Grnb Posts -- BloggingStocks

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Analyst upgrades, downgrades and initiations: RBS, COH, BJ, QCOM, SNDK, MAT, MGM ...

Analyst upgrades:

HSBC upgraded Royal Bank of Scotland (NYSE: RBS) to Overweight from Neutral as it believes the risk of immediate nationalization has been removed.
JP Morgan upgraded DTS Inc (NASDAQ: DTSI) to Overweight from Neutral to reflect accretion from the Neural acquisition and its expectation the company can generate strong cash flow during the downturn. The firm raised its target to $18.
Cowen upgraded Coach (NYSE: COH) to Outperform from Neutral citing the recent sell-off in shares.
BJ's Wholesale (NYSE: BJ) was upgraded to Buy from Neutral at UBS.
First Horizon (NYSE: FHN) was upgraded to Overweight from Equal Weight at Morgan Stanley.
Spartech (NYSE: SEH) was raised to Hold from Underweight at KeyBanc.

MOST NOTEWORTHY: dELiA's Inc. (DLIA), Hearst-Argyle TV (HTV) and Safeway (SWY) were today's noteworthy downgrades:

Friedman Billings downgraded dELiA's Inc (NASDAQ: DLIA) to Market Perform from Outperform citing the difficult near-term environment.

Deutsche Bank would use Hearst-Argyle TV's (NYSE: HTV) tender offer for the remaining shares of HTV at $23.50 as an opportunity to sell shares and cut the stock to Hold from Buy.

Merrill cut Safeway (NYSE: SWY) shares to Sell from Neutral citing the slowing California economy and the potential threat from Wal-Mart (NYSE: WMT) entering the California market with its new Tesco (OTC: TSCDY) format...

OTHER DOWNGRADES:

Vimicro (NASDAQ: VIMC) was cut to Underweight from Equal Weight at Morgan Stanley.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

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1	Joseph Lazzaro	120
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3	Steven Mallas	54
4	Connie Madon	50
5	Tom Taulli	48
6	Mark Fightmaster	39
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8	Trey Thoelcke	34
9	Paul Foster	25
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11	Brent Archer	23
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14	Jim Cramer	22
15	Zac Bissonnette	22
16	Eric Buscemi	18
17	Michael Fowlkes	14
18	Michael Shulman	13
19	Elizabeth Harrow	12
20	Sheldon Liber	10

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