Notable Analyst Rating Changes 9/28: CSCO, VPHM, ACN, AMAT, GD Upgraded; RBS, WFR, ISRG, WXS Downgraded

September 28, 2009 10:19 AM EDT

UPGRADES:
Barclays upgrades Cisco (Nasdaq: CSCO) from Equal Weight to Overweight and raised their price target from $24 to $28.

Oppenheimer upgrades ViroPharma (Nasdaq: VPHM) from Perform to Outperform. Price target $13. Click here for more color.

Citigroup upgrades Accenture (NYSE: ACN) and Applied Materials (Nasdaq: AMAT) from Hold to Buy. The firm set $45 and $17 price targets, respectively.

Collins Stewart upgrades General Dynamics (NYSE: GD) from Hold to Buy, setting a $78 price target. Here is the full report.

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

DOWNGRADES:
ING downgrades Royal Bank of Scotland (NYSE: RBS) from Hold to Sell.

Citi downgrades MEMC Electronic Materials (NYSE: WFR) from Buy to Hold, with a $20 target.

Lazard Capital Markets downgrades Intuitive Surgical (Nasdaq: ISRG) from Buy to Hold.

Wells Fargo downgrades Wright Express Corp. (NYSE: WXS) to Market Perform. Valuation range increased to $31-$33 (from $29-$31). Click here for more color.

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

NEW COVERAGE:
Barclays initiates coverage on Navistar International (NYSE: NAV) with an Equalweight rating. Price target $42.

Merriman Curhan Ford initiates coverage on Facet Biotech (Nasdaq: FACT) with a Buy rating. Here is some color on the coverage.

Brigantine Advisors initiates coverage on Hewlett-Packard (NYSE: HPQ) with a Buy. Price target $56.

Next Generation initiates coverage on Delta (NYSE: DAL) with a Buy. Price target $14. Special Reports

Stocks Mentioned

ACN 40.54

+0.00 +0.00%
Volume: 2,437,207
Track ACN

AMAT 12.35

+0.00 +0.00%
Volume: 500
Track AMAT

CSCO 23.74

+0.00 +0.00%
Volume: 3,788
Track CSCO

DAL 7.66

+0.00 +0.00%
Volume: 8,591,580
Track DAL

FACT 17.02

+0.00 +0.00%
Volume: 88,105
Track FACT

GD 67.32

+0.00 +0.00%
Volume: 1,314,855
Track GD

HPQ 50.19

+0.00 +0.00%
Volume: 4,550
Track HPQ

ISRG 278.85

+0.00 +0.00%
Volume: 500
Track ISRG

NAV 32.76

+0.00 +0.00%
Volume: 1,400,647
Track NAV

RBS 12.15

+0.00 +0.00%
Volume: 2,000
Track RBS

VPHM 7.78

+0.00 +0.00%
Volume: 439,624
Track VPHM

WFR 12.16

+0.00 +0.00%
Volume: 600
Track WFR

WXS 29.79

+0.00 +0.00%
Volume: 193,260
Track WXS


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