Notable Analyst Rating Changes 6/26: COCO, SOLF, PTRY Upgraded; GM, RHT, GS, MGM Downgraded

June 26, 2008 10:08 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Lehman Bros. upgrades Corinthian Colleges (Nasdaq: COCO) from Equalweight to Overweight. Price target $15.

Goldman Sachs upgrades Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) from Sell to Neutral.

Friedman Billings upgrades The Pantry (Nasdaq: PTRY) from Market Perform to Outperform, citing attractive valuation. Price target $13.50.

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

DOWNGRADES:
Goldman Sachs downgrades GM (NYSE: GM) from Neutral to Sell, saying rising gas prices, falling consumer confidence and tighter credit conditions will weigh on profits.

Oppenheimer downgrades Red Hat (NYSE: RHT) from Outperform to Market Perform.

Wachovia downgrades Goldman Sachs (NYSE: GS) from Outperform to Market Perform.

J.P. Morgan downgrades MGM Mirage (NYSE: MGM) from Overweight to Neutral.

Goldman Sachs added Citigroup Inc. (NYSE: C) to its Conviction Sell List. The firm said Citi may take an additional $8.9 billion in write-downs in Q2.

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

NEW COVERAGE:
Stifel Nicolaus initiates coverage on Sonic Corp. (Nasdaq: SONC) with a Buy rating.

Broadpoint Capital initiates covearge on Capstone Turbine (Nasdaq: CPST) with a Buy and $6 price target, saying larger microturbine systems could be a game changer.

Stifel initiates Discovery Holdings (Nasdaq: DISCA) with A Hold. Stifel is concerned that DVR usage will lower the amount of time users view cable channels, thus hurting Discovery Holdings.

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


Related Categories

Special Reports

Stocks Mentioned

C 15.75

+1.64 +11.62%
Volume: 163,978,086
Track C

COCO 13.87

+1.08 +8.44%
Volume: 1,509,303
Track COCO

CPST 1.36

+0.16 +13.33%
Volume: 3,497,218
Track CPST

DISCA 18.30

+0.00 +0.00%
Volume: 0
Track DISCA

GM 6.51

+1.62 +33.13%
Volume: 61,787,030
Track GM

GS 111.00

+22.20 +25.00%
Volume: 45,421,393
Track GS

MGM 18.90

+2.10 +12.50%
Volume: 3,758,669
Track MGM

PTRY 18.51

+2.97 +19.11%
Volume: 763,711
Track PTRY

RHT 14.77

+1.97 +15.39%
Volume: 3,390,490
Track RHT

SOLF 7.50

+1.37 +22.35%
Volume: 2,271,877
Track SOLF

SONC 12.35

+0.07 +0.57%
Volume: 1,431,616
Track SONC


Related Entities


Add Your Comment