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 19.07

+0.77 +4.21%
Volume: 83,995,101
Track C

COCO 13.60

+0.29 +2.18%
Volume: 1,054,003
Track COCO

CPST 2.09

-0.02 -0.95%
Volume: 6,073,889
Track CPST

DISCA 19.52

+0.09 +0.46%
Volume: 2,073,970
Track DISCA

GM 10.71

+0.03 +0.28%
Volume: 18,385,445
Track GM

GS 163.24

+2.34 +1.45%
Volume: 7,537,265
Track GS

MGM 32.62

+0.18 +0.55%
Volume: 3,078,058
Track MGM

PTRY 20.18

+0.28 +1.41%
Volume: 558,859
Track PTRY

RHT 19.01

-0.92 -4.62%
Volume: 4,631,149
Track RHT

SOLF 14.38

-0.42 -2.84%
Volume: 3,872,281
Track SOLF

SONC 15.09

+0.38 +2.58%
Volume: 1,049,004
Track SONC


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