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 196.23

-0.74 -0.38%
Volume: 25,516,660
Track AAPL

ADP 43.80

-0.04 -0.09%
Volume: 4,796,866
Track ADP

DELL 13.66

-0.18 -1.30%
Volume: 41,842,636
Track DELL

DNA 94.81

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

EBAY 23.76

-0.24 -1.00%
Volume: 18,623,921
Track EBAY

HD 28.33

+0.33 +1.18%
Volume: 17,298,207
Track HD

HLS 18.38

+0.49 +2.74%
Volume: 562,914
Track HLS

IBM 127.21

-0.73 -0.57%
Volume: 4,599,575
Track IBM

LOW 22.65

+0.07 +0.31%
Volume: 11,129,745
Track LOW

LVS 16.12

+0.00 +0.00%
Volume: 21,676,162
Track LVS

PENN 27.58

+0.05 +0.18%
Volume: 503,874
Track PENN

SSP 6.11

-0.25 -3.93%
Volume: 393,972
Track SSP


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