Notable Analyst Rating Changes 10/16: GSK, ADM, APC, WFC Upgraded; STM, DO, EBAY, MDU Downgraded

October 16, 2008 10:06 AM EDT

UPGRADES:
Merrill Lynch upgrades GlaxoSmithKline (NYSE: GSK) from Underperform to Neutral.

Merrill Lynch upgrades Archer-Daniels Midland (NYSE: ADM) from Neutral to Buy.

Jefferies & Co upgrades Anadarko Petroleum (NYSE: APC) from Hold to Buy.

Morgan Stanley upgrades Wells Fargo (NYSE: WFC) from Underweight to Overweight with a $40 price target.

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

DOWNGRADES:
Credit Suisse downgrades STMicroelectronics (NYSE: STM) from Neutral to Underperform.

Morgan Keegan downgrades Diamond Offshore (NYSE: DO) from Outperform to Market Perform.

Piper Jaffray downgrades eBay (Nasdaq: EBAY) from Buy to Neutral, following disappointing results and guidance.

Citi downgrades MDU Resources Group (NYSE: MDU) from Buy to Hold. Price target lowered from $39 to $23

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

NEW COVERAGE:
Caris & Co. initiates coverage on Procter & Gamble (NYSE: PG) with an Above Average rating.

Lazard Capital initiates coverage on McAfee (NYSE: MFE) with a Buy rating.

Cowen & Co initiates coverage on Aeropostale (NYSE: ARO) with an Outperform.

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


Related Categories

Special Reports

Stocks Mentioned

ADM 31.60

-0.06 -0.19%
Volume: 3,631,455
Track ADM

APC 60.96

-0.60 -0.97%
Volume: 3,011,793
Track APC

ARO 32.70

+0.47 +1.46%
Volume: 7,093,425
Track ARO

DO 101.80

+0.06 +0.06%
Volume: 1,297,179
Track DO

EBAY 23.76

-0.24 -1.00%
Volume: 18,605,956
Track EBAY

GSK 42.38

-0.03 -0.07%
Volume: 1,850,628
Track GSK

MDU 23.21

+0.25 +1.09%
Volume: 646,005
Track MDU

MFE 39.50

+0.02 +0.05%
Volume: 1,401,540
Track MFE

PG 63.19

+0.28 +0.45%
Volume: 8,996,680
Track PG

STM 8.38

+0.01 +0.12%
Volume: 2,788,089
Track STM

WFC 27.45

-0.54 -1.93%
Volume: 35,306,363
Track WFC


Related Entities


Add Your Comment