Notable Analyst Rating Changes 9/3: BHI, BJS, APC, MVL, SI Upgraded; DE, HOV, BNI, INWK Downgraded Sep 3, 2009 10:21AM

UPGRADES:
Morgan Stanley upgrades Baker Hughes (NYSE: BHI) & BJ Services (NYSE: BJS) to Equalweight from Underweight. BHI price target raised from $70 to $75. Price target on BJS is $32.

FBR Capital upgrades Anadarko Petroleum Corp. (NYSE: APC) to Outperform and raised their price target from $50 to $60. Click here for ...


Morning Movers: Con-way (CNW), FedEx (FDX), Nucor (NUE) Lower on Guidance Dec 9, 2008 09:45AM

StreetInsider.com Morning Movers:
Targacept, Inc. (Nasdaq: TRGT) 31% LOWER; AZD3480 did not meet the trial's criteria for statistical significance on the primary endpoints, improvement on various cognitive domains measured by the IntegNeuro computerized test battery. AZD3480 was generally well tolerated in the study. AstraZeneca and Targacept do not expect to progress AZD3480 into Phase III studies for CDS.

Con-way Inc. (NYSE: CNW) 17% LOWER; lowers its FY08 EPS guidance from $2.60-$2.80 to $2.20-$2.35, versus the consensus of $2.79.

Suntech Power Holdings Co. Ltd. (NYSE: STP) 11% LOWER; Jesup & Lamont downgrades

FedEx Corporation (NYSE: FDX) 11% LOWER; announced that it expects to report earnings of $1.58 per diluted share for the second quarter ended November 30. Previous earnings guidance for the quarter was $1.40 to $1.60 per diluted share. For fiscal 2009, the company has reduced its earnings guidance to $3.50 to $4.75 per diluted share from the previous ...