Notable Analyst Rating Changes 6/13: LCC, CAL, HERO Upgraded; BUD, FNSR, PDLI, ADM Downgraded

June 13, 2008 9:44 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades US Airways Group, Inc. (NYSE: LCC) from Neutral to Buy.

Soleil Securities upgrades Continental Airlines (NYSE: CAL) from Hold to Buy and raises their price target from $17 to $22, citing a combination of fundamentals and price.

Capital One Southcoast upgrades Hercules Offshore (NASDAQ: HERO) from Neutral to Add and raises their price target from $38 to $39.

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

DOWNGRADES:
UBS downgrades Anheuser-Busch (NYSE: BUD) from Buy to Neutral.

Piper Jaffray downgrades Finisar (NASDAQ: FNSR) from Buy to Hold and lowers their price target from $2 to $1.75.

Credit Suisse downgrades PDL BioPharma Inc. (Nasdaq: PDLI) from Outperform to Neutral.

Morgan Stanley downgrades Archer-Daniels-Midland (NYSE: ADM) from Overweight to Equalweight.

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

NEW COVERAGE:
Lehman Bros. initiates coverage on Ingersoll-Rand (NYSE: IR) with an Equalweight.

Lazard initiates coverage on ENGlobal (NYSE: ENG) with a Buy rating.

Soleil Securities initiates coverage on Dish Network Corp. (Nasdaq: DISH) with an Underweight rating and $24 price target.

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


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Stocks Mentioned

ADM 22.97

+0.00 +0.00%
Volume: 0
Track ADM

BUD 68.00

+0.00 +0.00%
Volume: 0
Track BUD

CAL 17.95

+0.00 +0.00%
Volume: 0
Track CAL

DISH 27.30

-0.46 -1.66%
Volume: 0
Track DISH

ENG 13.32

-1.60 -10.72%
Volume: 0
Track ENG

FNSR 0.01

-1.35 -99.26%
Volume: 0
Track FNSR

HERO 18.56

-0.51 -2.67%
Volume: 0
Track HERO

IR 35.24

+0.00 +0.00%
Volume: 0
Track IR

LCC 7.65

+0.00 +0.00%
Volume: 0
Track LCC

PDLI 5.31

-6.50 -55.04%
Volume: 0
Track PDLI


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