Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded

October 28, 2009 11:48 AM EDT

UPGRADES:
Goldman Sachs upgrades Texas Instruments Inc. (NYSE: TXN) from Neutral to Buy

RBC Capital upgrades Motorola (NYSE: MOT) from Sector Perform to Outperform.

Citigroup upgraded Target Corp (NYSE: TGT) from Sell to Buy and raised their price target from $44 to $61.

Oppenheimer upgrades Wynn Resorts (NASDAQ: WYNN) from Market Perform to Outperform. The firm maintains a $73 price target.

Caris & Co upgrades Illumina (NASDAQ: ILMN) from Average to Above Average. Price target increased to $42.

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

DOWNGRADES:
Bank of America downgrades Apollo Group (NASDAQ: APOL) from Buy to Neutral. Price target slashed from $100 to $73. Additionally, Morgan Stanley downgrades Apollo Group from Overweight to Equalweight.

Goldman Sachs downgrades SanDisk (NASDAQ: SNDK) from Buy to Neutral, maintaining a $24 price target.

Roth downgrades NVIDIA (NASDAQ: NVDA) from Buy to Hold, and lowers their price target from $18 to $12.

KeyBanc downgrades U.S. Steel (NYSE: X) from Hold to Buy.

ThinkEquity has downgraded shares of ValueClick (NASDAQ: VCLK) from Buy to Hold. Merriman Curhan Ford also downgraded ValueClick to Neutral. Finally, Needham & Co downgraded ValueClick from Buy to Hold.

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

NEW COVERAGE:
Bank of America restarts coverage on Archer-Daniels-Midland (NYSE: ADM) with a Buy. Price target $36.

Citi initiates coverage on Ciena Corp. (NASDAQ: CIEN) with a Buy rating and a $17.50 price target.

Bank of America restarts coverage on Tyson Foods (NYSE: TSN) with a Buy, and a price target of $15.

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


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Stocks Mentioned

ADM 31.35

-0.50 -1.57%
Volume: 2,463,022
Track ADM

APOL 55.82

+0.25 +0.45%
Volume: 1,271,379
Track APOL

CIEN 12.47

+0.47 +3.92%
Volume: 9,641,651
Track CIEN

ILMN 28.01

+1.51 +5.70%
Volume: 5,395,884
Track ILMN

MOT 8.21

-0.09 -1.08%
Volume: 16,891,434
Track MOT

NVDA 12.96

-0.04 -0.31%
Volume: 7,699,515
Track NVDA

SNDK 19.88

-0.46 -2.26%
Volume: 4,072,812
Track SNDK

TGT 47.43

+0.17 +0.36%
Volume: 4,423,617
Track TGT

TSN 12.44

-0.44 -3.42%
Volume: 4,074,988
Track TSN

TXN 25.32

+0.18 +0.72%
Volume: 7,956,281
Track TXN

VCLK 9.99

-0.18 -1.77%
Volume: 373,298
Track VCLK

WYNN 62.88

-0.90 -1.41%
Volume: 1,245,956
Track WYNN

X 42.03

-0.19 -0.45%
Volume: 5,339,012
Track X


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