Notable Analyst Rating Changes 7/21: BIIB, AMR, AIG, BCSI Upgraded; SWK, TWC, DEO, SHW Downgraded

July 21, 2008 9:38 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades Biogen Idec (Nasdaq: BIIB) from Underperform to Buy.

UBS upgrades AMR Corp (NYSE: AMR) from Sell to Neutral.

Banc of America upgrades AIG (NYSE: AIG) from Neutral to Buy with a $35 price, saying the risk/reward is very attactive.

ThinkPanmure and Pacific Crest upgrade Blue Coat Systems (Nasdaq: BCSI) to Buy and Outperform, respectively.

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

DOWNGRADES:
Deutsche Bank downgrades Stanley Works (NYSE: SWK) from Buy to Hold and lowered their price target to $52

Pali Research downgrades Time Warner Cable (NYSE: TWC) from Neutral to Sell with a $13.50 price target.

Merrill Lynch downgrades Diageo (NYSE: DEO) from Buy to Neutral.

Goldman Sachs downgrades Sherwin-Williams (NYSE: SHW) from Neutral to Sell.

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

NEW COVERAGE:
Wachovia initiates coverage on Fifth Street Finance Corp. (NYSE: FSC) with an Outperform rating and a $10 to $11 valuation range.

Pali Research initiates coverage on KB Home (NYSE: KBH) with a Buy rating and $22 price target, citing valuation.

Merrill Lynch initiates coverage on Allos Therapeutics (Nasdaq: ALTH) with a Buy.

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


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Stocks Mentioned

AIG 21.49

-0.02 -0.09%
Volume: 26,198,093
Track AIG

ALTH 9.33

-0.03 -0.32%
Volume: 156,727
Track ALTH

AMR 10.33

+0.17 +1.67%
Volume: 13,740,877
Track AMR

BCSI 18.60

-0.38 -2.00%
Volume: 558,457
Track BCSI

BIIB 50.93

-0.40 -0.78%
Volume: 2,924,264
Track BIIB

DEO 74.40

+0.62 +0.84%
Volume: 535,394
Track DEO

FSC 11.15

+0.04 +0.36%
Volume: 21,602
Track FSC

KBH 20.80

+0.03 +0.14%
Volume: 3,974,932
Track KBH

SHW 58.55

-0.72 -1.21%
Volume: 883,262
Track SHW

SWK 47.95

+0.15 +0.31%
Volume: 409,891
Track SWK

TWC 26.75

-0.44 -1.62%
Volume: 1,000,990
Track TWC


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