Notable Analyst Rating Changes 10/15: JPM, PCG, NVLS, PRX Upgrade; BJS, BHI, SCHW, AZ, TRV, LAZ Downgrade

October 15, 2009 10:44 AM EDT

UPGRADES:
Fox-Pitt upgrades JPMorgan Chase (NYSE: JPM) from In-line to Outperform. Price target increased to $55 from $38.

UBS upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

Citi upgrades Novellus (Nasdaq: NVLS) from Hold to Buy. Price target increased from $19.50 to $27.

Barclays is upgrading Per Pharmaceuticals (NYSE: PRX) to Overweight from Equal Weight with a $30 target (prev. $18). Click Here for more color.

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

DOWNGRADES:
Citi downgrades BJ Services (NYSE: BJS) from Hold to Sell. Price target lowered from $16 to $14.

Citi downgrades Baker Hughes (NYSE: BHI) from Hold to Sell. Price target $39.

BofA Merrill Lynch downgrades Charles Schwab (Nasdaq: SCHW) from Buy to Neutral. The firm maintained its $23.50 price target.

Bank of American downgrades Allianz (NYSE: AZ) from Buy to Neutral.

Keefe, Bruyette & Woods downgrades The Travelers Companies (NYSE: TRV) to Market Perform. Price target $51.

Oppenheimer downgrades Lazard Ltd (NYSE: LAZ) from Outperform to Perform. Price target $45.

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

NEW COVERAGE:
Goldman Sachs resumes coverage on Human Genome Sciences, Inc. (Nasdaq: HGSI) with a Buy rating and $24 price target.

Standpoint Research initiates coverage on Wal-Mart (NYSE: WMT) with a Buy. Price target $60.

Bernstein initiates coverage on Petroleo Brasileiro (Petrobras) (NYSE: PBR) with an Outperform rating. Price target $56.

RBC initiates coverage on Weyerhaeuser (NYSE: WY) with a Sector Perform rating. Price target $38.

Susquehanna initiates coverage on NYSE Euronext (NYSE: NYX) with a Neutral rating.

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


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Stocks Mentioned

AZ 12.45

+0.00 +0.00%
Volume: 1,480,532
Track AZ

BHI 41.20

+0.71 +1.75%
Volume: 3,522,029
Track BHI

BJS 18.96

+0.26 +1.39%
Volume: 2,243,394
Track BJS

HGSI 27.26

-0.12 -0.44%
Volume: 2,241,823
Track HGSI

JPM 43.17

+0.71 +1.67%
Volume: 17,373,462
Track JPM

LAZ 38.95

+0.14 +0.36%
Volume: 139,536
Track LAZ

NVLS 21.34

+0.38 +1.81%
Volume: 866,035
Track NVLS

NYX 26.34

+0.58 +2.25%
Volume: 1,640,613
Track NYX

PBR 51.43

+1.37 +2.74%
Volume: 6,285,222
Track PBR

PCG 42.74

+0.64 +1.52%
Volume: 1,084,433
Track PCG

PRX 23.98

+0.53 +2.26%
Volume: 324,371
Track PRX

SCHW 18.14

-0.11 -0.60%
Volume: 2,633,781
Track SCHW

TRV 53.04

+0.66 +1.26%
Volume: 1,782,661
Track TRV

WMT 54.72

+0.44 +0.81%
Volume: 6,061,621
Track WMT

WY 39.20

+1.34 +3.54%
Volume: 872,817
Track WY


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