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 7.30

+0.00 +0.00%
Volume: 16,100
Track AMD

ANF 39.90

+0.00 +0.00%
Volume: 45,300
Track ANF

BSX 8.59

+0.00 +0.00%
Volume: 15,933,052
Track BSX

GENZ 51.29

+0.00 +0.00%
Volume: 1,827,641
Track GENZ

HOS 22.30

+0.00 +0.00%
Volume: 439,549
Track HOS

JNJ 63.88

+0.00 +0.00%
Volume: 10,896,074
Track JNJ

MON 83.53

+0.00 +0.00%
Volume: 474
Track MON

NAV 32.42

+0.00 +0.00%
Volume: 3,173,513
Track NAV

NBR 20.59

+0.00 +0.00%
Volume: 5,013,037
Track NBR

TJX 38.39

+0.00 +0.00%
Volume: 1,000
Track TJX

UL 30.69

+0.00 +0.00%
Volume: 180
Track UL


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