Notable Analyst Rating Changes 10/9: HRC, PTV, ORCL Upgraded; X, AKS, GOOG, CBS Downgraded

October 9, 2008 10:02 AM EDT

UPGRADES:
Soleil Securities upgrades Hill-Rom Holdings (NYSE: HRC) from Trading Sell to Hold. Price target $25.

J.P. Morgan upgrades Pactiv (NYSE: PTV) from Neutral to Overweight.

Societe Generale upgrades Oracle (Nasdaq: ORCL) from Sell to Hold.

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

DOWNGRADES:
Goldman Sachs downgrades U.S. Steel (NYSE: X) and Steel Dynamics (Nasdaq: STLD) from Buy to Neutral. The firm also downgraded AK Steel (NYSE: AKS) from Neutral to Sell

Soleil Securities downgrades Google Inc. (Nasdaq: GOOG) from Buy to Hold and lowers their price target from $580 to $350.

Soleil Securities downgrades CBS Corp. (NYSE: CBS) from Buy to Hold. Price target lowered from $30 to $12.

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

NEW COVERAGE:
Stanford Group initiates coverage on American Superconductor (Nasdaq: AMSC) with a Hold rating.

Stanford Group initiates coverage on Bidz.com (Nasdaq: BIDZ) with a Hold rating.

RBC Capital initiates coverage on Arena Resources (NYSE: ARD) with an Outperform rating. Price target $52.

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


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Stocks Mentioned

AKS 19.38

-0.76 -3.77%
Volume: 14,337,012
Track AKS

AMSC 34.48

+0.25 +0.73%
Volume: 578,929
Track AMSC

ARD 40.90

+0.47 +1.16%
Volume: 539,430
Track ARD

BIDZ 2.34

+0.02 +0.86%
Volume: 23,363
Track BIDZ

CBS 13.46

+0.69 +5.40%
Volume: 13,190,815
Track CBS

GOOG 585.01

-0.73 -0.12%
Volume: 2,513,642
Track GOOG

HRC 23.53

+0.55 +2.39%
Volume: 296,326
Track HRC

ORCL 22.83

+0.19 +0.84%
Volume: 27,813,755
Track ORCL

PTV 24.16

+0.33 +1.38%
Volume: 1,580,443
Track PTV

STLD 17.29

-0.20 -1.14%
Volume: 8,748,267
Track STLD

X 44.39

-0.56 -1.25%
Volume: 13,953,537
Track X


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