Notable Analyst Rating Changes for 10/20: BAC, AMZN, F, BBT, DTE Upgrade; BSX, LEAP/PCS, BA, WFT, GME Downgrade

October 20, 2009 11:04 AM EDT

UPGRADES:
RBC Capital upgrades Bank of America (NYSE: BAC) from Sector Perform to Outperform. Click here for more color.

Oppenheimer resumes coverage on Amazon.com (Nasdaq: AMZN), also upgrading the stock from Perform to Outperform. Click Here for more color.

Barclays upgrades Ford (NYSE: F) from Underweight to Equalweight. Price target raised by $1 to $8.

FTN Equity upgrades BB&T Corp (NYSE: BBT) from Sell to Neutral.

Morgan Stanley upgrades DTE Energy (NYSE: DTE) from Underweight to Equalweight. Price target increased from $34.50 to $39.

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

DOWNGRADES:
Wells Fargo downgrades Boston Scientific (NYSE: BSX) from Outperform to Market Perform. Valuation range lowered to $9-$10 from $11-$12. For more color, Click Here.

Goldman Sachs downgrades both Leap Wireless (NASDAQ: LEAP) and MetroPCS (NYSE: PCS) from Buy to Neutral. The firm cut its price target on Leap from $26 to $16 and PCS from $14 to $7.

Morgan Stanley downgrades Boeing (NYSE: BA) from Equal Weight to Underweight, also lowering its price target from $50 to $43.

Goldman Sachs downgraded Weatherford (NYSE: WFT) from Buy to Neutral and removed the stock from their Conviction Buy List. The firm lowered their price target from $33 to $25.

Janney Montgomery Scott downgrades GameStop (NYSE: GME) from Buy to Neutral. Fair Value $28.00. Click Here for more color.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Dean Foods (NYSE: DF) with a Neutral rating and $22 12-month price target. Click Here for more color.

FBR Capital initiates coverage on Lloyds Banking Group (NYSE: LYG) with an Outperform rating. Price target 115 pence. Click Here for more color.

Bank of America initiates coverage on Wendy's/Arby's Group (NYSE: WEN) with a Neutral.

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


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Stocks Mentioned

AMZN 131.74

-2.29 -1.71%
Volume: 4,422,567
Track AMZN

BA 52.45

-0.48 -0.91%
Volume: 3,281,352
Track BA

BAC 15.47

-0.48 -3.01%
Volume: 96,712,639
Track BAC

BBT 24.26

-0.73 -2.92%
Volume: 3,350,050
Track BBT

BSX 8.50

-0.14 -1.62%
Volume: 6,425,575
Track BSX

DF 16.07

-0.12 -0.74%
Volume: 1,107,494
Track DF

DTE 39.83

-0.76 -1.87%
Volume: 457,163
Track DTE

F 8.73

-0.08 -0.91%
Volume: 42,185,217
Track F

GME 25.32

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

LEAP 14.20

-0.34 -2.34%
Volume: 1,497,388
Track LEAP

LYG 5.71

-0.49 -7.90%
Volume: 1,688,090
Track LYG

PCS 6.32

-0.14 -2.17%
Volume: 2,468,690
Track PCS

WEN 4.07

-0.09 -2.16%
Volume: 1,497,967
Track WEN

WFT 16.43

-0.27 -1.62%
Volume: 10,039,196
Track WFT


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