Notable Analyst Rating Changes 12/08: CHK, SFD, DVN, STR Upgraded; APC, UTX, CLWRD, DB Downgraded

December 8, 2008 10:14 AM EST

UPGRADES:
JP Morgan upgrades Chesapeake Energy Corp. (NYSE: CHK) from Neutral to Overweight.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) to Buy, but revises price target to $14.

Jefferies & Co upgrades Devon Energy (NYSE: DVN) from Hold to Buy.

Goldman Sachs upgrades Questar Corp. (NYSE: STR) from Neutral to Buy and added the stock to their Conviction Buy List.

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

DOWNGRADES:
Goldman Sachs downgrades Anadarko Petroleum (NYSE: APC) from Buy to Sell, and also added the stock to their Conviction Sell List.

Cowen & Co downgrades United Technologies (NYSE: UTX) from Outperform to Neutral.

Merrill Lynch downgrades Clearwire (Nasdaq: CLWRD) from Buy to Neutral.

ING Group downgrades Deutsche Bank (NYSE: DB) from Hold to Sell.

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

NEW COVERAGE:
Morgan Stanley resumes coverage on Clearwire (Nasdaq: CLWRD) with an Underweight.

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


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Stocks Mentioned

APC 61.29

-0.41 -0.66%
Volume: 4,191,554
Track APC

CHK 23.03

-0.35 -1.50%
Volume: 13,039,319
Track CHK

CLWRD 4.19

+0.00 +0.00%
Volume: 702,190
Track CLWRD

DB 73.38

-2.03 -2.69%
Volume: 654,772
Track DB

DVN 67.50

-1.67 -2.41%
Volume: 4,742,215
Track DVN

SFD 16.22

-0.21 -1.28%
Volume: 2,569,954
Track SFD

STR 39.59

-0.59 -1.47%
Volume: 1,901,659
Track STR

UTX 67.97

-0.04 -0.06%
Volume: 3,361,186
Track UTX


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