Notable Analyst Rating Changes 10/08: BMY, NUE, SYMC Upgraded; TM, X, UPS, F, GM Downgraded

October 8, 2008 10:02 AM EDT

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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Stocks Mentioned

ANF 16.82

+0.35 +2.13%
Volume: 5,950,072
Track ANF

BMY 20.28

+0.92 +4.75%
Volume: 15,851,084
Track BMY

CPN 8.36

+0.67 +8.71%
Volume: 2,643,150
Track CPN

F 2.70

+0.15 +5.88%
Volume: 198,406,215
Track F

GM 4.85

+0.26 +5.66%
Volume: 37,410,519
Track GM

MYGN 59.10

+2.30 +4.05%
Volume: 1,086,336
Track MYGN

NUE 32.68

+1.72 +5.56%
Volume: 5,639,246
Track NUE

SYMC 11.59

+0.50 +4.51%
Volume: 16,088,558
Track SYMC

TM 61.95

+3.39 +5.79%
Volume: 2,150,240
Track TM

UPS 55.19

+1.47 +2.74%
Volume: 5,380,369
Track UPS

X 27.49

+1.85 +7.22%
Volume: 9,771,323
Track X


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