Notable Analyst Rating Changes 11/07: ANF, TWTC, CECEO Upgraded; TM, DLB, SI Downgraded

November 7, 2008 10:01 AM EST

UPGRADES:
Jefferies & Co upgrades Abercrombie & Fitch (NYSE: ANF) from Underperform to Hold.

J.P. Morgan upgrades tw telecom (Nasdaq: TWTC) from Underweight to Neutral.

Piper Jaffray & Co. upgrades Career Education Corp. (Nasdaq: CECO) from Sell to Neutral.

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

DOWNGRADES:
Merrill Lynch downgrades Toyota Motor (NYSE: TM) from Buy to Underperform.

Soleil Securities downgrades Dolby Laboratories (NYSE: DLB) from Buy to Hold. Price target $35.

UBS downgrades Siemens (NYSE: SI) from Buy to Sell.

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

NEW COVERAGE:
Goldman Sachs starts Wyeth (NYSE: WYE), Bristol-Myers Squibb Co. (NYSE: BMY) at Buy.

Goldman Sachs starts Eli Lilly & Co. (NYSE: LLY), Merck & Co. Inc. (NYSE: MRK) and Schering-Plough Corp. (NYSE: SGP) at Neutral.

Goldman Sachs starts Pfizer Inc. (NYSE: PFE) at Sell.

Cowen & Co initiates coverage on Netlogic Microsystems (Nasdaq: NETL) with a Neutral.

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

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Related Entities

• Piper Jaffray
• UBS
• JPMorgan
• Goldman Sachs
• Jefferies & Co
• Merrill Lynch
• Soleil Securities
• Notable Analyst Rating Changes
• Cowen & Co

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