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 28.68

+24.77 +633.50%
Volume: 444,983
Track AMD

ANF 27.53

+2.10 +8.26%
Volume: 443,211
Track ANF

BSX 29.90

+19.79 +195.75%
Volume: 441,568
Track BSX

GENZ 54.75

-0.67 -1.21%
Volume: 2,436,438
Track GENZ

HOS 20.49

-1.19 -5.49%
Volume: 194,087
Track HOS

JNJ 55.98

-1.09 -1.91%
Volume: 15,119,928
Track JNJ

MON 28.71

-44.49 -60.78%
Volume: 437,825
Track MON

NAV 27.48

-15.04 -35.37%
Volume: 447,767
Track NAV

NBR 27.48

+11.68 +73.92%
Volume: 443,944
Track NBR

TJX 25.15

-6.12 -19.57%
Volume: 441,819
Track TJX

UL 29.95

+5.85 +24.27%
Volume: 441,176
Track UL


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