Notable Analyst Rating Changes 05/27: (CXO) (APC) (AEG) Upgraded; (WY) (AFL) (ITRI) Downgraded

May 27, 2011 10:42 AM EDT
UPGRADES
Wunderlich Securities upgrades Concho Resources (NYSE: CXO) from Hold to Buy, price target increased from $100 to $105.

Sterne Agee lifts Anadarko Petroleum (NYSE: APC) from Neutral to Buy, and price target of $97.

BofA/Merrill Lynch raises Aegon NV (NYSE: AEG) from Neutral to Buy.

Gabelli boosts Johnson Controls (NYSE: JCI) from Hold to Buy.

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

DOWNGRADES
Deutsche Bank downgrades Weyerhaeuser (NYSE: WY) from Hold to Sell, lowering its price target from $24 to $19. Click Here for more color.

Morgan Stanley lowers AFLAC (NYSE: AFL) from Overweight to Equalweight.

Baird cuts Itron (Nasdaq: ITRI) from Neutral to Underperform earlier, reducing its price target from $60 to $44.

Wedbush downgraded Blue Coat Systems (Nasdaq: BCSI) from Outperform to Neutral, its price target lowered from $29 to $20. Click Here for more color.

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

NEW COVERAGE
Goldman Sachs reinstates DuPont (NYSE: DD) with a Neutral rating and $63 price target. Click Here for more color.

Cowen initiates VirnetX Holding (NYSE: VHC) with an Outperform.

Goldman Sachs reinstates Nasdaq OMX Group Inc. (Nasdaq: NDAQ) with a Buy rating and $29 price target. Click Here for more color.

Ticonderoga begins Hewlett-Packard (NYSE: HPQ) with a Neutral. Click Here for more color.

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

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Deutsche Bank, Morgan Stanley, Robert W Baird, Sterne Agee, Notable Analyst Rating Changes, Cowen & Co, Wunderlich Securities