Notable Analyst Rating Changes 10/08: BMY, NUE, SYMC Upgraded; TM, X, UPS, F, GM Downgraded
UPGRADES:
Merrill Lynch upgrades Bristol-Myers Squibb Co. (NYSE: BMY) from Underperform to Buy, citing valuation.
Morgan Stanley upgrades Nucor (NYSE: NUE) from Equal-weight to Overweight.
J.P. Morgan upgrades Symantec (Nasdaq: SYMC) from Neutral to Overweight.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Citi downgrades Toyota Motor (NYSE: TM) from Buy to Sell.
Morgan Stanley downgrades U.S. Steel (NYSE: X) from Overweight to Equal-Weight, citing a cyclical slowdown.
Merrill Lynch downgrades UPS (NYSE: UPS) from Buy to Neutral.
Citi downgrades Ford Motor (NYSE: F) and General Motors (NYSE: GM) from Hold to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Oppenheimer initiates coverage on Myriad Genetics (Nasdaq: MYGN) with an Outperform rating. Price target $92.
BMO Capital initiates coverage on Calpine (NYSE: CPN) with a Market Perform. Price target $11.
Cowen & Co resumes coverage on Abercrombie & Fitch (NYSE: ANF) with a Neutral.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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