Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded

November 11, 2009 10:56 AM EST

UPGRADES:
Bank of America upgrades Semi Manufacturing International (NYSE: SMI) from Underperform to Neutral.

Wells Fargo Securities upgrades Toll Brothers, Inc. (NYSE: TOL) Market Perform to Outperform with a $24-$26 valuation. Click Here for more color.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) from Hold to Buy and raised their price target from $12 to $20. Click Here for more color.

Goldman Sachs upgraded Microchip Technology Inc. (NASDAQ: MCHP) from Sell to Neutral. Click Here for more color.

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

DOWNGRADES:
Credit Suisse downgrades Priceline.com (NASDAQ: PCLN) to Neutral. Price target $210.

Morgan Keegan downgrades Synovus Financial (NYSE: SNV) from Outperform to Market Perform.

Thomas Weisel and J.P. Morgan downgrade RHI Entertainment (NASDAQ: RHIE) from to Underweight and Neutral, respectively. J.P. Morgan slashed their price target from $4 to $0.75.

Oppenheimer downgrades Adobe (NASDAQ: ADBE) to Market Perform.

Collins Stewart downgrades Sigma Designs (NASDAQ: SIGM) to Sell. Price target $9. For more color, Click Here.

Hilliard Lyons downgrades Humana (NYSE: HUM) from Buy to Neutral.

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

NEW COVERAGE:
MKM Partners initiates coverage on Palm (NASDAQ: PALM) with a Neutral rating.

Bernstein initiates coverage on Hyatt Hotels (NYSE: H) with an Underperform rating.

Bank of America re-instates coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy rating. Price target $75.

Susquehanna initiates coverage on Cameron International (NYSE: CAM) with a Positive. Price target $48. Click Here for more color.

J.P. Morgan initiates coverage on Banco Santander (NASDAQ: BSBR) with an Overweight rating.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ADBE 35.38

-0.79 -2.18%
Volume: 2,049,561
Track ADBE

BSBR 13.35

+0.01 +0.07%
Volume: 4,620,422
Track BSBR

CAM 37.24

-1.25 -3.25%
Volume: 2,048,075
Track CAM

H 28.35

-0.26 -0.91%
Volume: 386,727
Track H

HUM 41.73

-0.37 -0.88%
Volume: 586,345
Track HUM

MCHP 26.05

-0.36 -1.36%
Volume: 959,055
Track MCHP

PALM 11.00

-0.24 -2.14%
Volume: 4,225,105
Track PALM

PCLN 208.21

-4.69 -2.20%
Volume: 488,335
Track PCLN

RHIE 0.63

+0.00 +0.00%
Volume: 150,042
Track RHIE

SFD 15.51

-0.46 -2.88%
Volume: 670,508
Track SFD

SIGM 11.33

-0.35 -3.00%
Volume: 226,307
Track SIGM

SMI 3.14

+0.08 +2.61%
Volume: 83,050
Track SMI

SNV 1.89

+0.09 +5.00%
Volume: 20,977,369
Track SNV

TOL 19.28

-0.22 -1.13%
Volume: 1,356,812
Track TOL

WYNN 62.98

-2.39 -3.66%
Volume: 1,687,509
Track WYNN


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