Notable Analyst Rating Changes 7/17: CMCSA, RIO, MI, PFCB Upgraded; WFC, EBAY, SBUX, LSTR Downgraded

July 17, 2008 9:49 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Comcast (Nasdaq: CMCSA) from Neutral to Buy.

Goldman Sachs upgrades Comp Vale Do Rio (NYSE: RIO) from Neutral to Buy with a $42 price target, citing valuation and expectations the company will outperform peers.

Keefe, Bruyette, and Woods upgrades Marshall & Ilsley Corp (NYSE: MI) from Underperform to Market Perform with a $14 price target. The upgrade is due to valuation.

Piper Jaffray upgrades P.F. Chang's China Bistro (NASDAQ: PFCB) from Neutral to Buy with a $30 price target.

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

DOWNGRADES:
UBS downgrades Wells Fargo (NYSE: WFC) from Buy to Neutral, saying the stock has outperformed the rest of the banking sector. The firm said macro uncertainties remain very high.

Goldman Sachs, Thomas Weisel, AmTech and Merrill Lynch downgrade eBay (Nasdaq: EBAY) to Neutral, Marketweight, Sell and Neutral, respectively.

Piper Jaffray downgrades Starbucks (NASDAQ: SBUX) from Buy to Neutral and lowers their price target from $18 to $14.

Raymond James downgrades Landstar System (Nasdaq: LSTR) from Strong Buy to Outperform.

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

NEW COVERAGE:
Jefferies & Co initiates coverage on Solarfun (Nasdaq: SOLF) with a Buy. Price target $18.

Goldman Sachs restarted coverage on Best Buy (NYSE: BBY) with a Sell.

Stifel Nicolaus initiates coverage on Atwood Oceanics Inc. (NYSE: ATW) with a Hold rating.

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


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Stocks Mentioned

ATW 29.48

+7.03 +31.31%
Volume: 2,048,494
Track ATW

BBY 27.13

+1.38 +5.36%
Volume: 11,508,061
Track BBY

CMCSA 16.97

+1.61 +10.48%
Volume: 36,452,296
Track CMCSA

EBAY 18.10

+1.37 +8.19%
Volume: 23,753,363
Track EBAY

LSTR 40.02

+2.06 +5.43%
Volume: 674,646
Track LSTR

MI 15.95

+0.01 +0.06%
Volume: 4,954,446
Track MI

PFCB 21.26

+1.93 +9.98%
Volume: 509,085
Track PFCB

RIO 15.49

+3.43 +28.44%
Volume: 54,936,101
Track RIO

SBUX 11.74

+0.66 +5.96%
Volume: 16,953,206
Track SBUX

SOLF 7.50

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

WFC 30.40

+2.09 +7.38%
Volume: 69,342,011
Track WFC


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