Notable Analyst Rating Changes 10/15: IBM, AAPL, DNA, HD, LOW, LVS Upgraded; DELL, EBAY, SSP Downgraded

October 15, 2008 10:18 AM EDT

UPGRADES:
JP Morgan upgrades IBM (NYSE: IBM) from Neutral to Overweight.

JP Morgan upgrades Apple (Nasdaq: AAPL) from Neutral to Overweight.

Piper Jaffray and Citi upgraded Genentech, Inc. (NYSE: DNA) to Buy. Both firms have a $96 price target.

Credit Suisse upgraded Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) from Neutral to Outperform.

Thomas Weisel upgrades Las Vegas Sands Corp. (NYSE: LVS) from Market Weight to Overweight with a $25 price target.

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

DOWNGRADES:
JP Morgan downgrades Dell Inc. (Nasdaq: DELL) from Overweight to Neutral, noting the company gets about 60% of its revenue from PCs which could be hard to achieve consistent growth.

Merrill Lynch downgrades eBay (Nasdaq: EBAY) from Neutral to Underperform with a $19 price target.

Goldman Sachs downgrades E.W. Scripps (NYSE: SSP) from Neutral to Sell.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Automatic Data Processing (NYSE: ADP) with a Neutral.

Morgan Stanley initiates coverage on Penn National (Nasdaq: PENN) with an Equalweight.

Soleil Securities initiates coverage on HealthSouth Corporation (NYSE: HLS) with a Hold. Price target $17.

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


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Stocks Mentioned

AAPL 140.02

-2.81 -1.97%
Volume: 13,236,264
Track AAPL

ADP 34.18

-1.17 -3.31%
Volume: 3,999,368
Track ADP

DELL 12.97

-0.42 -3.14%
Volume: 40,196,433
Track DELL

DNA 94.81

+0.00 +0.00%
Volume: 6,877,884
Track DNA

EBAY 16.34

-0.44 -2.62%
Volume: 14,151,498
Track EBAY

HD 26.29

+2.58 +10.88%
Volume: 441,222
Track HD

HLS 25.09

+10.71 +74.48%
Volume: 447,273
Track HLS

IBM 101.73

-3.11 -2.97%
Volume: 7,027,779
Track IBM

LOW 18.62

-0.89 -4.56%
Volume: 13,314,627
Track LOW

LVS 7.36

-0.34 -4.42%
Volume: 11,378,663
Track LVS

PENN 28.25

-1.01 -3.45%
Volume: 614,877
Track PENN

SSP 25.16

+23.03 +1,081.22%
Volume: 444,537
Track SSP


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