Notable Analyst Rating Changes: TSO, KR Upgraded; CFC, CAT Downgraded

December 17, 2007 10:05 AM EST

Notable Analyst Rating Changes:

UPGRADES:
Citi upgrades Tesoro Corporation (NYSE: TSO) from Hold to Buy. Price target increased from $51 to $65.

Bear Stearns upgrades American Eagle Outfitters (NYSE: AEO) from Peer Perform to Outperform.

Credit Suisse upgrades Kroger (NYSE: KR) from Neutral to Outperform. Price target $32.

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

DOWNGRADES:
Citi downgrades Countrywide Financial (NYSE: CFC) from Buy to Hold.

Morgan Stanley downgrades Caterpillar (NYSE: CAT) from Equal Weight to Underweight with a $67 price target, citing concerns construction equipment volumes will decline.

Citi downgrades JPMorgan (NYSE: JPM) from Buy to Hold. Price target lowered from $57 to $46.

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

NEW COVERAGE:
Banc of America initiates coverage on Dollar Tree (Nasdaq: DLTR) with a Neutral.

J.P. Morgan, CIBC and Piper Jaffray initiate coverage on BioForm Medical (Nasdaq: BFRM) with an Overweight, Outperform and Buy rating, respectively.

Susquehanna initiates coverage on Orbitz Worldwide (NYSE: OWW) with a Neutral.

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


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Stocks Mentioned

AEO 15.90

+0.34 +2.19%
Volume: 6,287,125
Track AEO

BFRM 3.76

+0.01 +0.27%
Volume: 85,028
Track BFRM

CAT 58.30

+0.10 +0.17%
Volume: 10,448,305
Track CAT

CFC 4.25

+0.00 +0.00%
Volume: 0
Track CFC

DLTR 46.79

-0.27 -0.57%
Volume: 2,372,604
Track DLTR

JPM 41.74

+0.34 +0.82%
Volume: 61,489,597
Track JPM

KR 22.50

+0.26 +1.17%
Volume: 12,393,087
Track KR

OWW 5.90

+0.07 +1.20%
Volume: 373,926
Track OWW

TSO 12.69

+0.33 +2.67%
Volume: 4,682,148
Track TSO


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