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CHANGE IN RATINGS
Bank of New York Mellon (BK Quote) upgraded at Bank of America to Buy from Neutral as their enlarged capital base is better able to manage loss content. Target price raised to $36 from $32. Cut 2009 EPS to $2.10 from $2.20 as dilution from capital increase, 2010 EPS lifted to $2.75 from $2.45.Burger King (BKC Quote) downgraded at Bank of America to Neutral from Buy on fear that 4Q EPS will be disappointing due to negative same store sales. Target price lowered to $19 from $22. Lowered 2009 EPS to $1.34 from $1.36.
Canadian Natural Resources (CNQ Quote) target raised at Barclays to $60 from $54 as the company announced a successful start in early '09. Equal-weight rating.
Cognizant (CTSH Quote) initiated at Deutsche Bank. Initiated with a Buy rating and $32 price target. Introduces 2009 EPS estimates of $1.70. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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