Notable Analyst Rating Changes 7/17: CMCSA, RIO, MI, PFCB Upgraded; WFC, EBAY, SBUX, LSTR Downgraded

July 17, 2008 9:49 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Comcast (Nasdaq: CMCSA) from Neutral to Buy.

Goldman Sachs upgrades Comp Vale Do Rio (NYSE: RIO) from Neutral to Buy with a $42 price target, citing valuation and expectations the company will outperform peers.

Keefe, Bruyette, and Woods upgrades Marshall & Ilsley Corp (NYSE: MI) from Underperform to Market Perform with a $14 price target. The upgrade is due to valuation.

Piper Jaffray upgrades P.F. Chang's China Bistro (NASDAQ: PFCB) from Neutral to Buy with a $30 price target.

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

DOWNGRADES:
UBS downgrades Wells Fargo (NYSE: WFC) from Buy to Neutral, saying the stock has outperformed the rest of the banking sector. The firm said macro uncertainties remain very high.

Goldman Sachs, Thomas Weisel, AmTech and Merrill Lynch downgrade eBay (Nasdaq: EBAY) to Neutral, Marketweight, Sell and Neutral, respectively.

Piper Jaffray downgrades Starbucks (NASDAQ: SBUX) from Buy to Neutral and lowers their price target from $18 to $14.

Raymond James downgrades Landstar System (Nasdaq: LSTR) from Strong Buy to Outperform.

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

NEW COVERAGE:
Jefferies & Co initiates coverage on Solarfun (Nasdaq: SOLF) with a Buy. Price target $18.

Goldman Sachs restarted coverage on Best Buy (NYSE: BBY) with a Sell.

Stifel Nicolaus initiates coverage on Atwood Oceanics Inc. (NYSE: ATW) with a Hold rating.

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


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Stocks Mentioned

ATW 37.15

+0.76 +2.09%
Volume: 1,835,870
Track ATW

BBY 44.92

-0.06 -0.13%
Volume: 7,181,975
Track BBY

CMCSA 20.61

-0.24 -1.15%
Volume: 21,249,969
Track CMCSA

EBAY 23.77

-0.04 -0.17%
Volume: 22,776,993
Track EBAY

LSTR 48.82

-0.49 -0.99%
Volume: 603,204
Track LSTR

MI 17.08

+1.45 +9.28%
Volume: 8,244,449
Track MI

PFCB 26.15

-0.16 -0.61%
Volume: 725,723
Track PFCB

RIO 23.52

-0.05 -0.21%
Volume: 44,443,776
Track RIO

SBUX 15.18

+0.10 +0.66%
Volume: 9,620,510
Track SBUX

SOLF 14.38

-0.42 -2.84%
Volume: 3,872,281
Track SOLF

WFC 31.20

+1.53 +5.16%
Volume: 52,598,863
Track WFC


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