Notable Analyst Rating Changes 5/12: CHK, TJX, KNXA, ANF Upgraded; RBS, BKE, LINTA, BCS Downgraded

May 12, 2009 10:26 AM EDT

UPGRADES:
Morgan Stanley upgrades Chesapeake Energy (NYSE: CHK) from Equal Weight to Overweight with a $34 price target, citing an expected recovery in natural gas prices.

Barclays and Credit Suisse upgrade TJX Companies (NYSE: TJX) to Overweight and Outperform, respectively.

Oppenheimer and KeyBanc upgrade Kenexa (Nasdaq: KNXA) to Outperform and Buy respectively. Click here to see full color on KeyBanc's upgrade.

KeyBanc upgrades Abercrombie & Fitch (NYSE: ANF) from Underweight to Buy. Price target increased from $17 to $32. Click here for full color.

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

DOWNGRADES:
Credit Suisse downgrades Royal Bank of Scotland (NYSE: RBS) from Neutral to Underperform.

KeyBanc downgrades Buckle (NYSE: BKE) from Hold to Underweight. Click here for full color on the report.

Citi downgrades Liberty Interactive (Nasdaq: LINTA) from Buy to Sell. Here is the full report.

Credit Suisse downgrades Barclays (NYSE: BCS) from Outperform to Neutral.

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

NEW COVERAGE:
Barclays initiates coverage on Newell Rubbermaid (NYSE: NWL) with an Overweight rating and $15 price target, which represents 40% upside from yesterday's close.

Morgan Keegan initiates coverage on BB&T Corp (NYSE: BBT) with a Market Perform.

RBC initiates coverage on Capital One (NYSE: COF) with a Sector Perform.

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

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Related Entities

• Credit Suisse
• Citi
• KeyBanc
• Morgan Stanley
• Barclays
• BB&T Capital Markets
• Morgan Keegan & Company
• Notable Analyst Rating Changes

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