Notable Analyst Rating Changes 10/8: RAX, CLX, EBAY, GME, MWW, AUY Upgrade; TTM, LLL, PLCM Downgrade

October 8, 2009 10:20 AM EDT

UPGRADES:
Goldman Sachs upgrades Rackspace (NYSE: RAX) from Neutral to Buy and raised its price target from $16 to $23. Click here for more color.

Deutsche Bank upgrades Clorox (NYSE: CLX) to Buy. Click here for more color.

Kaufman Bros. upgrades eBay (Nasdaq: EBAY) from Hold to Buy, raises PT to $29 (from $22). Click here for more color.

Wedbush Morgan upgrades GameStop (NYSE: GME) from Neutral to Outperform. Price target increased from $29 to $34. Click here for more color.

J.P. Morgan upgrades Monster Worldwide (NYSE: MWW) from Neutral to Overweight. Price target doubled to $24.

TD Newcrest, BMO, and Scotia upgrades Yamana Gold (NYSE: AUY) from to Buy, Outperform, and Sector Outferform, respectively.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Deutsche Bank downgrades Tata Motors Ltd (NYSE: TTM) to Hold.

Goldman Sachs downgraded L-3 (NYSE: LLL) from Neutral to its Conviction Sell List and lowered their downside price target from $71 to $66, representing 15% downside.

Wedbush Morgan downgrades Polycom (Nasdaq: PLCM) from Outperform to Neutral. Click here for more color.

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

NEW COVERAGE:
Deutsche Bank has initiated coverage of Goldman Sachs (NYSE: GS) with a Buy rating in this afternoon's post-market session. The firm set a $220 price target. Click here for more coverage.

Bernstein initiates coverage on InBev (NYSE: BUD) with an Outperform rating.

Lazard Capital Markets initiates coverage on King Pharmaceuticals (NYSE: KG) with a Buy rating.

Morgan Joseph initiates coverage on AutoZone Inc. (NYSE: AZO) with a Buy. Price target $175. Click AZO) with a Buy. Price target $175.">here form more coverage.

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


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Stocks Mentioned

AUY 13.18

-0.68 -4.91%
Volume: 15,585,295
Track AUY

AZO 150.05

-0.24 -0.16%
Volume: 321,599
Track AZO

BUD 51.18

-1.26 -2.40%
Volume: 799,282
Track BUD

CLX 60.05

-0.41 -0.68%
Volume: 407,595
Track CLX

EBAY 23.22

-0.39 -1.65%
Volume: 6,797,548
Track EBAY

GME 25.32

-0.28 -1.09%
Volume: 1,753,368
Track GME

GS 164.16

-4.76 -2.82%
Volume: 6,883,185
Track GS

KG 11.95

-0.13 -1.08%
Volume: 876,269
Track KG

LLL 78.45

-1.55 -1.94%
Volume: 348,302
Track LLL

MWW 14.92

-0.55 -3.56%
Volume: 758,286
Track MWW

PLCM 21.72

-0.55 -2.47%
Volume: 869,958
Track PLCM

RAX 18.23

-0.05 -0.27%
Volume: 363,418
Track RAX

TTM 13.72

-0.12 -0.87%
Volume: 889,536
Track TTM


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