27

+0.74 +2.51%
Volume: 1,288,131
Track UL


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