Notable Analyst Rating Changes 8/25: BBT, CSUN, LEG, BMS Upgraded; CVC, ALO, HW Downgraded

August 25, 2008 9:50 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi upgrades BB&T (NYSE: BBT) from Hold to Buy. Price target $34.

Jefferies & Co upgrades China Sunergy (Nasdaq: CSUN) from Hold to Buy. Price target $15.

Stifel Nicolaus upgrades Leggett & Platt (NYSE: LEG) from Hold to Buy.

Merrill Lynch upgrades Bemis (NYSE: BMS) from Underperform to Neutral.

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

DOWNGRADES:
Citi downgrades Cablevision Systems (NYSE: CVC) from Buy to Sell. Price target $29.

Roth Capital downgrades Alpharma, Inc. (NYSE: ALO) from Buy to Hold with a $36 price target.

Wedbush Morgan downgrades Headwaters Inc. (NYSE: HW) from Buy to Hold with a $15 price target.

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

NEW COVERAGE:
Merrill Lynch initiates coverage on HCP (NYSE: HCP) with a Neutral. Price target $35.

Leerink Swann initiates coverage on Biodel Inc. (Nasdaq: BIOD) with an Outperform rating.

RBC Capital initiates coverage on EXCO Resources Inc. (NYSE: XCO) with an Outperform rating and $43 price target.

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


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Stocks Mentioned

ALO 35.98

-0.12 -0.33%
Volume: 240,395
Track ALO

BBT 27.53

-2.44 -8.14%
Volume: 2,417,984
Track BBT

BIOD 2.59

-0.16 -5.82%
Volume: 79,972
Track BIOD

BMS 25.60

-1.42 -5.26%
Volume: 446,009
Track BMS

CSUN 3.11

-0.43 -12.15%
Volume: 537,126
Track CSUN

CVC 12.95

-1.71 -11.66%
Volume: 587,197
Track CVC

HCP 19.70

-0.97 -4.69%
Volume: 1,902,319
Track HCP

HW 5.23

-0.45 -7.92%
Volume: 329,431
Track HW

LEG 13.82

-0.78 -5.34%
Volume: 875,548
Track LEG

XCO 6.83

-0.84 -10.95%
Volume: 1,157,023
Track XCO


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