Notable Analyst Rating Changes 10/02: (C) (PNC) (CTRP) Upgraded; (FITB) (BBT) (SO) Downgraded

October 2, 2012 11:19 AM EDT
UPGRADES
Keefe, Bruyette & Woods boosts Citi (NYSE: C) from Market Perform to Outperform, raising its price target from $40 to $44. Click Here for more color.

Deutsche Bank upgrades PNC Financial (NYSE: PNC) from Hold to Buy, lifting its price target from $63 to $71. Click Here for more color.

Raymond James raises Ctrip.com (Nasdaq: CTRP) from Market Perform to Strong Buy with a price target of $26.

MKM Partners lifts Cisco (Nasdaq CSCO) from Neutral to Buy.

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

DOWNGRADES
Wells Fargo downgrades Fifth Third Bancorp (Nasdaq: FITB) from Outperform to Market Perform with a price target of $16 to $17. Click Here for more color.

Deutsche Bank trims BB&T Capital (NYSE: BBT) from Buy to Hold with a price target of $34. Click Here for more color.

Credit Suisse cuts Southern Co. (NYSE: SO) from Neutral to Underperform.

Raymond James drops Baidu (Nasdaq: BIDU) from Strong Buy to Outperform while moving its price target from $165 down to $137.

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

NEW COVERAGE
Mondelez International (Nasdaq: MDLZ) started by one 'Halls' of a lot of firms:
  • BofA/Merrill Lynch at Buy and 31 target;

  • RBC Capital at Outperform and $32 target;

  • Stifel Nicolaus with a Buy and $31 target;

  • Barclays with an Overweight and $31 target;

  • BMO Capital at Market Perform and $29 target;

  • Citi with a Buy;

  • Credit Suisse with an Outperform and target of $31; and

  • Deutsche Bank at Hold and $27 target. Click Here for more color.
Kraft Foods Group (Nadaq: KRFT) also started by a slew of firms:
  • BofA/Merrill Lynch at Buy and $50 target;

  • Morgan Stanley at Equalweight;

  • BMO Capital with an Outperform and $50 target;

  • UBS at Buy and target of $50;

  • Stifel Nicolaus with a Buy and $49 target;

  • Credit Suisse at Outperform and target of $50.
Cowen starts Hologic (Nasdaq: HOLX) with an Outperform.

ISI Group begins MGM Resorts (NYSE: MGM) with a Buy and target of $13.

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Credit Suisse, Stifel, Keefe, Bruyette & Woods, Deutsche Bank, UBS, Citi, Raymond James, Morgan Stanley, BMO Capital, RBC Capital, Barclays, BB&T Capital Markets, Notable Analyst Rating Changes, Cowen & Co, Wells Fargo