Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded

November 11, 2009 10:56 AM EST

UPGRADES:
Bank of America upgrades Semi Manufacturing International (NYSE: SMI) from Underperform to Neutral.

Wells Fargo Securities upgrades Toll Brothers, Inc. (NYSE: TOL) Market Perform to Outperform with a $24-$26 valuation. Click Here for more color.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) from Hold to Buy and raised their price target from $12 to $20. Click Here for more color.

Goldman Sachs upgraded Microchip Technology Inc. (NASDAQ: MCHP) from Sell to Neutral. Click Here for more color.

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

DOWNGRADES:
Credit Suisse downgrades Priceline.com (NASDAQ: PCLN) to Neutral. Price target $210.

Morgan Keegan downgrades Synovus Financial (NYSE: SNV) from Outperform to Market Perform.

Thomas Weisel and J.P. Morgan downgrade RHI Entertainment (NASDAQ: RHIE) from to Underweight and Neutral, respectively. J.P. Morgan slashed their price target from $4 to $0.75.

Oppenheimer downgrades Adobe (NASDAQ: ADBE) to Market Perform.

Collins Stewart downgrades Sigma Designs (NASDAQ: SIGM) to Sell. Price target $9. For more color, Click Here.

Hilliard Lyons downgrades Humana (NYSE: HUM) from Buy to Neutral.

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

NEW COVERAGE:
MKM Partners initiates coverage on Palm (NASDAQ: PALM) with a Neutral rating.

Bernstein initiates coverage on Hyatt Hotels (NYSE: H) with an Underperform rating.

Bank of America re-instates coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy rating. Price target $75.

Susquehanna initiates coverage on Cameron International (NYSE: CAM) with a Positive. Price target $48. Click Here for more color.

J.P. Morgan initiates coverage on Banco Santander (NASDAQ: BSBR) with an Overweight rating.

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


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Stocks Mentioned

ADBE 35.81

-0.30 -0.83%
Volume: 3,344,414
Track ADBE

BSBR 12.94

-0.08 -0.61%
Volume: 2,402,595
Track BSBR

CAM 37.48

-1.30 -3.35%
Volume: 4,191,545
Track CAM

H 29.52

+0.32 +1.10%
Volume: 1,019,107
Track H

HUM 40.44

-0.39 -0.96%
Volume: 1,563,649
Track HUM

MCHP 25.53

-0.16 -0.62%
Volume: 2,015,914
Track MCHP

PALM 11.74

+0.11 +0.95%
Volume: 10,574,123
Track PALM

PCLN 208.75

+1.11 +0.53%
Volume: 1,392,728
Track PCLN

RHIE 0.73

-0.04 -5.19%
Volume: 299,144
Track RHIE

SFD 16.22

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

SIGM 11.30

+0.28 +2.54%
Volume: 609,282
Track SIGM

SMI 3.17

+0.00 +0.00%
Volume: 51,093
Track SMI

SNV 1.68

+0.10 +6.33%
Volume: 45,048,310
Track SNV

TOL 20.02

-0.49 -2.39%
Volume: 5,156,647
Track TOL

WYNN 63.88

-0.26 -0.41%
Volume: 2,077,938
Track WYNN


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