Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 41.72

+0.28 +0.68%
Volume: 7,082,069
Track AXP

BHP 77.51

+3.22 +4.33%
Volume: 3,182,599
Track BHP

FITB 9.94

-0.07 -0.70%
Volume: 6,537,076
Track FITB

HBC 62.07

+0.75 +1.22%
Volume: 987,383
Track HBC

HRB 20.49

-0.27 -1.30%
Volume: 2,771,976
Track HRB

INTU 29.66

+0.20 +0.68%
Volume: 2,138,440
Track INTU

KBH 13.87

+0.14 +1.02%
Volume: 2,238,734
Track KBH

MSFT 29.79

-0.12 -0.40%
Volume: 32,036,164
Track MSFT

NE 42.15

+0.51 +1.22%
Volume: 2,611,797
Track NE

PBI 23.77

+0.19 +0.81%
Volume: 1,231,580
Track PBI

RTP 210.32

+0.45 +0.21%
Volume: 1,050,119
Track RTP

SLB 65.03

-0.53 -0.81%
Volume: 7,173,880
Track SLB

STI 22.70

-0.14 -0.61%
Volume: 4,634,268
Track STI

URBN 32.63

+1.00 +3.16%
Volume: 3,126,000
Track URBN

USB 23.57

-0.16 -0.67%
Volume: 5,557,838
Track USB


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