Notable Analyst Rating Changes 6/25: GD, NDAQ, JBL, BP Upgraded; BA, RPM, BTRX Downgraded

June 25, 2008 9:47 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades General Dynamics Corp. (NYSE: GD) from Neutral to Buy, maintaing its $95 price target.

Piper Jaffray upgrades NASDAQ (NASDAQ: NDAQ) from Neutral to Buy with a $43 price target. The firm also lowers their 2008 and 2009 EPS estimates from $1.90/$2.16 to $1.88/$2.37.

Merrill Lynch upgrades Jabil Circuit (NYSE: JBL) from Neutral to Buy.

Morgan Stanley upgrades BP (NYSE: BP) from Equal-Weight to Overweight, calling the stock its preferred supermajor in Europe.

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

DOWNGRADES:
Goldman Sachs downgrades Boeing (NYSE: BA) from Neutral to Sell, and adds the stock to their Conviction Sell List. Goldman cited a weak economy and surging fuel prices.

KeyBanc downgrades RPM International (NYSE: RPM) from Buy to Hold.

Roth Capital downgrades Barrier Therapeutics (Nasdaq: BTRX) from Buy to Hold on acquisition news.

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

NEW COVERAGE:
J.P. Morgan initiates coverage on Schering-Plough (NYSE: SGP) with an Overweight.

J.P. Morgan initiates coverage on Merck (NYSE: MRK) with an Overweight rating.

Citi starts Altria (NYSE: MO) and Philip Morris International (NYSE: PM) at Buy and Reynolds American (NYSE: RAI) at Hold.

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


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Stocks Mentioned

BA 62.89

-0.14 -0.22%
Volume: 5,609,906
Track BA

BP 54.03

-0.23 -0.42%
Volume: 10,724,742
Track BP

BTRX 4.14

-0.01 -0.24%
Volume: 0
Track BTRX

GD 85.64

+0.35 +0.41%
Volume: 2,891,475
Track GD

JBL 13.31

-0.76 -5.40%
Volume: 11,364,957
Track JBL

MO 20.95

+0.29 +1.40%
Volume: 18,126,785
Track MO

MRK 34.30

+0.13 +0.38%
Volume: 15,356,359
Track MRK

NDAQ 32.22

+0.56 +1.77%
Volume: 2,911,703
Track NDAQ

PM 54.00

+0.63 +1.18%
Volume: 7,810,786
Track PM

RAI 52.31

-0.33 -0.63%
Volume: 1,542,311
Track RAI

RPM 20.73

+0.00 +0.00%
Volume: 400,115
Track RPM

SGP 19.26

+0.10 +0.52%
Volume: 9,521,432
Track SGP


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