Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded

October 26, 2009 10:51 AM EDT

UPGRADES:
Canaccord Adams upgrades Microsoft (NASDAQ: MSFT) from Hold to Buy and raised their price target from $24 to $34. Click Here for more color.

Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76. Click Here for more color.

Stifel Nicolaus upgrades American Express (NYSE: AXP) from Hold to Buy; sets a price target of $50.

RBC Capital upgrades Noble Corp (NYSE: NE) from Sector Perform to Outperform.

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

DOWNGRADES:
Rochdale Securities downgraded Fifth Third Bancorp (NASDAQ: FITB) and SunTrust (NYSE: STI) from Neutral to Sell. He also downgraded U.S Bancorp (NYSE: USB) to Neutral from Buy.

Goldman Sachs downgraded Pitney Bowes Inc. (NYSE: PBI) from Neutral to Sell and lowered their price target from $25 to $24.

Morgan Stanley downgraded shares of H&R Block (NYSE: HRB) from Equalweight to Underweight.

Citi downgrades HSBC (NYSE: HBC) from Buy to Hold.

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

NEW COVERAGE:
HSBC initiates coverage on BHP Billiton (NYSE: BHP) with a Neutral. The firm also initiated coverage on Rio Tinto (NYSE: RTP) with a Neutral.

Barclays initiates coverage on Intuit (NASDAQ: INTU) with an Overweight rating. Price target $37.

Deutsche Bank initiates coverage on KB Home (NYSE: KBH) with a Hold rating. Price target $17.

Credit Suisse initiates coverage on Urban Outfitters (NASDAQ: URBN) with a Neutral rating.

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


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Stocks Mentioned

AXP 41.49

+0.56 +1.37%
Volume: 7,359,972
Track AXP

BHP 74.86

+1.50 +2.04%
Volume: 2,275,173
Track BHP

FITB 10.06

+0.09 +0.90%
Volume: 10,014,024
Track FITB

HBC 61.94

+1.03 +1.69%
Volume: 1,075,491
Track HBC

HRB 20.75

+0.37 +1.82%
Volume: 1,257,763
Track HRB

INTU 29.90

+0.24 +0.81%
Volume: 1,435,385
Track INTU

KBH 13.93

-0.19 -1.35%
Volume: 3,082,152
Track KBH

MSFT 29.95

+0.33 +1.11%
Volume: 28,308,145
Track MSFT

NE 41.31

+1.29 +3.22%
Volume: 3,348,357
Track NE

PBI 23.72

+0.08 +0.34%
Volume: 1,226,913
Track PBI

RTP 213.55

+1.65 +0.78%
Volume: 579,326
Track RTP

SLB 64.88

+1.54 +2.43%
Volume: 4,937,682
Track SLB

STI 23.15

+1.11 +5.04%
Volume: 5,983,273
Track STI

URBN 31.57

-0.61 -1.90%
Volume: 1,810,079
Track URBN

USB 23.43

+0.14 +0.60%
Volume: 5,645,339
Track USB


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