Notable Analyst Rating Changes 4/30: BP, CBS, RT Upgraded; TMA, BX, VLO Downgraded

April 30, 2008 10:22 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Credit Suisse upgrades BP (NYSE: BP) from Neutral to Outperform.

Citi upgrades CBS Corp. (NYSE: CBS) from Sell to Hold. Price target $23.

SunTrust Robinson Humphrey upgrades Ruby Tuesday, Inc. (NYSE: RT) from Neutral to Buy with a $10 price target, saying the stock looks undervalued.

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

DOWNGRADES:
Friedman Billings downgrades Thornburg Mortgage (NYSE: TMA) to Underperform. Price target lowered to $0.50.

Merrill Lynch downgrades Blackstone Group (NYSE: BX) from Buy to Neutral.

Credit Suisse dowgnrades Valero Energy (NYSE: VLO) from Outperform to Neutral.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Mariner Energy (NYSE: ME) with an Underweight rating.

Thomas Weisel initiates coverage on CardioNet (Nasdaq: BEAT) with an Overweight rating. Price target $29.

JP Morgan initiates coverage on Invesco (NYSE: IVZ) with an Overweight rating.

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


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Stocks Mentioned

BEAT 23.29

+0.33 +1.44%
Volume: 318,085
Track BEAT

BP 40.55

-0.15 -0.37%
Volume: 19,597,981
Track BP

BX 7.99

-0.72 -8.27%
Volume: 5,877,592
Track BX

CBS 8.10

-2.04 -20.12%
Volume: 49,717,754
Track CBS

IVZ 14.30

+1.30 +10.00%
Volume: 10,426,558
Track IVZ

ME 10.61

-2.02 -15.99%
Volume: 2,447,900
Track ME

RT 2.97

-0.43 -12.65%
Volume: 2,742,710
Track RT

TMA 2.01

-0.37 -15.55%
Volume: 992,147
Track TMA

VLO 18.30

-0.76 -3.99%
Volume: 30,781,186
Track VLO


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