Notable Analyst Rating Changes 5/16: KR, TJX, APC Upgraded; JCP, RAI, URBN Downgraded

May 16, 2008 10:09 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Stanley upgrades Kroger (NYSE: KR) from Equalweight to Overweight.

Goldman Sachs upgrades TJX Companies (NYSE: TJX) from Neutral to Buy.

Lehman Bros upgrades Anadarko (NYSE: APC) from Equalweight to Overweight, citing attractive valuation.

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

DOWNGRADES:
Goldman Sachs downgrades J.C. Penney (NYSE: JCP) from Buy to Neutral.

JPMorgan downgrades Reynolds American (NYSE: RAI) from Neutral to Underweight.

Lehman Bros. and Stifel Nicolaus downgrade Urban Outfitters (Nasdaq: URBN) to Equalweight and Hold respectively.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on MGM MIRAGE (NYSE: MGM) with a Neutral, Wynn Resorts (Nasdaq: WYNN) with a Buy and Las Vegas Sands (NYSE : LVS) with a Sell.

Morgan Stanley assumes coverage on Costco (Nasdaq: COST) with an Equalweight.

Capital One Southcoast initiates coverage on Plains Exploration & Production (NYSE: PXP) with a Strong Buy rating and a $92 price target.

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


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Stocks Mentioned

APC 61.37

-0.68 -1.10%
Volume: 3,751,239
Track APC

COST 67.19

-0.62 -0.91%
Volume: 1,860,660
Track COST

JCP 39.09

+0.05 +0.13%
Volume: 2,315,369
Track JCP

KR 27.78

-0.12 -0.43%
Volume: 3,125,477
Track KR

MGM 34.57

+1.09 +3.26%
Volume: 3,729,579
Track MGM

PXP 53.68

-1.26 -2.29%
Volume: 987,224
Track PXP

RAI 53.11

-0.55 -1.02%
Volume: 711,505
Track RAI

TJX 36.33

-0.21 -0.57%
Volume: 3,936,550
Track TJX

URBN 35.61

+0.04 +0.11%
Volume: 1,392,123
Track URBN

WYNN 95.65

-0.35 -0.36%
Volume: 776,312
Track WYNN


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