Notable Analyst Rating Changes 6/24: FCX, BDK, DB, EMC Upgraded; WFR, BA, CTRP Downgraded

June 24, 2009 9:44 AM EDT

UPGRADES:
FBR Capital upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Market Perform to Outperform with a $58 price target, saying the recent pullback creates an attractive entry point. Click here for more color on the upgrade.

Credit Suisse upgrades Black & Decker (NYSE: BDK) from Underperform to Neutral.

Citi upgrades Deutsche Bank (NYSE: DB) from Sell to Hold.

Barclays upgrades EMC Corp (NYSE: EMC) from Equal Weight to Overweight and raises their price target from $12 to $16.

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

DOWNGRADES:
JP Morgan downgrades MEMC Electronic Materials (NYSE: WFR) from Overweight to Underweight. Click here for the full report.

Oppenheimer downgrades Boeing (NYSE: BA) from Perform to Underperform. Price target lowered $2 to $40.

Deutsche Bank downgrades Ctrip.com (Nasdaq: CTRP) from Buy to Hold. Price target $38. Click here for more color on the downgrade.

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

NEW COVERAGE:
FBR Capital initiates coverage on Riverbed Technology, Inc. (Nasdaq: RVBD) with a Market Perform rating and $22 price target. Here is more color.

Rodman & Renshaw initiates coverage on Orexigen Therapeutics (Nasdaq: OREX) with a Market
Outperform rating. Price target $14

Oppenheimer initiates coverage on BMP Sunstone (Nasdaq: BJGP) with an Outperform. Price target $6.

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


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Stocks Mentioned

BA 52.93

+0.96 +1.85%
Volume: 3,021,455
Track BA

BDK 62.42

+0.30 +0.48%
Volume: 515,865
Track BDK

BJGP 4.21

-0.05 -1.17%
Volume: 26,581
Track BJGP

CTRP 70.68

+0.80 +1.14%
Volume: 646,568
Track CTRP

DB 75.22

+0.54 +0.72%
Volume: 415,288
Track DB

EMC 16.91

-0.03 -0.18%
Volume: 13,181,070
Track EMC

FCX 87.32

+1.73 +2.02%
Volume: 8,335,514
Track FCX

OREX 7.05

+0.26 +3.83%
Volume: 678,647
Track OREX

RVBD 20.89

+0.33 +1.61%
Volume: 910,720
Track RVBD

WFR 12.46

+0.30 +2.47%
Volume: 5,854,750
Track WFR


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