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Notable Analyst Rating Changes 10/28: (AMD) (LLY) (GS) Upgraded; (MDR) (BMY) (ED) Downgraded

October 28, 2011 10:53 AM EDT
UPGRADES
Wells Fargo upgrades AMD (NYSE: AMD) from Market Perform to Outperform with a price target range of $6.00 to $7.50. Click Here for more color.

First Global lifts Eli Lilly (NYSE: LLY) from Market Perform to Moderate Outperform. Click Here for more color.

Rochdale Securities raised Goldman Sachs (NYSE: GS) from Neutral to Buy, its price target moves from $115 to $135.

JPMorgan boosts Barclays (NYSE: BCS) from Neutral to Overweight.

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

DOWNGRADES
McDermott (NYSE: MDR) lowered by three firms Friday:
  • Morgan Stanley from Overweight to Underweight with a price target of $12;

  • William Blair from Outperform to Market Perform, its price target slashed from $20 to $13; and

  • Credit Agricole from Buy to Underperform, price target chopped from $18 to $12.
CLSA downgrades Bristol-Myers Squibb Co. (NYSE: BMY) from Outperform to Underperform, its price target raised from $33 to $35.

ConEd (NYSE: ED) lower by two today:
  • Jefferies from Hold to Underperform, its price target lowered from $56.50 to $51. Click Here for more color; and

  • RBC Capital from Sector Perform to Underperform, price target raised from $54 to $56.
HSBC cuts Banco Bradesco S.A. (NYSE: BBD) from Overweight to Neutral.

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

NEW COVERAGE
Deutsche Bank initiates Pepsico (NYSE: PEP) with a Buy rating and $70 price target. Click Here for more color.

Morgan Stanley assunes Lowe's (NYSE: LOW) at Underweight, and $20 price target.

Deutsche Bank begins Coca-Cola (NYSE: KO) with a Buy rating and $75 price target. Click Here for more color.

Morgan Stanley starts Home Depot (NYSE: HD) with an Equalweight.

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Deutsche Bank, William Blair, JPMorgan, Morgan Stanley, Jefferies & Co, RBC Capital, Barclays, HSBC, Notable Analyst Rating Changes, Credit Agricole, Wells Fargo