Notable Analyst Rating Changes 10/19: AXP, NOV, EL, DKS Upgrade; FNM/FRE, ANF, MAT, LUV Downgrade

October 19, 2009 11:11 AM EDT

UPGRADES:
FBR Research upgrades American Express (NYSE: AXP) from Underperform to Market Perform. Price target increased from $25 to $37. Click Here for more color.

Raymond James upgrades National Oilwell Varco (NYSE: NOV) from Strong Buy to Outperform.

RBC Capital upgrades Estee Lauder (NYSE: EL) from Underperform to Sector Perform.

Piper Jaffray upgrades Dick's Sporting Goods (NYSE: DKS) from Underweight to Neutral. Price target increased from $18 to $28. Click Here for more color.

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

DOWNGRADES:
Keefe, Bruyette, and Woods downgrades both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Underperform and cut their price targets to $0. Click Here for more color.

Brean Murray downgrades Abercrombie & Fitch (NYSE: ANF) from Hold to Sell.

Morgan Joseph downgrades Mattel (NYSE: MAT) to Hold. Click Here for more color.

JP Morgan downgrades Southwest Airlines (NYSE: LUV) to Underweight.

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

NEW COVERAGE:
Barclays resumes coverage on Pfizer (NYSE: PFE) with an Overweight rating. Price target $21.

Citi initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Buy rating. Price target $21.

RBC Capital initiates coverage on Terex (NYSE: TEX) with an Outperform rating.

Wells Fargo resumes coverage on CenturyTel, Inc. (NYSE: CTL) with an Outperform rating. Valuation Range $38-40. Click Here for more coverage.

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


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Stocks Mentioned

ANF 39.66

-0.07 -0.18%
Volume: 713,026
Track ANF

AXP 42.12

+1.19 +2.91%
Volume: 3,340,950
Track AXP

CTL 35.95

+0.34 +0.95%
Volume: 507,866
Track CTL

DKS 21.87

+0.29 +1.34%
Volume: 399,849
Track DKS

EL 48.83

+0.97 +2.03%
Volume: 282,699
Track EL

FNM 1.02

+0.00 +0.00%
Volume: 2,143,642
Track FNM

FRE 1.15

+0.01 +0.88%
Volume: 2,519,512
Track FRE

LUV 9.16

+0.16 +1.78%
Volume: 1,830,064
Track LUV

MAT 20.49

+0.48 +2.40%
Volume: 695,748
Track MAT

MRVL 15.51

+0.23 +1.51%
Volume: 1,648,577
Track MRVL

NOV 44.04

+1.25 +2.92%
Volume: 992,083
Track NOV

PFE 18.82

+0.46 +2.51%
Volume: 25,346,188
Track PFE

TEX 20.55

+0.25 +1.23%
Volume: 665,522
Track TEX


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