Notable Analyst Rating Changes 10/9: HRC, PTV, ORCL Upgraded; X, AKS, GOOG, CBS Downgraded

October 9, 2008 10:02 AM EDT

UPGRADES:
Soleil Securities upgrades Hill-Rom Holdings (NYSE: HRC) from Trading Sell to Hold. Price target $25.

J.P. Morgan upgrades Pactiv (NYSE: PTV) from Neutral to Overweight.

Societe Generale upgrades Oracle (Nasdaq: ORCL) from Sell to Hold.

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

DOWNGRADES:
Goldman Sachs downgrades U.S. Steel (NYSE: X) and Steel Dynamics (Nasdaq: STLD) from Buy to Neutral. The firm also downgraded AK Steel (NYSE: AKS) from Neutral to Sell

Soleil Securities downgrades Google Inc. (Nasdaq: GOOG) from Buy to Hold and lowers their price target from $580 to $350.

Soleil Securities downgrades CBS Corp. (NYSE: CBS) from Buy to Hold. Price target lowered from $30 to $12.

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

NEW COVERAGE:
Stanford Group initiates coverage on American Superconductor (Nasdaq: AMSC) with a Hold rating.

Stanford Group initiates coverage on Bidz.com (Nasdaq: BIDZ) with a Hold rating.

RBC Capital initiates coverage on Arena Resources (NYSE: ARD) with an Outperform rating. Price target $52.

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


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Stocks Mentioned

AKS 12.54

+0.82 +7.00%
Volume: 6,862,575
Track AKS

AMSC 17.78

+0.00 +0.00%
Volume: 339,667
Track AMSC

ARD 28.56

+0.22 +0.78%
Volume: 350,315
Track ARD

BIDZ 4.24

+0.05 +1.19%
Volume: 9,346
Track BIDZ

CBS 8.57

+0.06 +0.71%
Volume: 5,195,986
Track CBS

GOOG 318.98

-3.03 -0.94%
Volume: 2,041,872
Track GOOG

HRC 14.21

-0.65 -4.37%
Volume: 1,368,805
Track HRC

ORCL 17.36

-0.29 -1.64%
Volume: 13,796,109
Track ORCL

PTV 23.72

-0.20 -0.84%
Volume: 899,139
Track PTV

STLD 13.16

+0.38 +2.97%
Volume: 3,377,763
Track STLD

X 37.82

+0.61 +1.64%
Volume: 4,093,144
Track X


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