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 16.16

+0.32 +2.02%
Volume: 5,169,595
Track AEO

BFRM 3.86

-0.03 -0.77%
Volume: 65,709
Track BFRM

CAT 60.00

+2.40 +4.17%
Volume: 12,253,206
Track CAT

CFC 4.25

+0.00 +0.00%
Volume: 0
Track CFC

DLTR 49.65

+0.87 +1.78%
Volume: 1,175,074
Track DLTR

JPM 44.35

+0.87 +2.00%
Volume: 38,836,638
Track JPM

KR 23.69

+0.42 +1.80%
Volume: 5,512,443
Track KR

OWW 5.45

+0.24 +4.61%
Volume: 479,801
Track OWW

TSO 13.94

-0.03 -0.21%
Volume: 15,673,990
Track TSO


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