Notable Analyst Rating Changes 7/16: PFCB, CSX, BWA Upgraded; CSCO, MGM, RIMM Downgraded

July 16, 2008 9:54 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Jefferies and Wedbush Morgan upgrade P.F. Chang's (Nasdaq: PFCB) to Buy and Hold, respectively.

Merrill Lynch upgrades CSX (NYSE: CSX) from Neutral to Buy with a $71 price target.

Baird upgrades BorgWarner (NYSE: BWA) from Neutral to Outperform with a $48 price target.

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

DOWNGRADES:
Credit Suisse downgrades Cisco (Nasdaq: CSCO) from Outperform to Neutral and lowers price target from $31 to $24, citing a slower sales outlook as clients cut back spending.

Merrill Lynch downgrades MGM Mirage (NYSE: MGM) from Neutral to Underperform.

Needham & Co. downgrades Research In Motion (Nasdaq: RIMM) from Hold to Underperform.

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

NEW COVERAGE:
Goldman Sachs restarts coverage on Jones Apparel Group Inc. (NYSE: JNY) with a Neutral rating.

RBC Capital initiates coverage on Garmin (Nasdaq: GRMN) with a Sector Perform rating and $45 price target.

BB&T Capital initiates coverage on LaSalle Hotel (NYSE: LHO) with a Buy rating and $32 price target.

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


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Stocks Mentioned

BWA 40.22

+0.50 +1.26%
Volume: 881,700
Track BWA

CSCO 24.23

+0.00 +0.00%
Volume: 23,701,003
Track CSCO

CSX 61.96

+1.57 +2.60%
Volume: 4,032,819
Track CSX

GRMN 36.04

-0.40 -1.10%
Volume: 1,273,238
Track GRMN

JNY 18.68

+0.19 +1.03%
Volume: 1,485,402
Track JNY

LHO 24.39

-0.11 -0.45%
Volume: 518,907
Track LHO

MGM 27.73

-0.47 -1.67%
Volume: 2,826,156
Track MGM

PFCB 25.43

-0.35 -1.36%
Volume: 448,792
Track PFCB

RIMM 132.30

+2.02 +1.55%
Volume: 13,296,448
Track RIMM


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