Notable Analyst Rating Changes 6/26: COCO, SOLF, PTRY Upgraded; GM, RHT, GS, MGM Downgraded

June 26, 2008 10:08 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Lehman Bros. upgrades Corinthian Colleges (Nasdaq: COCO) from Equalweight to Overweight. Price target $15.

Goldman Sachs upgrades Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) from Sell to Neutral.

Friedman Billings upgrades The Pantry (Nasdaq: PTRY) from Market Perform to Outperform, citing attractive valuation. Price target $13.50.

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

DOWNGRADES:
Goldman Sachs downgrades GM (NYSE: GM) from Neutral to Sell, saying rising gas prices, falling consumer confidence and tighter credit conditions will weigh on profits.

Oppenheimer downgrades Red Hat (NYSE: RHT) from Outperform to Market Perform.

Wachovia downgrades Goldman Sachs (NYSE: GS) from Outperform to Market Perform.

J.P. Morgan downgrades MGM Mirage (NYSE: MGM) from Overweight to Neutral.

Goldman Sachs added Citigroup Inc. (NYSE: C) to its Conviction Sell List. The firm said Citi may take an additional $8.9 billion in write-downs in Q2.

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

NEW COVERAGE:
Stifel Nicolaus initiates coverage on Sonic Corp. (Nasdaq: SONC) with a Buy rating.

Broadpoint Capital initiates covearge on Capstone Turbine (Nasdaq: CPST) with a Buy and $6 price target, saying larger microturbine systems could be a game changer.

Stifel initiates Discovery Holdings (Nasdaq: DISCA) with A Hold. Stifel is concerned that DVR usage will lower the amount of time users view cable channels, thus hurting Discovery Holdings.

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


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Stocks Mentioned

C 18.73

+0.43 +2.35%
Volume: 38,880,152
Track C

COCO 13.25

-0.06 -0.45%
Volume: 430,997
Track COCO

CPST 1.96

-0.15 -7.11%
Volume: 3,769,980
Track CPST

DISCA 19.21

-0.22 -1.13%
Volume: 605,504
Track DISCA

GM 10.80

+0.12 +1.12%
Volume: 9,568,708
Track GM

GS 160.65

-0.25 -0.16%
Volume: 4,274,478
Track GS

MGM 31.90

-0.54 -1.66%
Volume: 1,532,266
Track MGM

PTRY 19.92

+0.02 +0.10%
Volume: 296,925
Track PTRY

RHT 19.25

-0.68 -3.41%
Volume: 1,906,718
Track RHT

SOLF 13.84

-0.96 -6.49%
Volume: 2,160,814
Track SOLF

SONC 14.94

+0.23 +1.56%
Volume: 353,811
Track SONC


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