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 18.99

-0.09 -0.47%
Volume: 52,460,616
Track C

COCO 13.27

-0.66 -4.74%
Volume: 1,391,030
Track COCO

CPST 2.72

-0.04 -1.45%
Volume: 2,060,293
Track CPST

DISCA 20.23

-0.07 -0.34%
Volume: 1,555,488
Track DISCA

GM 10.00

-0.34 -3.29%
Volume: 14,405,281
Track GM

GS 163.97

+2.14 +1.32%
Volume: 7,586,782
Track GS

MGM 35.19

+1.71 +5.11%
Volume: 4,918,354
Track MGM

PTRY 18.34

+0.29 +1.61%
Volume: 404,034
Track PTRY

RHT 21.00

+0.12 +0.57%
Volume: 1,210,685
Track RHT

SOLF 15.81

-0.21 -1.31%
Volume: 4,726,713
Track SOLF

SONC 14.49

-0.01 -0.07%
Volume: 805,001
Track SONC


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