Notable Analyst Rating Changes for 10/27: VZ, TXN, CAKE, MSFT Upgraded; PALM, SGMS, AMX, HRB Downgraded

October 27, 2009 11:07 AM EDT

UPGRADES:
Wells Fargo upgrades Verizon Communications (NYSE: VZ) from Market Perform to Outperform. Valuation range increased from $29-31 to $34-36. Click Here for more color.

FBR Capital upgrades Texas Instruments (NYSE: TXN) from Market Perform to Outperform. Price target $31. Click Here for more color.

Goldman Sachs upgrades Cheesecake Factory Incorporated (Nasdaq: CAKE) from Neutral to Buy with a $23 price target. For more color Click Here.

Argus upgrades Microsoft (NASDAQ: MSFT) from Sell to Hold.

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

DOWNGRADES:
BMO Capital has downgraded shares of Palm (NASDAQ: PALM) from Market Perform to Underperform this morning, also cutting its price target from $11 to $10. Click Here for more color.

William Blair downgrades Scientific Games (Nasdaq: SGMS) from Outperform to Market Perform.

Raymond James downgrades America Movil (NYSE: AMX) from Outperform to Market Perform.

Fox-Pitt downgrades H&R Block (NYSE: HRB) from Outperform to In-Line.

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

NEW COVERAGE:
Kaufman Bros. initiates coverage on Intel Corp (Nasdaq: INTC) with a Buy. Price target $25. Click Here for more color.

Wells Fargo resumes coverage on The Williams Companies (NYSE: WMB) with an Outperform. Click Here for more color.

Ameriprise Financial initiates coverage on FPL Group (NYSE: FPL) with a Buy rating.

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


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Stocks Mentioned

AMX 24.42

-0.16 -0.65%
Volume: 3,372,447
Track AMX

CAKE 30.58

-0.43 -1.39%
Volume: 557,572
Track CAKE

FPL 50.71

+0.00 +0.00%
Volume: 1,980,515
Track FPL

HRB 17.19

-0.01 -0.06%
Volume: 1,496,071
Track HRB

INTC 26.72

-0.02 -0.07%
Volume: 36,777,691
Track INTC

MSFT 30.20

-0.04 -0.13%
Volume: 28,040,278
Track MSFT

PALM 5.69

+0.00 +0.00%
Volume: 931,932
Track PALM

SGMS 12.99

-0.04 -0.31%
Volume: 796,629
Track SGMS

TXN 33.61

-0.32 -0.94%
Volume: 8,693,762
Track TXN

VZ 38.14

+0.30 +0.79%
Volume: 14,943,013
Track VZ

WMB 29.41

-0.29 -0.98%
Volume: 7,010,596
Track WMB


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