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 7.86

-0.17 -2.12%
Volume: 43,882,282
Track AMD

ANF 36.13

-0.08 -0.22%
Volume: 7,318,123
Track ANF

BSX 8.52

+0.05 +0.59%
Volume: 22,787,378
Track BSX

GENZ 49.98

-0.29 -0.58%
Volume: 2,739,052
Track GENZ

HOS 22.25

+0.50 +2.30%
Volume: 243,826
Track HOS

JNJ 64.36

+0.20 +0.31%
Volume: 14,992,556
Track JNJ

MON 83.44

+1.37 +1.67%
Volume: 7,507,629
Track MON

NAV 32.76

-0.12 -0.36%
Volume: 2,050,869
Track NAV

NBR 20.23

-0.01 -0.05%
Volume: 4,654,560
Track NBR

TJX 36.43

-0.88 -2.36%
Volume: 11,787,576
Track TJX

UL 30.63

-0.06 -0.20%
Volume: 1,901,343
Track UL


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