Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded

November 11, 2009 10:56 AM EST

UPGRADES:
Bank of America upgrades Semi Manufacturing International (NYSE: SMI) from Underperform to Neutral.

Wells Fargo Securities upgrades Toll Brothers, Inc. (NYSE: TOL) Market Perform to Outperform with a $24-$26 valuation. Click Here for more color.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) from Hold to Buy and raised their price target from $12 to $20. Click Here for more color.

Goldman Sachs upgraded Microchip Technology Inc. (NASDAQ: MCHP) from Sell to Neutral. Click Here for more color.

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

DOWNGRADES:
Credit Suisse downgrades Priceline.com (NASDAQ: PCLN) to Neutral. Price target $210.

Morgan Keegan downgrades Synovus Financial (NYSE: SNV) from Outperform to Market Perform.

Thomas Weisel and J.P. Morgan downgrade RHI Entertainment (NASDAQ: RHIE) from to Underweight and Neutral, respectively. J.P. Morgan slashed their price target from $4 to $0.75.

Oppenheimer downgrades Adobe (NASDAQ: ADBE) to Market Perform.

Collins Stewart downgrades Sigma Designs (NASDAQ: SIGM) to Sell. Price target $9. For more color, Click Here.

Hilliard Lyons downgrades Humana (NYSE: HUM) from Buy to Neutral.

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

NEW COVERAGE:
MKM Partners initiates coverage on Palm (NASDAQ: PALM) with a Neutral rating.

Bernstein initiates coverage on Hyatt Hotels (NYSE: H) with an Underperform rating.

Bank of America re-instates coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy rating. Price target $75.

Susquehanna initiates coverage on Cameron International (NYSE: CAM) with a Positive. Price target $48. Click Here for more color.

J.P. Morgan initiates coverage on Banco Santander (NASDAQ: BSBR) with an Overweight rating.

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


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Stocks Mentioned

ADBE 36.17

+0.22 +0.61%
Volume: 192,157
Track ADBE

BSBR 13.36

-0.04 -0.30%
Volume: 301,419
Track BSBR

CAM 37.69

-0.51 -1.34%
Volume: 101,282
Track CAM

H 28.40

-0.14 -0.49%
Volume: 9,200
Track H

HUM 41.75

-0.11 -0.26%
Volume: 63,098
Track HUM

MCHP 26.38

-0.09 -0.34%
Volume: 168,463
Track MCHP

PALM 11.08

-0.02 -0.18%
Volume: 244,699
Track PALM

PCLN 210.19

-0.69 -0.33%
Volume: 80,348
Track PCLN

RHIE 0.66

+0.00 +0.00%
Volume: 24,475
Track RHIE

SFD 15.87

-0.06 -0.38%
Volume: 55,930
Track SFD

SIGM 11.67

-0.07 -0.60%
Volume: 4,726
Track SIGM

SMI 3.07

-0.06 -1.92%
Volume: 12,191
Track SMI

SNV 1.57

+0.08 +5.37%
Volume: 1,959,285
Track SNV

TOL 19.50

+0.00 +0.00%
Volume: 233,603
Track TOL

WYNN 62.96

-0.06 -0.10%
Volume: 65,248
Track WYNN


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