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 203.90

+0.92 +0.45%
Volume: 9,387,304
Track AAPL

ADP 43.09

-0.04 -0.09%
Volume: 1,158,677
Track ADP

DELL 15.61

+0.21 +1.36%
Volume: 4,781,416
Track DELL

DNA 94.81

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

EBAY 23.63

+0.20 +0.85%
Volume: 6,100,311
Track EBAY

HD 27.18

+0.36 +1.34%
Volume: 9,119,023
Track HD

HLS 17.23

-0.03 -0.17%
Volume: 185,561
Track HLS

IBM 126.37

-0.54 -0.43%
Volume: 3,346,271
Track IBM

LOW 21.21

+0.20 +0.95%
Volume: 10,265,575
Track LOW

LVS 17.41

+0.44 +2.59%
Volume: 25,116,198
Track LVS

PENN 28.51

-0.01 -0.04%
Volume: 165,318
Track PENN

SSP 6.73

+0.02 +0.30%
Volume: 255,286
Track SSP


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