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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Stocks Mentioned

ANF 37.35

-2.55 -6.39%
Volume: 7,403,362
Track ANF

BBT 26.08

-0.11 -0.42%
Volume: 3,199,722
Track BBT

BCS 20.20

+0.29 +1.46%
Volume: 1,377,991
Track BCS

BKE 26.74

-1.01 -3.64%
Volume: 600,779
Track BKE

CHK 23.43

+0.03 +0.13%
Volume: 6,133,411
Track CHK

COF 37.52

-0.83 -2.16%
Volume: 3,619,031
Track COF

KNXA 10.83

+0.29 +2.75%
Volume: 90,249
Track KNXA

LINTA 10.80

-0.08 -0.74%
Volume: 1,808,203
Track LINTA

NWL 14.96

-0.01 -0.07%
Volume: 646,167
Track NWL

RBS 11.67

+0.40 +3.55%
Volume: 184,690
Track RBS

TJX 36.71

-1.68 -4.38%
Volume: 8,084,569
Track TJX


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