Saturday, May 28, 2011

Upgrades, Downgrades, Initiations and Other Changes for Friday

Cameron Kaine submits:

Updated 27-May-11

Upgrades

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Concho Resources

CXO

Wunderlich

Hold � Buy

$105

Babcock & Wilcox

BWC

KeyBanc Capital Mkts

Hold � Buy

$34

Sony

SNE

Maxim Group

Hold � Buy

$35

Earlier this week, Concho Resources Inc. participated at the UBS Global Oil and Gas Conference will be at the RBC Capital Markets? Global Energy and Power Conference on Monday, June 6. The presentations will be available on Concho's website. Additionally, the UBS Global Oil and Gas Conference presentation will be webcast and can be accessed through the company website. Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The company's operations are focused in the Permian Basin of Southeast New Mexico and West Texas.

The Babcock & Wilcox Company announced Thursday that the joint venture between its


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