Notable Analyst Rating Changes 9/18: HOC, PTR, CLR, NOV Upgraded; TGT, NT, KSS, CLI Downgraded

September 18, 2008 9:49 AM EDT

UPGRADES:
Goldman Sachs upgrades Holly Corp. (NYSE: HOC) from Neutral to Buy and adds the stock to their Conviction Buy List and raises their price target to $45.

Credit Suisse upgrades PetroChina (NYSE: PTR) from Neutral to Outperform.

Merrill Lynch upgrades Continental Resources (NYSE: CLR) from Neutral to Buy.

Stanford Group upgrades National Oilwell Varco (NYSE: NOV) from Hold to Buy.

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

DOWNGRADES:
Morgan Stanley downgrades Target (NYSE: TGT) from Overweight to Equal-Weight.

J.P. Morgan Downgrades Nortel Networks (NYSE: NT) from Overweight to Underweight.

Citi downgrades Kohl's (NYSE: KSS) from Buy to Hold, citing current valuation. Citi also removes KSS from the Recommended List. Price target $52.

Stifel Nicolaus downgrades Mack-Cali Realty (NYSE: CLI) from Hold to Sell.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Incyte Corporation (Nasdaq: INCY) with a Buy rating.

Friedman Billings Ramsey initiates coverage on Whole Foods Market (Nasdaq: WFMI) with an Underperform rating.

Rodman & Renshaw Initiates coverage on Stryker (NYSE: SYK) with a Market Perform.

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


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Stocks Mentioned

CLI 14.68

+0.00 +0.00%
Volume: 2,376,649
Track CLI

CLR 16.73

+0.00 +0.00%
Volume: 1,168,589
Track CLR

HOC 16.75

+0.00 +0.00%
Volume: 5,198,755
Track HOC

INCY 2.93

+0.00 +0.00%
Volume: 1,418,388
Track INCY

KSS 29.09

+0.00 +0.00%
Volume: 5,399,141
Track KSS

NOV 23.15

+0.00 +0.00%
Volume: 10,316,973
Track NOV

NT 0.60

+0.00 +0.00%
Volume: 10,991,562
Track NT

PTR 77.42

+0.00 +0.00%
Volume: 982,556
Track PTR

SYK 36.84

+0.00 +0.00%
Volume: 2,154,298
Track SYK

TGT 29.54

+0.00 +0.00%
Volume: 14,258,333
Track TGT

WFMI 9.72

+0.00 +0.00%
Volume: 3,605,196
Track WFMI


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